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USPACE Technology Group Announces Board Changes and Adopts New Company Logo

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USPACE Technology Group (Stock Code: 1725.HK) has announced significant changes to its Board of Directors and adopted a new company logo. Key appointments include:

1. H.E. Mohamed Ben Amor as Executive Director and Chairman of the Board
2. Mr. Sun Fengquan transitioning to Honorary Chairman while remaining CEO
3. Mr. Boris Tadić, former President of Serbia, as Independent Non-Executive Director

These changes aim to optimize the Board structure, enhance corporate governance, and facilitate international business development. The new appointees bring extensive experience in the aerospace sector, which is expected to boost USPACE's global competitiveness and expand its cooperation network in the global aerospace market.

The company, headquartered in Dubai and Hong Kong, focuses on satellite manufacturing and is building an integrated commercial aerospace ecosystem. USPACE's globalization strategy continues to progress as it innovates and creates core satellite products.

USPACE Technology Group (Codice Azionario: 1725.HK) ha annunciato cambiamenti significativi nel suo Consiglio di Amministrazione e ha adottato un nuovo logo aziendale. Le principali nomine includono:

1. S.E. Mohamed Ben Amor come Direttore Esecutivo e Presidente del Consiglio
2. Il signor Sun Fengquan che passa a Presidente E Onorario rimanendo CEO
3. Il signor Boris Tadić, ex Presidente della Serbia, come Direttore Indipendente Non Esecutivo

Questi cambiamenti mirano a ottimizzare la struttura del Consiglio, migliorare la governance aziendale e facilitare lo sviluppo commerciale internazionale. I nuovi nominati portano una vasta esperienza nel settore aerospaziale, il che si prevede aumenterà la competitività globale di USPACE e amplierà la sua rete di collaborazione nel mercato aerospaziale globale.

L'azienda, con sede a Dubai e Hong Kong, si concentra sulla produzione di satelliti e sta costruendo un ecosistema aerospaziale commerciale integrato. La strategia di globalizzazione di USPACE continua a progredire mentre innova e crea prodotti satellitari core.

USPACE Technology Group (Código de Acciones: 1725.HK) ha anunciado cambios significativos en su Junta Directiva y ha adoptado un nuevo logo empresarial. Las principales designaciones incluyen:

1. S.E. Mohamed Ben Amor como Director Ejecutivo y Presidente de la Junta
2. El Sr. Sun Fengquan que pasará a ser Presidente Honorario manteniendo su cargo de CEO
3. El Sr. Boris Tadić, ex Presidente de Serbia, como Director No Ejecutivo Independiente

Estos cambios tienen como objetivo optimizar la estructura de la Junta, mejorar la gobernanza corporativa y facilitar el desarrollo de negocios internacionales. Los nuevos nombrados aportan una vasta experiencia en el sector aeroespacial, lo que se espera aumente la competitividad global de USPACE y expanda su red de cooperación en el mercado aeroespacial global.

La empresa, con sede en Dubái y Hong Kong, se enfoca en la fabricación de satélites y está construyendo un ecosistema comercial aeroespacial integrado. La estrategia de globalización de USPACE continúa avanzando mientras innova y crea productos satelitales fundamentales.

USPACE Technology Group (주식 코드: 1725.HK)은 이사회에 대한 중요한 변화를 발표하고 새로운 회사 로고를 채택했습니다. 주요 임명 사항은 다음과 같습니다:

1. H.E. Mohamed Ben Amor을 임원 이사 및 이사회 의장으로 임명
2. Sun Fengquan이 CEO를 유지하며 명예 회장으로 전환
3. 세르비아의 전 대통령인 Boris Tadić을 독립 비상임 이사로 임명

이번 변화는 이사회 구조 최적화, 기업 거버넌스 개선 및 국제 비즈니스 발전 촉진을 목표로 하고 있습니다. 새로 임명된 이사들은 항공우주 분야에서 풍부한 경험을 보유하고 있어 USPACE의 글로벌 경쟁력을 높이고 항공우주 시장에서의 협력 네트워크를 확장할 것으로 기대됩니다.

