Corporate Information

Company Introduction

We are a provider of comprehensive electric vehicle (“EV”) battery-swapping solutions with a vision of becoming a smart energy grid solutions provider.

U Power is a comprehensive provider of electric vehicle (EV) battery swapping solutions using its proprietary modular battery-swapping technology, UOTTA™. U Power.

manufactures and sells different models of UOTTA battery-swapping stations for EVs, and sells and rents battery swap cabinets to two-wheeled vehicle drivers. U Power also provides battery-swapping services for vehicle drivers and station control system upgrading services for battery-swapping station owners.

Through investments in next-generation technologies, U Power’s vision is to become a comprehensive solutions provider for smart energy grids. Expanding on its UOTTA.

technology platform, the Company is investing in building intelligent ecosystems that integrate resilient AI driven solutions able to transform electric vehicles (EVs) into dynamic energy assets.

UOTTA Unique Advantages:

No mileage anxiety or long waiting time, 3-6 minute fast automatic battery swapping.

Less infrastructure restrictions, power grid friendly, reduce capacitor expansion costs, and high land utilization rate.

Significantly improve operational efficiency and increase comprehensive income.

Every swap is a quality and performance check, ensures driving safety.

Management Team

+ Jia Li Chief Executive Officer, Director, and Chairman of the Board of Directors: Mr. Li has served as the Chairman of the Board of Directors and Chief Executive Officer of the Company since June 2021. Mr. Li founded our operative subsidiary, Youpin Automobile Service Group Co., Ltd., in July 2013, and has served as Executive Director of Youpin Automobile Service Group Co., Ltd. since May 28, 2014. Mr. Li has over 20 years of business experience in sales and marketing, and over 15 years in management in the automotive industry and the financial industry. From January 2011 to November 2013, Mr. Li was the Vice President at SAIC-GMAC Automotive Finance Co., Ltd. From October 2009 to December 2010, Mr. Li served as the Vice President of Siemens Ltd., China, of its SIS North East Asia Financial Leasing services. From February 2009 to April 2009, Mr. Li worked at Hewlett-Packard Financial Leasing Co., Ltd. in China. Mr. Li holds a Master of Engineering degree in Computer Information Processing from Chinese Academy of Sciences, an Executive Master of Business Administration degree from Maastricht School of Management, and a Master of Finance from Renmin University of China.

+ Bingyi Zhao Chief Financial Officer and Director: Ms. Zhao has served as the Chief Financial Officer and a Director of the Company since February 2022. Ms. Zhao has over 10 years of experience in the financial sector. Ms. Zhao has served as the Chief Executive Officer of our operative subsidiary, Youpin Automobile Service Group Co., Ltd., since July, 2018. From November 2015 to April 2018, Ms. Zhao was the President of Investment Fund Division at Shanghai Huayue Equity Investment Management Co., Ltd, whose LP is a listed company in Hong Kong. From 2012 to 2014, Ms. Zhao served as the General Manager at Shanghai Kaihong Petroleum Holding Group, a member of the Shanghai Petroleum and Natural Gas Trading Center. From 2011 to 2012, Ms. Zhao was a Senior Consultant at the Plain Law Firm. From December 2008 to June 2010, Ms. Zhao worked at HSBC Bank (China) Company Limited. From April 2007 to October 2008, Ms. Zhao worked at Citigroup Data Processing (Shanghai) Co., Ltd. Ms. Zhao obtained her Bachelor’s degree in Finance from East China University of Political Science and Law in 2004.

Board of Directors

Name	Role
Jia Li	Chief Executive Officer, Director, and Chairman of the Board of Directors
Bingyi Zhao	Chief Financial Officer and Director
Xiaochun Li	Independent Director
Quanshi Chen	Independent Director
Jean Christophe von Pfetten	Independent Director

Jia Li

Chief Executive Officer, Director, and Chairman of the Board of Directors

Mr. Li has served as the Chairman of the Board of Directors and Chief Executive Officer of the Company since June 2021. Mr. Li founded our operative subsidiary, Youpin Automobile Service Group Co., Ltd., in July 2013, and has served as Executive Director of Youpin Automobile Service Group Co., Ltd. since May 28, 2014. Mr. Li has over 20 years of business experience in sales and marketing, and over 15 years in management in the automotive industry and the financial industry. From January 2011 to November 2013, Mr. Li was the Vice President at SAIC-GMAC Automotive Finance Co., Ltd. From October 2009 to December 2010, Mr. Li served as the Vice President of Siemens Ltd., China, of its SIS North East Asia Financial Leasing services. From February 2009 to April 2009, Mr. Li worked at Hewlett-Packard Financial Leasing Co., Ltd. in China. From August 1999 to January 2009. Mr. Li holds a Master of Engineering degree in Computer Information Processing from Chinese Academy of Sciences, an Executive Master of Business Administration degree from Maastricht School of Management, and a Master of Finance from Renmin University of China.

