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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.


For further requests please contact:

 

Kirchhoff Consult AG


Jens Hecht
T: +49 40 60 91 86 0
F: +49 40 60 91 86 60
E-Mail: jens.hecht@kirchhoff.de
or visit www.unitedpower.de.com


Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to buy securities of United Power Technology AG. The shares have already been sold.

This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares of United Power Technology AG (the "Shares") have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the Shares in the United States and the Shares will not be registered under the Securities Act.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.