TCM.L Regulatory News (TCM)

Telit Communications PLC

Yuxiang Yang appointed Non-Executive Director

London, 25 June 2020 - Telit Communications PLC ("Telit", AIM: TCM), a global enabler of the Internet of Things (IoT), has appointed Yuxiang Yang as a Non-Executive Director with immediate effect.

Mr. Yang brings considerable experience from a career in investment and financial markets and is founder and CEO of China Fusion Capital, a Chinese investment management group. As part of this, Mr. Yang is the CEO of Run Liang Tai Management Limited ("RLT"), a significant shareholder of Telit, holding approximately 15.1 per cent of the Company's shares. Mr. Yang is also CEO of Yidian Zixun a leading news aggregation platform. Prior to founding China Fusion Capital, Mr. Yang served as Chairman and CEO of Ping'an Securities (a China-focused investment bank) amongst other roles, and is currently also a board member of Sunsea AIoT Technology Co. Ltd. 

Simon Duffy, Chairman of Telit, commented: "On behalf of the Board, I am delighted to welcome Yuxiang Yang as a Director of Telit. We have got to know him well in recent years and are confident that his considerable knowledge of the sector, as well as some of our key markets, will add substantial value to the Board's activities and to the Company as a whole."

Following this appointment, the Company's Board comprises six non-executive and two executive directors.

Enquiries:

About Telit

Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, platforms and virtual cellular IoT operator services, empowering hundreds of millions of connected 'things' to date, and trusted by thousands of direct and indirect customers, globally. With nearly two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end- to-end IoT solutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling their pursuit of enterprise digital transformation.

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Copyright © 2020 Telit Communications PLC. All rights reserved. Telit, Telit OneEdge and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

Additional Information

In accordance with the AIM Rules, the following information required to be disclosed in relation to Mr. Yang is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules.

Yuxiang Yang, age 48:

Mr Yang holds no shares in the Company.