EHang Announces New Regionalized Marketing Management Team and Changes to Board Composition

EHang Holdings Limited, the world’s leading autonomous aerial vehicle technology platform company, today announced the appointment of a new regionalized marketing management team. Mr. Edward Xu, the Company’s Chief Strategy Officer, will lead the marketing activities outside of Europe, and Mr. Andreas Perotti, Chief Marketing Officer of EHang Europe, will lead the marketing activities in Europe. EHang has established an international team in Europe to further enhance its local presence and operations, which is a part of the Company’s strategic expansion initiative as a global AAV technology company.

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Prior to joining EHang, Mr. Xu served as the Head of Asia Transportation Research at Morgan Stanley Asia Limited. During his 15-year career as an equity research analyst at Morgan Stanley, he covered the aviation, transportation and logistics industries extensively and developed deep insights and relationships in these industries in Asia.

Mr. Perotti has over a decade of extensive international marketing and communications experience with senior marketing roles in the aviation industry, government and telecom sectors, including the European Parliament, Telekom Austria Group, FACC AG, and more.

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Meanwhile, Mr. Derrick Xiong has resigned from his positions as the Company’s Chief Marketing Officer and director. Mr. Xiong’s resignation is for personal reasons and will become effective on July 27, 2020. After this change, the Company’s board of directors (the “Board”) will consist of a majority of independent directors.

“On behalf of the Board and management team, I would like to express our sincere appreciation to Derrick for his dedication and tremendous contributions to EHang. We wish him great success in his future endeavors,” said Mr. Huazhi Hu, EHang’s Founder, Chairman of the Board and Chief Executive Officer. “We believe the new regionalized marketing management team with their strong expertise and international capabilities will bolster our marketing capabilities globally. By leveraging local talent, we will be able to offer customized solutions that address specific local market needs. We are confident that EHang will continue to be a global leader in our industry.”

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