u-blox announced that Mr. Fritz Fahrni, Chairman of the Board, for reason of his age will not present himself as a candidate for re-election as a Board Member at the forthcoming Annual General Assembly on 24th of April 2018. Mr. Andr- M-ller, member of the Audit Committee, will be proposed for election as Chairman of the Board at the Annual General Assembly. Mr. Ulrich Looser will be proposed for election as non-executive director to join the Board of u-blox Holding AG. Mr. Looser has vast experience in private equity investments and consultancy. Prior to founding Berg Looser Rauber & Partners in 2009, he was managing director at Accenture from 2001 -2009, after a career at McKinsey & Company (1987 - 2001). Mr. Looser holds a master's degree in physics from ETH Zurich and a master's degree in economics from the University of St. Gallen. Mr. Looser is a board member of Kardex Group, Straumann Group as well as LEM, and is a member of various associations and foundations.