United Power Technology AG: Appointment of new Supervisory Board Member

Personnel Issue
United Power Technology AG: Appointment of new Supervisory Board Member
Eschborn, Germany, August 21, 2012 – Mr Brian K. Krolicki was appointed as member of the Supervisory Board of United Power Technology Group, one of the leading manufacturers of engine-driven power equipment in China. Mr Krolicki succeeds Ms Ning Cong.

Brian K. Krolicki (51) lives and works in Nevada, USA. He is Lieutenant Governor of the State of Nevada and has longstanding experience in government and the financial industry. Among others he was State Treasurer of Nevada, CEO Council Member at Headlands Capital Management and worked in the international corporate finance division of Smith Barney.

“We thank Ms Cong for her engagement and her work as member of the Supervisory Board over the past two years and especially during the IPO of United Power. We wish her all the best in her future in professional and personal endeavours. We are delighted that we won Mr Krolicki as a highly qualified successor with an excellent network in the US, an important current and future growth market for our company,” states Xu Wu, CEO of United Power Technology AG.

Mr Brian K. Krolicki was appointed as member of the Supervisory Board by the local court of Frankfurt on August 16th, effective immediately. His appointment will be valid until the next general shareholder meeting in 2013, since the court’s decision should not overrule the general competence of the shareholders’ assembly to appoint members of the Supervisory Board.

About United Power Technology Group

United Power Technology Group designs, develops, manufactures and sells engines and an extensive range of engine-driven power equipment, including generators, outdoor power equipment, as well as components. Its major products comprise residential as well as commercial generators, which are currently delivered to more than 50 countries in the world. The operational companies of United Power Technology Group are incorporated under the laws of the People’s Republic of China and located in Fuzhou and Shanghai, China.

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