EHang Holdings Limited Announces Appointment of Nick Ning Yang as New Independent Director
December 05 2022 - 7:27AM
EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the
world’s leading autonomous aerial vehicle (“AAV”) technology
platform company, today announced that Mr. Nick Ning Yang has been
appointed as a new director to the Company’s Board of Directors
(the “Board”), effective December 5, 2022. The Board has reviewed
and determined that Mr. Yang meets all the “independence”
requirements under Rule 10A-3 of the United States Exchange Act of
1934 and Rule 5605 of the Nasdaq Stock Market Rules.
Mr. Yang is a renowned serial technology
entrepreneur and investor highlighted by success across the U.S.
and China. He is a founding Partner of LeBox Capital, a venture
investment fund established in 2011 that focuses on early-stage
high growth TMT companies in China. Prior to that, Mr. Yang was a
co-founder of KongZhong Corporation, a company focusing on wireless
value-added services and listed on Nasdaq in July 2004, and served
as Chief Technology Officer from 2002 to 2008. Mr. Yang had also
held the position of Vice President of Technology at Nasdaq-listed
Sohu from 2000 to 2001. From 1999 to 2000, Mr. Yang served as Chief
Technology Officer of ChinaRen.com, a company he co-founded. Mr.
Yang received a bachelor’s degree in electrical engineering from
the University of Michigan in 1997 and a master’s degree in
electrical engineering from the Stanford University in 1999.
Mr. Huazhi Hu, EHang’s Founder, Chairman of the
Board and Chief Executive Officer, commented, “We are greatly
honored to have Mr. Yang join us as our independent director. Mr.
Yang has witnessed the growth of the Company and the global
emerging Urban Air Mobility (“UAM”) industry as one of our early
investors, and brings to us more than 20 years of rich capital
market experience in TMT investments and invaluable entrepreneurial
expertise in several successful technology companies. We look
forward to high-quality, sustainable growth with Mr. Yang onboard
as we continue our strategic development into a new stage with his
extensive professional industry insights and corporate management
capabilities.”
About EHang
EHang (Nasdaq: EH) is the world’s leading
autonomous aerial vehicle (“AAV”) technology platform company.
EHang’s mission is to make safe, autonomous, and eco-friendly air
mobility accessible to everyone. EHang provides customers in
various industries with AAV products and commercial solutions:
urban air mobility (including passenger transportation and
logistics), smart city management, and aerial media solutions. As
the forerunner of cutting-edge AAV technologies and commercial
solutions in the global Urban Air Mobility (“UAM”) industry, EHang
continues to explore the boundaries of the sky to make flying
technologies benefit our life in smart cities. For more
information, please visit www.ehang.com.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Statements that are not historical facts,
including statements about management’s beliefs and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to those
relating to EH216 Type Certification, our expectations regarding
demand for, and market acceptance of, our AAV products and
solutions and the commercialization of UAM services, our
relationships with strategic partners, and current litigation and
potential litigation involving us. Management has based these
forward-looking statements on its current expectations,
assumptions, estimates and projections. While they believe these
expectations, assumptions, estimates and projections are
reasonable, such forward-looking statements are only predictions
and involve known and unknown risks and uncertainties, many of
which are beyond management’s control. These statements involve
risks and uncertainties that may cause EHang’s actual results,
performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by these
forward-looking statements.
Investor Contact:
ir@ehang.com
Media Contact: pr@ehang.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/631c4bd3-f03c-46bd-acd2-e369b1cb9352
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