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Vtion Wireless Technology: Professor Shu Huaying appointed to the Supervisory Board

Frankfurt, 22 October 2012

Vtion Wireless Technology AG, one of the leading suppliers of wireless data solutions for mobile computing in China, announces the appointment of Professor Shu Huaying (67) to its six-member Supervisory Board.

Professor Shu Huaying was appointed as a new member of Vtion´s Supervisory Board by the local court in Frankfurt on the Main, Germany. He is a professor at the Beijing University of Posts and Telecommunications. He is also the director of the University's Service and Management Technology Institute. Outside of his roles at the Beijing University, Professor Shu Huaying belongs to the committee of the Ministry of Industry and IT, along with other Telecommunication and Economic Experts. He is further involved in the committee of Industrial Engineering at the Institute of Electronics and of the China Institute of Communications. In addition, Professor Shu Huaying is Director of the Chinese Society for Optimization, Overall Planning and Economic Mathematics.

"I am proud to have known Professor Shu Huaying for a long time and I am confident he will be an excellent addition to our Supervisory Board," states Vtion CEO Chen Guoping. "Our nomination committee has done an excellent job in seeking and evaluating new candidates. Their top priority was to add someone to the Board capable of aiding in Vtion's strategic and business development, and they have been successful with Professor Shu Huaying."

 

Vtion´s Supervisory Board

Vtion's Supervisory Board now consists of six members. Original members are Chairman Norbert Quinkert, Vice Chairman Yang Hua, Wang Ning, Liu Yangsheng and Volker Potthoff. Professor Shu Huaying will replace Qian Yingyi, who resigned from the Board on 16 July 2012. The nomination committee will now be disbanded, given that it has finished its intended purpose. The Strategy Committee, consisting of Committee Chairman Volker Potthoff, Yang Hua and Norbert Quinkert, will continue to work in close cooperation with the Management Board in order to assist the company in formulating a comprehensive long-term strategy. The term of all six Vtion Supervisory Board members, including Professor Shu Huaying, will run until the company's annual general meeting, taking place in June 2013.

 

Upcoming Events

Vtion will present at the German Equity Capital Markets Forum on Monday, November 12 at 1.30 p.m. in Room London. The company will also release its full Q3 Interim Report on Wednesday, November 28.

 

About Vtion

The Vtion Group is a leading supplier of wireless computing solutions and products for mobile Internet access via broadband wireless networks in the People's Republic of China. The company offers tablet PC products and support services through its mobile intelligent terminals business segment, including both to the consumer market and industry-specific clients. Through its wholly owned subsidiary, Vtion Anzhuo, the company offers online applications for the Android operating system. For 2011, the company reached sales revenues of EUR 77 million with an EBIT margin of 10.3%. Vtion Wireless Technology AG shares are being traded in the Prime Standard on the Frankfurt Stock Exchange with the ISIN DE000CHEN993. The company's ticker symbol is V33.

 

For further information, please contact:

Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de

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