Press

United Power Technology AG: Co-CEO Xu Wu leaves the Company

Ad-hoc-Announcement pursuant to Section 15 German Securities Trading Act (WpHG)

Eschborn, Germany, 9 May 2016 – Mr. Xu Wu, Co-CEO and Chairman of the Management Board of United Power Technology AG, has today informed the Supervisory Board that he intends to leave the Company for health reasons. Mr. Xu Wu and the Supervisory Board have agreed today that Mr. Xu Wu will resign from all his positions with immediate effect.


Mr. Zhong Dong Huang, current Co-CEO will take over all the responsibilities of Mr. Xu Wu. especially concerning government and key domestic account relationships as well as the Group strategy. Mr. Zhong Dong Huang will thus act as Chairman of the Management Board and single Chief Executive Officer.


– End of Ad-hoc-Announcement –


“We would like to thank Mr. Wu for his long lasting support and invaluable contributions to the Company especially during the challenging situation in recent years. We are pleased that Mr. Wu will continue to support the Company in his role as a major shareholder of United Power Technology AG. We wish him all the best for his future”, states Mr. Wei Song, Chairman of the Supervisory Board of United Power Technology AG.


For further requests please contact:


Kirchhoff Consult AG
Andreas Friedemann
T: +49 40 60 91 86 50
F: +49 40 60 91 86 60
E-Mail: andreas.friedemann@kirchhoff.de
or visit www.unitedpower.de.com