DGAP-News: United Power Technology AG: Appointment of new Supervisory Board Member

DGAP-News: United Power Technology AG: Appointment of new Supervisory Board Member

ID: 176076

(firmenpresse) - DGAP-News: United Power Technology AG / Key word(s): Change of
Personnel
United Power Technology AG: Appointment of new Supervisory Board
Member

21.08.2012 / 09:32

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Eschborn, Germany, August 21, 2012 - Mr Brian K. Krolicki was appointed as
member of the Supervisory Board of United Power Technology Group, one of
the leading manufacturers of engine-driven power equipment in China. Mr
Krolicki succeeds Ms Ning Cong.

Brian K. Krolicki (51) lives and works in Nevada, USA. He is Lieutenant
Governor of the State of Nevada and has longstanding experience in
government and the financial industry. Among others he was State Treasurer
of Nevada, CEO Council Member at Headlands Capital Management and worked in
the international corporate finance division of Smith Barney.

'We thank Ms Cong for her engagement and her work as member of the
Supervisory Board over the past two years and especially during the IPO of
United Power. We wish her all the best in her future in professional and
personal endeavours. We are delighted that we won Mr Krolicki as a highly
qualified successor with an excellent network in the US, an important
current and future growth market for our company,' states Xu Wu, CEO of
United Power Technology AG.

Mr Brian K. Krolicki was appointed as member of the Supervisory Board by
the local court of Frankfurt on August 16th, effective immediately. His
appointment will be valid until the next general shareholder meeting in
2013, since the court's decision should not overrule the general competence
of the shareholders' assembly to appoint members of the Supervisory Board.


About United Power Technology Group

United Power Technology Group designs, develops, manufactures and sells
engines and an extensive range of engine-driven power equipment, including




generators, outdoor power equipment, as well as components. Its major
products comprise residential as well as commercial generators, which are
currently delivered to more than 50 countries in the world. The operational
companies of United Power Technology Group are incorporated under the laws
of the People's Republic of China and located in Fuzhou and Shanghai,
China.


For further requests please contact:

Kirchhoff Consult AG
Jens Hecht
T: +49 40 60 91 86 0
F: +49 40 60 91 86 60
E-Mail: jens.hecht(at)kirchhoff.de
or visit www.unitedpower.de.com



Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to
buy securities of United Power Technology AG. The shares have already been
sold.

This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of United
Power Technology AG (the 'Shares') have not been registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act') and may not be
offered or sold in the United States unless registered under the Securities
Act or pursuant to an exemption from such registration. There will be no
public offering of the Shares in the United States and the Shares will not
be registered under the Securities Act.

This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order')or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.


End of Corporate News

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21.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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

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Language: English
Company: United Power Technology AG
Mergenthalerallee 10-12
65760 Eschborn
Germany
Phone: +49 6196 400804
Fax: +49 6196 400910
E-mail: oliver.kuan(at)unitedpower.cn;verena.rauch(at)kirchhoff.de
Internet: www.unitedpower.de.com
ISIN: DE000A1EMAK2
WKN: A1EMAK
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart


End of News DGAP News-Service
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182302 21.08.2012


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Bereitgestellt von Benutzer: EquityStory
Datum: 21.08.2012 - 09:32 Uhr
Sprache: Deutsch
News-ID 176076
Anzahl Zeichen: 6787

contact information:

Kategorie:

Business News



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