Unigroup Appoints Dr. Leo Li as Co-President

BEIJING, Nov. 19, 2017 /PRNewswire/ -- Tsinghua Unigroup Co., LTD ("Unigroup") today announced the appointment of Dr. Leo Li to the position of Co-President of Unigroup, working directly with Unigroup Chairman Mr. Weiguo Zhao on business expansion as well as planning and implementing of key investment projects in the chip design area. Mr. Xuezhong Zeng will succeed Dr. Li as CEO of Spreadtrum Communications ("Spreadtrum"), while Dr. Li will continue in his role as Chairman of Spreadtrum .

Dr. Li has over 30 years of working experience in the wireless communication field. Under his leadership, Spreadtrum has made great progress in multiple fields, including technology, product development and market development. The new appointment of Dr. Li is in line with Unigroup's core talent strategy of integrating resources, which will effectively help realize Unigroup's 'Chip to Cloud' strategy, supporting company's strategy of chip design so as to improve its competitiveness in chip industry.

With Dr. Li's promotion, Unigroup has appointed Mr. Xuezhong Zeng as CEO of Spreadtrum. With a distinguished career and years of demonstrated business experience in ICT industry, Mr. Zeng is a strong leader, especially in integrating resources and motivating teams. He has successfully led business transformation, product innovation, research and development of intelligent technology in the terminal products market. He also has deep insights on the new technology trends.

As CEO, Mr. Zeng will take the overall responsibilities for Spreadtrum's business operations. Under the Unigroup's core business strategy, he will play a critical role in cultivating relationships to deliver value to clients by leveraging Spreadtrum's resources and capabilities as well as the overall advantages of the Unigroup. Meanwhile, Mr. Zeng will focus on more deeply motivating the organization and talents. He will lead the team to drive business performance through continuous innovation, building Spreadtrum as a global chip leader in the new era of 5G, and accelerating China's development in the integrated circuit industry.

SOURCE Tsinghua Unigroup Co., LTD