Ultrasonic AG announced that Minghong Wu, COO of the company informed the Supervisory Board that he has to go to the hospital for medical treatment due to ongoing health problems. He will therefore be taking six months leave of absence. During this period his operational duties will be assumed by the company's CEO Qinyong Wu and two long-standing senior managers from Sales and Marketing. In addition, following the successful negotiation of a credit facility with Nomura, the Supervisory Board announced an upcoming change of CFO.

The present CFO, Chi Kwong Clifford Chan, is stepping down for family related reasons on 30 September 2014 to spend more time with his family in Hong Kong. His successor is Mr. YEUNG Man Kin, who was most recently responsible for accounting and budget planning at Amnesty International Hong Kong. Before working for Amnesty International, he held various positions in the financial services sector, including posts at the auditor and consultancy company Mazars and Modern Education Group Ltd. Mr. Yeung will take up his new post at Ultrasonic AG on 1 October 2014.

Until then, Mr. Chan will also support Ultrasonic in an advisory capacity.