The Supervisory Board of UMT United Mobility Technology AG announced that the contract with Mr. Alexander Hupe, member of the Management Board responsible for Finance & M&A, will be terminated by mutual agreement with immediate effect. As a result, the Management Board of UMT AG will again consist of two members. Mr. Hupe has been actively involved in the preparation of the annual financial statements and will now be taking on new professional challenges after his time as interim manager at UMT AG.

However, he will continue to be associated with the Company in an advisory capacity, particularly in the area of M&A.