Demant Acquisition of 20% of Shares in ShengWang; Plans to Buy Rest in H1

• (PLX AI) - Demant A/S: Investment in leading growth platform in China.
• • Demant completed the acquisition of 20% of the shares in ShengWang, a network of hearing aid clinics in China with around 500 shops across the country
• • Working to complete a transaction regarding the acquisition of the remaining 80% of ShengWang before the end of H1 2022 at which point details of the financial impact of the transaction will be disclosed