Vtion Wireless Technology AG 520 0 Kommentare Chief Technology Officer resigns with consent of the company

(DGAP-Media / 18.05.2015 / 09:57)

Personnel Issue

Vtion Wireless Technology AG: Chief Technology Officer resigns with consent
of the company

Frankfurt, 18 May 2015. Mr. He Zhihong, the Chief Technology Officer of
Vtion Wireless Technology AG (Vtion AG), a supplier of wireless data
solutions for mobile computing in China, has resigned from office effective
by 16 May 2015. The resignation is to avoid conflicts of interest related
to his role in the former subsidiary Vtion Anzhuo, which was divested from
the Vtion Group in March 2015. The personnel decision has been taken
consensually by the Management Board and the Supervisory Board.

Both boards decided that there is no need to appoint a successor of Mr. He
Zhihong. His responsibilities will be taken over by two of the remaining
four members of the Management Board and the operational duties are assumed
by the Chief Technology Officers of the Company's subsidiaries Vtion
Information and Vtion Software.

On 23 March 2015, Vtion AG had decided to sell the whole equity stake of
its subsidiary Vtion Anzhou to the management team via a management buyout.
Among them is Mr. He Zhihong who now is responsible for the company
offering software-related business services that among these is an appstore
as well as insurance industry solutions.

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 industry-specific computing
solutions to the insurance industry through its E-Agency platform. 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
Andreas Friedemann, phone: +49 40 60 91 86 0, mail:
andreas.friedemann@kirchhoff.de
or visit the company website: www.vtion.de

Disclaimer concerning prognoses
This communication contains forward-looking statements. Forward-looking
statements are statements that are not historical facts instead they
reflect Vtion'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 Vtion's forward-looking
statements are proving to be incorrect, Vtion's actual results may be
materially different from those expressed or implied by such
forward-looking statements. Vtion 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.

End of Media Release

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Issuer: Vtion Wireless Technology AG
Key word(s): Enterprise

18.05.2015 Dissemination of a Press Release, 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: Vtion Wireless Technology AG
Westhafenplatz 1 (Westfalen Tower)
60327 Frankfurt
Germany
Phone: +49 69 710 456 245
Fax: +49 69 710 456 248
E-mail: ir@vtion.de,Janina.schumann@kirchhoff.de
Internet: www.vtion.de
ISIN: DE000CHEN993
WKN: CHEN99
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

End of News DGAP-Media
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