DGAP-Ad hoc: United Power Technology AG

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

United Power Technology AG / Key word(s): Change of Personnel

09.05.2016 17:24

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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

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.

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Information and Explanation of the Issuer to this News:

'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.

09.05.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: United Power Technology AG Mergenthalerallee 10-12 65760 Eschborn Germany Phone: +49 6196 400804 Fax: +49 6196 400910 E-mail: ir01@unitedpower.cn Internet: www.unitedpower.de.com ISIN: DE000A1EMAK2 WKN: A1EMAK Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------