DGAP-News 422 0 Kommentare United Power Technology AG: Annual General Meeting resolves dividend payment

DGAP-News: United Power Technology AG / Key word(s): Dividend/AGM/EGM
United Power Technology AG: Annual General Meeting resolves dividend
payment

21.08.2014 / 17:00

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United Power Technology AG: Annual General Meeting resolves dividend
payment

Eschborn, Germany, August 21, 2014 - Yesterday, the Annual General Meeting
of United Power Technology AG (United Power), one of the leading
manufacturers of engine-driven power equipment in China, has resolved to
pay a cash dividend of 0.08 Euros per share for the financial year 2013.
Based on the closing price (XETRA) from August 20, 2014, the dividend yield
amounts to 3.5%.

Despite lower revenues in 2013 compared to the previous year, the
Management Board and Supervisory Board had jointly decided to propose a
dividend to the Annual General Meeting. The dividend is the first dividend
payment of United Power since its initial public offering in 2011. The
dividend policy going forward will seek an increase of dividends assuming
medium to long-term profitable growth, taking the general economic
conditions into account.

Around 60 per cent of the voting-entitled capital was represented at United
Power's Annual General Meeting. All resolutions of the agenda were passed
with a majority of over 99%.

"With the dividend payment we want our investors to benefit from the
development of our company and also increase the trust of our shareholders
in the reliability of United Power as an investment on the Frankfurt Stock
Exchange", states Wu, CEO of United Power.

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 end users in around 70 countries around 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
Andreas Friedemann
T: +49 40 60 91 86 0
F: +49 40 60 91 86 60
E-Mail: a.friedemann@kirchhoff.de
or visit www.unitedpower.de.com

Disclaimer concerning prognoses
This communication contains forward-looking statements. Forward-looking
statements are statements that are not historical facts instead they
reflect United Power's current views and expectations and the assumptions
underlying them about future events. Forward-looking statements are subject
to many risks and uncertainties. If any of such risks and uncertainties
materialise or if the assumptions underlying any of United Power's
forward-looking statements are proving to be incorrect, United Power's
actual results may be materially different from those expressed or implied
by such forward-looking statements. United Power does not intend or assume
any obligation to update these forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is made.

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21.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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@unitedpower.cn
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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