HONG KONG, Aug. 12, 2020 (Globe NEWSWIRE) — UCLOUDLINK Team INC. (“uCloudlink” or the “Company”) (NASDAQ: UCL), the world’s first and primary cellular facts traffic sharing market, right now declared the recent appointment of Mr. Xinquan (Victor) Xu as Co-Chief Profits Officer. Mr. Xu possesses sturdy monitor record in controlling the conclude to stop item cycle from advancement to strategic international promoting of buyer merchandise this sort of as mobile telephone solutions, in addition to his substantial and deep cross-business qualifications and expertise this kind of as the web, telecommunications, cell mobile phone industries. He previously held senior govt roles in many renowned corporations which include Huawei Technologies and JD.com, Inc. Mr. Xu been given his bachelor’s diploma in Electrical Engineering from Tsinghua College and his master’s degree in Synthetic Intelligence and Robotics from Bauman Moscow Condition Technological College. Mr. Xu received his honorary doctorate’s degree in Telecom Economics from Moscow State Aviation Institute. Mr. Xu is an academician of Intercontinental Telecom Academy. Mr. Wen Gao will continue on to serve as the Company’s Main Income Officer right up until December 31, 2020, and Mr. Xu will turn into the Chief Sales Officer of the Business on January 1, 2021.

“We are delighted to welcome Victor to our uCloudlink relatives,” explained Chaohui Chen, Director and CEO of uCloudlink. Victor’s substantial global experience and verified observe report in the net, telecommunications and cell mobile phone industries make him an invaluable useful resource for us in expanding our world-wide info traffic sharing platform. His appointment strategically elevates our income, marketing and advertising and client engagement initiatives to improved meet up with the expanding desire for our ground breaking higher-tech expert services and products and solutions all-around the entire world. I am self-confident by drawing on his several years of cross-business experience, world-wide viewpoint and potent product sales administration techniques, Victor will carry strategic price to our teams and drive growth in crucial places of our growth. We are content to have a man or woman of his caliber and expertise becoming a member of uCloudlink.”

“I entirely acknowledge and accept uCloudlink’s vision and philosophy and I am enthusiastic to lover with the senior group in redefining the cellular facts connectivity expertise by means of Cloud SIM know-how and architecture,” commented Victor Xu. “It is an honor to be section of the endeavours furnishing value and companies to the two end users and carriers with much better network top quality and connection at any time, enabling not just “connected” but “superior connection”. We are at an fascinating place in record and on the launch pad of a new era in cellular info connectivity. I appear forward to setting up upon the Company’s present successes and bringing my profits and administration expertise as well as multi-market and multi-national qualifications to uCloudlink as we proceed to capture the big worldwide sector option.”


uCloudlink is the world’s initially and major cell info traffic sharing marketplace, pioneering the sharing economic system business product for the telecommunications marketplace. The Company’s solutions and expert services deliver special price propositions to cell info end users, handset and good-hardware corporations, cell virtual network operators (MVNOs) and cell community operators (MNOs). Leveraging its modern cloud SIM technologies and architecture, the Enterprise has redefined the cellular info connectivity experience by enabling users to attain entry to mobile knowledge traffic allowance shared by network operators on its marketplace, all whilst offering reliable connectivity, high speeds and aggressive pricing.

For more information, you should stop by: http://ir.ucloudlink.com

Harmless Harbor Statement

This announcement consists of forward-seeking statements. These statements are produced under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-hunting statements can be discovered by terminology this kind of as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and very similar statements. Amongst other matters, the economic steering and quotations from management in this announcement, as perfectly as uCloudlink’s strategic and operational ideas, contain ahead-wanting statements. uCloudlink might also make penned or oral forward-on the lookout statements in its periodic reports to the U.S. Securities and Trade Commission, in its yearly report to shareholders, in press releases and other created materials and in oral statements made by its officers, administrators or employees to 3rd parties. Statements that are not historic info, such as but not confined to statements about uCloudlink’s beliefs and expectations, are ahead-on the lookout statements. Ahead on the lookout statements involve inherent dangers and uncertainties. A selection of things could lead to real outcomes to differ materially from those people contained in any forward-on the lookout statement, like but not limited to the subsequent: uCloudlink’s techniques uCloudlink’s upcoming organization improvement, monetary problem and final results of functions uCloudlink’s capacity to increase its user foundation and use of its cell details connectivity companies, and strengthen operational efficiency levels of competition in the international cellular details connectivity provider market variations in uCloudlink’s revenues, fees or expenses governmental policies and laws relating to the international mobile information connectivity services market, common economic and business enterprise ailments globally and in China the impression of the COVID-19 pandemic to uCloudlink’s business enterprise operations and the economy in China and elsewhere generally and assumptions fundamental or related to any of the foregoing. Even more details regarding these and other challenges is provided in the Company’s filings with the Securities and Exchange Commission. All data offered in this push release and in the attachments is as of the date of the push launch, and uCloudlink undertakes no responsibility to update these data, besides as expected less than relevant law.

For investor and media inquiries, make sure you get hold of:

In China:

Bob Shen
Tel: +852-2180-6111
E-mail: [email protected]

The Piacente Group, Inc.
Yang Tune
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In the United States:
The Piacente Team, Inc. 
Brandi Piacente
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E-mail: [email protected]