Ultrasonic AG appointed Dr.-Ing. Harald Zender to the Management Board of the company with effect from 27 October 2014. In addition to his long-standing experience in the areas of private equity and management consulting, Dr. Zender has extensive knowledge of the Asian market: As interim manager at Kinghero AG, he has taken several measures to stabilize the company and has gathered wide experience in cooperating with Chinese authorities.

The company's CFO, Chi Kwong Clifford Chan, is stepping down also with effect from 27 October 2014. Mr. Chan originally intended to vacate his post for personal reasons on 30 September 2014 but announced on 17 September that he was prepared to remain in his function as CFO for an interim period to help clarify Ultrasonic's situation.