Police investigation into management of Schindler China

24.09.2015

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For media:
Press Office
Tel. +41 41 445 30 60
corporate.communications@schindler.com

For investors & analysts:

Marco Knuchel
Head Investor Relations
Tel. +41 41 445 30 61
investor.relations@schindler.com

Chinese authorities have today in the morning taken for questioning two Chinese managers, including the local managing director. The allegations are not known in detail, but could relate to investigations into employees of the Chinese sales organization. This primarily concerns embezzlement to the detriment of Schindler, as well as passive bribery (acceptance of bribes), and possibly bribery relating to private individuals. Schindler is working closely together with the authorities and will provide further information as soon as proven facts have been established.