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Telit Communications - Yuxiang Yang appointed Non-Executive Director

RNS Number : 0580R
Telit Communications PLC
25 June 2020

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.





Telit Communications PLC
Paolo Dal Pino, Chief Executive Officer

Yariv Dafna, Finance Director & President

Tel: +44 203 289 3831



finnCap (Nomad and Broker)

Henrik Persson/Giles Rolls/Hannah Boros (corporate finance)

Tim Redfern / Richard Chambers (ECM)

Tel: +44 20 7220 0500




Tel: +44 20 7631 8618

Robin Haddrill/ Cornelia Schnepf

Email: [email protected]



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:

Current Directorships/Partnerships:

Ayla Networks, Inc.

Beijing Yidian Wangju Information Technology Co Limited

Beijing Zhongqing Longtu Internet Technology Co Limited

Fusion Capital 1 GP, Limited

Ganzhi Jinkong Investment Co Limited

Jinan Shengrui Information Technology Co Limited

Particle (HK) Limited 

Raylight Investment Co Limited

Run Liang Tai (Hong Kong) Investment Co Limited

Run Liang Tai Management Limited

Shanghai Xiyuxiang Investment Co Limited

Shanghai Yanshan Corporate Management Consulting Co Limited

Shanghai Yanxiang Corporate Management Consulting Co Limited

Sunsea AIoT Technology Co., Ltd.

Tianjin Yidian Xintong Technology Co Limited

Tibet Ai'yan Corporate Management Co Limited

Tibet Rui'di Corporate Management Co Limited


Current the Legal Representative of:

Beijing Yidian Wangju Technology Co Limited

Beijing Yidian Shuyu Technology Co Limited

Shandong Yidian Zhiyue Information Technology Co Limited

Beijing Yidian Wangju Hudong Technology Co Limited


Previous directorships/partnerships within the last 5 years:

Ganzhi Renhe Assets Management Co Limited

Raylight Investment Operation Co Limited

Run Liang Tai (Hong Kong) Investment Operation Co Limited   

Shanghai Junzhi Asset Management Company 

Shanghai Zhouyue Investment Management Co Limited

Tianjin Yidian Wangju Technology Co Limited

Tibet Ganzhi Jinkong Investment Co Limited

Tibet Junzhi Changqiang Investment Management Co Limited

Zhuhai Boliu Capital Management Co Limited




Mr Yang holds no shares in the Company.






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Price: 131

Market: AIM
Market Cap: £174.27 m

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