Vtion Wireless Technology AG / Key word(s): Change of Personnel
16.07.2012 13:19
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Frankfurt, 16 July 2012. Effective today, Dr. Qian Yingyi resigns as
Chairman and member of the Supervisory Board of Vtion Wireless Technology
AG. He resigns due to taking up a new position on the Monetary Policy
Committee of the People's Bank of China, which precludes him from serving
on the board of any commercial enterprises.
Mr. Norbert Quinkert, formerly the Vice Chairman of the Supervisory Board,
was elected to fill the role of Chairman, while Mr. Yang Hua was elected
for the role of Vice Chairman.
Vtion's Supervisory Board has established a Search and Nomination committee
to find a new member for the Supervisory Board to fill the empty spot left
by Dr. Qian's departure.
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Information and Explaination of the Issuer to this News:
Additional information:
ISIN: DE000CHEN993
Securities Identification No. (WKN): CHEN99
Listing: Regulated Market / Prime Standard at Frankfurt Stock Exchange
Registered office of the company: Germany
For further information, please contact:
Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 39, baden@kirchhoff.de
or visit the company website at: www.vtion.de
Disclaimer:
This release is for information only and does not constitute an offer to
sell, purchase, exchange or transfer any securities or a solicitation of
any such offer in the United States or any other jurisdiction. The
securities referred to herein have not been and will not be 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 absent registration or
an exemption from registration under the Securities Act. Neither Vtion
Wireless Technology AG ('Vtion') nor any other participant in the
transactions described herein intends to register any securities under the
Securities Act or with any securities regulatory authority of any state or
other jurisdiction in the United States in connection with the proposals
described in this announcement. The shares may not be offered to the public
in any jurisdiction in circumstances which would require the preparation or
registration of any prospectus or offering document relating to the shares
in such jurisdiction. No action has been taken by Vtion, M.M. Warburg & Co.
KGaA or any of their respective affiliates that would permit an offering of
the shares or possession or distribution of this announcement or any other
offering or publicity material relating to such securities in any
jurisdiction where action for that purpose is required.
As far as this release contains forward-looking statements with respect to
the business, financial condition and results of operations of Vtion, these
statements are based on current expectations or beliefs of Vtion's
management. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or performance of
the Company to differ materially from those reflected in such
forward-looking statements. Apart from other factors not mentioned here,
differences could occur as a result of changes in the overall economic
situation and the competitive environment - especially in the core business
segments and markets of Vtion. Also, the development of the financial
markets and changes in national as well as international provisions
particularly in the field of tax legislation and financial reporting
standards could have an effect. Terrorist attacks and their consequences
could increase the likelihood and the extent of differences. Vtion
undertakes no obligation to publicly release any revisions or updates to
these forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events.
16.07.2012 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: Vtion Wireless Technology AG
Westhafen Plaza 1
60327 Frankfurt
Germany
Phone: +49 69 710 456 245
Fax: +49 69 710 456 248
E-mail: ir@vtion.de;verena.rauch@kirchhoff.de
Internet: www.vtion.de
ISIN: DE000CHEN993
WKN: CHEN99
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Vtion Wireless Technology AG: Personnel Change Made in Supervisory Board
| Source: EQS Group AG