두바이와 홍콩에 본사를 둔 이 회사는 위성 제조에 중점을 두고 통합 상업 항공우주 생태계를 구축하고 있습니다. USPACE의 글로벌화 전략은 핵심 위성 제품을 혁신하고 창출하면서 계속 진행되고 있습니다.

USPACE Technology Group (Code boursier : 1725.HK) a annoncé des changements importants au sein de son Conseil d'Administration et a adopté un nouveau logo d'entreprise. Les nominations clés comprennent :

1. S.E. Mohamed Ben Amor en tant que Directeur Exécutif et Président du Conseil
2. M. Sun Fengquan passant à Président Honoraire tout en restant PDG
3. M. Boris Tadić, ancien Président de la Serbie, en tant que Directeur Indépendant Non Exécutif

Ces changements visent à optimiser la structure du Conseil, à améliorer la gouvernance d'entreprise et à faciliter le développement des affaires internationales. Les nouveaux nommés apportent une vaste expérience dans le secteur aérospatial, ce qui devrait renforcer la compétitivité mondiale de USPACE et élargir son réseau de coopération sur le marché aérospatial mondial.

La société, dont le siège est à Dubaï et à Hong Kong, se concentre sur la fabrication de satellites et construit un écosystème commercial aérospatial intégré. La stratégie de mondialisation de USPACE continue d'avancer alors qu'elle innove et crée des produits satellites de base.

USPACE Technology Group (Aktiencode: 1725.HK) hat bedeutende Veränderungen im Vorstand angekündigt und ein neues Firmenlogo eingeführt. Zu den wichtigen Ernennungen gehören:

1. S.E. Mohamed Ben Amor als Exekutivdirektor und Vorsitzender des Vorstands
2. Herr Sun Fengquan wechselt zum Ehrenvorsitzenden, bleibt jedoch CEO
3. Herr Boris Tadić, ehemaliger Präsident von Serbien, als unabhängiger nicht-exekutiver Direktor

Diese Veränderungen zielen darauf ab, die Struktur des Vorstands zu optimieren, die Unternehmensführung zu verbessern und die internationale Geschäftsentwicklung zu erleichtern. Die neuen Ernennungen bringen umfassende Erfahrung im Luft- und Raumfahrtsektor mit, was die globale Wettbewerbsfähigkeit von USPACE steigern und das Kooperationsnetzwerk im globalen Luft- und Raumfahrtmarkt erweitern soll.

Das Unternehmen mit Hauptsitzen in Dubai und Hongkong konzentriert sich auf die Satellitenproduktion und baut ein integriertes kommerzielles Luft- und Raumfahrtökosystem auf. Die Globalisierungsstrategie von USPACE schreitet weiterhin voran, während es innovative Kernprodukte für Satelliten entwickelt.

Positive
  • Appointment of experienced leaders with global expertise in the aerospace sector
  • Optimization of Board structure and enhancement of corporate governance
  • Potential for improved international competitiveness and business development
  • Progress in globalization strategy and aerospace ecosystem development
Negative
  • Resignation of three board members, including non-executive and independent non-executive directors

Appoint AICTO General Director H.E. Mohamed Ben Amor as Executive Director and Chairman of the Board

Mr. Sun Fengquan Transitions to Honorary Chairman and Remains as CEO

Enhance the Global Representation of the Board and Seize the Opportunities in the Global Aerospace Market

HONG KONG, Oct. 2, 2024 /PRNewswire/ -- USPACE Technology Group Limited ("USPACE " or "the Group"; Stock Code: 1725.HK) announces that with effect from 2 October 2024, the Group has appointed H.E. Mohamed Ben Amor, general director of the Arab Information and Communications Technologies Organization(AICTO), as executive Director and chairman of the Board. Following Mr. Sun Fengquan's resignation as executive Director and chairman of the Board, Mr. Sun has been appointed as the honorary chairman of the Company and remains as Chief Executive Officer. The Group has also appointed Mr. Boris Tadić, a former President of Serbia, as independent non-executive Director. These changes optimize the Board structure, enhance corporate governance, and facilitate the Group's international business development. Additionally, the Group has adopted a new company logo, refreshing its corporate image and marking a new phase of development.

