2016.06.14

Dr. Peng-Heng Chang Appointed as Chairman of Motech Industries Inc.

【Tainan/Taiwan - June 14th, 2016】June 13th, 2016. Motech Industries, Inc. ('Motech') had re-elected directors and independent directors during its 2016 Annual General Meeting. The Board of Directors' Meeting afterward had resolved that Dr. Peng-Heng Chang, Chief Executive Officer and Director of Motech, to succeed as Chairman of Motech. Mr. Yung-Hui Tseng (Steve Tseng), the former Chairman of Motech, remained as the Director and will continue to serve on the board as Honorary Chairman.

Motech's Honorary Chairman, Mr. Yung-Hui Tseng indicates that 'In view of Motech long-term sustainability and cooperate succession, appointing a rightful successor is a crucial and important plan and responsibility, especially there are still many challenges ahead in the future of PV industry. Hence, by passing over the chairman's responsibilities to Dr. Peng-Heng Chang will bring Motech to a new era. I will keep on participating in Board of Directors' activities and contribute my experiences as well as promote Motech's image by focusing even more on public welfare activities.'

Dr. Peng-Heng Chang, new Chairman of Motech, says 'Motech is the pioneer and first PV company in Taiwan. Three formal chairmen had already built a solid foundation for Motech. I appreciate the long term supports and recognitions from the Board of Directors. Assuming the position of Chairman means the beginning of another great responsibility. I shall do my best to tackle the challenges ahead and, together with the management team, to create a new era for Motech. We will continue to focus on solar related field as our core business. Motech will enhance its research and development in process technologies to provide high quality products and services to global customers. We will also strengthen Motech's leadership position in worldwide PV industries. We shall care more about the employee welfare, increase shareholders' values, enhance Motech social responsibility that general public expected, such as carbon reduction, fulfill Motech's mission on working towards a sustainable environment.'

Motech started off as an electronic equipment testing company in 1981 by Mr. Yung-Hui Tseng and seven other founders. For the past 35 years, Yung-Hui Tseng and Motech's founder, Mr. Fu-Tien Cheng, had witnessed the changes and revolutions within Motech. Now, Motech has transformed to a world-class international solar company, playing a vital role of developing the world's new energy industry. During these years, Mr. Yung-Hui Tseng was the General Manager for Motech Instrument Business Unit, Motech Vice Chief Executive Officer, Motech Vice Chairman and in 2013 appointed as Motech Chairman. Mr. Yung-Hui Tseng is well-experienced and familiar with the Company's culture, value, operation and management, as well as other areas related to Motech's business. In his new role as Honorary Chairman, Mr. Yung-Hui Tseng will continue to ensure company's sustainable development and commitments to social responsibility.

Dr. Peng-Heng Chang, the newly-elected Chairman of Motech was appointed as Chief Executive Officer of Motech in March 2010. Dr. Chang has in-depth knowledge of materials engineering and has over 30-year experiences in management at multinational technology companies. In addition to the impeccable academic background, Dr. Chang also possesses solid knowledges of PV industry. With his in-depth understanding of cross countries policies, as well as business challenges of PV industries, Dr. Change will lead the newly appointed Board of Directors and management team to expand Motech's business worldwide and open up a new era in Taiwan green energy development.

About Motech Industries, Inc.

Motech Industries, Inc. was founded in 1981 as a designer and manufacturer of test and measurement instruments. The company entered into solar cell production in 1999, and is a pioneer in the manufacturing and marketing of high-quality mono- and poly-crystalline silicon solar cells in Taiwan. Today, the company is a global solar company and one of the world's top solar cell manufacturers in terms of production capacity and output. MOTECH is a publicly traded company on Taiwan's Over-the-Counter (OTC) market with the trading code 6244. For more information about MOTECH please visit http://www.motechsolar.com .

PRESS CONTACT

MOTECH Industries Inc.

Jack Hsieh - Chief Financial Officer & Spokesperson /+886-6-5050789*0570

jack_hsieh@motech.com.tw

South Taiwan Science Park - No.2, Da-Shun 9th Road, Hsin-Shi, Tainan, 74145, Taiwan

MOTECH Industries Inc.

Selena Lin -Director & Deputy Spokesperson /+886-6-5050789*0589

selena_lin@motech.com.tw

South Taiwan Science Park - No.2, Da-Shun 9th Rd., Hsin-Shi, Tainan, 74145 Taiwan

Motech Industries Inc. published this content on 14 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 June 2016 14:29:04 UTC.

Original documenthttp://www.motech.com.tw/en/latestnews_20160614.php

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