United Power Technology AG announced that Mr. Xu Wu, Co-CEO and Chairman, has informed the Supervisory Board that he intends to leave the company for health reasons. Mr. Xu Wu and the Supervisory Board have agreed 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.