USPACE said both the Group's newly appointed executive Director and chairman of the Board, H.E. Ben Amor, and independent non-executive Director, Mr. Tadić, possess extensive experience and expertise in the aerospace sector. Their global vision and extensive networks are expected to significantly enhance the Group's international competitiveness, facilitating the expansion of its global cooperation network and enabling it to better capitalize on development opportunities in the global aerospace market.

H.E. Ben Amor obtained his Master's degree in International Project Management and Human Resources from the National Conservatory of Arts and Crafts, Paris, in 2011. H.E. Ben Amor has more than 10 years of experience in project management, technical operations, telecommunications and ICT development and policy, and ICT infrastructure development. H.E. Ben Amor is currently the general director of the Arab Information and Communication Technologies Organization (AICTO), a specialized Arab governmental organization working under the aegis of the Arab League which aims to promote development of ICT in the Arab region, a position he held since 2016. From 2011 to 2015, H.E. Ben Amor was Special Advisor to the Minister of the Tunisia Ministry of Information and Communication Technologies, where he was in charge of the International Cooperation Bureau. Prior to the above, H.E. Ben Amor held various positions in the Tunisia Telecommunications Research and Studies Agency for over 10 years, he last held the position of Director General from 2009 to 2011.

Mr. Tadić received an Honorary Doctorate from Dimitrie Cantemir Christian University in 2009. Mr. Tadić was formerly the President of Serbia from 2004 to 2012. Prior to that he served as the Minister of Defense of Serbia and Montenegro from 2003 to 2004 and the Minister of Telecommunications of Serbia and Montenegro from 2000 to 2003.

The changes to the Group's Board of Directors include that with effect from 2 October 2024, Professor Guo Huadong has resigned from his office of non-executive Director, Dr. Mazlan Binti Othman has resigned from her office of non-executive Director, and Professor Wang Jianyu has resigned from his office of independent non-executive Director. Each of Professor Guo, Dr. Othman and Professor Wang has confirmed that he/she has no disagreement with the Board and that there is no matter in relation to their respective resignation that needs to be brought to the attention of the Stock Exchange.

USPACE's globalization strategy continues to make substantial progress. The Company is gradually building a complete aerospace ecosystem, while innovating and creating core satellite products.

— End —

About USPACE Technology Group Limited (USPACE)

USPACE Technology Group Limited (USPACE) is headquartered in Dubai, United Arab Emirates and Hong Kong, China. The Company is committed to using outer space technology and application services to promote the sustainable development of the Earth and the progress of human society, aiming to become a leading provider of outer space technology and Earth application services.

The Group focuses on satellite manufacturing as the core of its business development, building an integrated commercial aerospace ecosystem, including satellite component manufacturing, precision electronics manufacturing, satellite data applications, satellite measurement and control, satellite launches, and the operation and management of the Abu Dhabi Space Eco City in the United Arab Emirates.

For further information, please visit https://www.uspace.com/

or contact: 

iPR Ogilvy Limited
Callis Lau /  Lorraine Luk
Tel: (852) 2136 6952 / 2169 0467
Fax: (852) 3170 6606
Email: callis.lau@iprogilvy.com / lorraine.luk@iprogilvy.com

 

 

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SOURCE USPACE Technology Group Limited

FAQ

Who are the new key appointments to USPACE Technology Group's Board of Directors?

USPACE (1725.HK) has appointed H.E. Mohamed Ben Amor as Executive Director and Chairman of the Board, and Mr. Boris Tadić, former President of Serbia, as Independent Non-Executive Director. Mr. Sun Fengquan has transitioned to Honorary Chairman while remaining CEO.

What is the main focus of USPACE Technology Group's business?

USPACE (1725.HK) focuses on satellite manufacturing as the core of its business development, building an integrated commercial aerospace ecosystem including satellite component manufacturing, precision electronics, data applications, and space-related services.

How might the new board appointments impact USPACE's business strategy?

The new appointments are expected to enhance USPACE's (1725.HK) global competitiveness, facilitate international business development, and help the company capitalize on opportunities in the global aerospace market due to the appointees' extensive experience and networks in the sector.

What changes has USPACE Technology Group made to its corporate image?

USPACE (1725.HK) has adopted a new company logo, refreshing its corporate image and marking a new phase of development for the company.

USPACE Technology Group Limited

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