Bingyi Zhao

Chief Financial Officer and Director

Ms. Zhao has served as the Chief Financial Officer and a Director of the Company since February 2022. Ms. Zhao has over 10 years of experience in the financial sector. Ms. Zhao has served as the Chief Executive Officer of our operative subsidiary, Youpin Automobile Service Group Co., Ltd. since July 2018. From November 2015 to April 2018, Ms. Zhao was the President of Investment Fund Division at Shanghai Huayue Equity Investment Management Co., Ltd, whose LP is a listed company in Hong Kong. From 2012 to 2014, Ms. Zhao served as General Manager at Shanghai Kaihong Petroleum Holding Group, a member of the Shanghai Petroleum and Natural Gas Trading Center. From 2011 to 2012, Ms. Zhao was a Senior Consultant at the Plain Law Firm. From December 2008 to June 2010, Ms. Zhao worked at HSBC Bank (China) Company Limited. From April 2007 to October 2008, Ms. Zhao worked at Citigroup Data Processing (Shanghai) Co., Ltd. Ms. Zhao obtained her Bachelor’s degree in Finance from East China University of Political Science and Law in 2004.

Xiaochun Li

Independent Director

Ms. Li is an Independent Director. Ms. Li has over 20 years of experience in treasury management at international enterprises. Since October 2020, Ms. Li has served as the Director of Business Treasury at Nouryon Chemicals B.V., a global specialty chemicals company. From January 2007 to October 2007, Ms. Li served as the China Regional Treasurer of Nokia Siemens Networks. From October 2003 to November 2006, Ms. Li was Financial Treasury Manager at Siemens Financial Services Ltd. From May 2000 to September 2003, Ms. Li worked as a Senior Treasury Analyst at Hewlett-Packard Enterprise (China) Co., Ltd. Ms. Li holds a Bachelor’s degree in Accounting and Auditing from Shanghai University of Finance and Economics, and earned a Master’s degree in Business Administration at a program offered jointly by Shanghai Fudan University and BI Norwegian Business School.

Quanshi Chen

Independent Director

Mr. Chen is an Independent Director. Mr. Chen served as a Professor and PhD tutor at the College of Vehicles and Mobility, Tsinghua University from March 1970 to September 2010, and the honorary Director of the Electric Vehicle Branch of the Chinese Academy of Automotive Engineers since May 1997. Mr. Chen obtained his Bachelor’s degree in Automotive Engineering at Tsinghua University in March 1970, and served in the Department of Automotive Engineering from 1970 to 2010 in multiple roles, including the Department Chairperson from October 1994 to December 1997, the Deputy Director of the Automobile Research Institute at Tsinghua University from January 1998 to January 2004, and the Vice Dean of the School of Mechanical Engineering from July 1996 to September 2001. Mr. Chen also has served as the Director of the Electric Vehicle Branch of Chinese Society of Automotive Engineers from 1998 to October 2018, and the Deputy Director of Electric Vehicle Branch, Chinese National Automobile Standardization Technical Committee from October 1997 to December 2014. Mr. Chen served as the Deputy Director of the State Key Laboratory of Automobile Safety and Energy Conservation from July 2001 to December 2006. Mr. Chen has been serving as a Consultant for the Chinese National Automobile Standardization Technical Committee, Electric Vehicles Technology Sub-Committee since January 2015. His research focuses on the technological developments of electric vehicles, hybrid vehicles, and fuel cell vehicles. Mr. Chen has published over 30 papers in major national and international journals and conferences. Currently, Mr. Chen also serves as an Independent Director at Chongqing Changan Automobile Co., Ltd., a company listed on the main board of Shenzhen Stock Exchange, and Shenzhen Daotong Technology Co., Ltd., a company listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange.

Jean Christophe von Pfetten

Independent Director

Prof. Pfetten is an accomplished diplomat and academic who has served as Chairman of the Institute for East-West Strategic Studies since October 1997, visiting professor at People's University of China since September 1999, Chairman of Thornehope Limited (HK) since September 2001, and Bye-fellow of Emmanuel College (Cambridge University) since May 2015. He also served as a member of the board of the International Financial Bank (FinInt Italy) for three years from January 2019 to December 2022. Prof. Pfetten is the author of a book entitled "Insights from China: Leadership, Policy and New World Order" published in 2015, and more than thirty articles on Corporate Governance, Political Economics and International relations. He received a Bachelor of Science and a Master of Science (Physics and Chemistry) from the University of Strasbourg in 1988 and 1989, respectively, and a Dipl. Eng. in Geophysics from the Institut de Physique du Globe in 1990.

Board Committee Composition

Director	Audit Committee	Compensation Committee	Nominating and Corporate Governance Committee
Xiaochun Li	(1)	(1)	(1)
Quanshi Chen	(1)	(1)	(1)
Bo Lyu	(1)	(1)	(1)

(1) Committee member

(2) Committee chair

(3) Audit committee financial expert