DASAN Zhone Solutions Announces New Finance and Investor Relations Addition

Oakland, Calif. — January 29, 2018 — DASAN Zhone Solutions, Inc. (NASDAQ: DZSI), a global leader in network access solutions, announced the hiring of Pei Hung to the newly created position of Vice President, Finance and Investor Relations. Ms. Hung brings more than 12 years of deep finance experience across investment banking, capital markets structuring and credit investing.

“As we move into 2018, we’ve expanded key areas of the business and continue to invest in building a world-class executive team with an important step being the recent appointment of Michael Golomb as our CFO,” said Yung Kim, CEO, DASAN Zhone Solutions. “Ms. Hung will use her unique combination of engineering and technology advisory experience to ensure that we make the right investments to scale profitably. In her investor outreach role, Ms. Hung will be communicating our successes to the investor community.”

Prior to DASAN Zhone Solutions, Ms. Hung was most recently Executive Director in the Technology group at UBS Investment Bank. While at UBS, she advised public and private technology companies, including high growth TMT and SaaS companies, on equity offerings (IPOs and follow-ons), debt financings (balance sheet restructurings and recapitalizations), and mergers and acquisitions. Prior to UBS, Ms. Hung was a credit investor with MetLife Investments and Columbus Nova Partners, where she evaluated and underwrote debt transactions. Ms. Hung has a bachelor’s degree in Mechanical Engineering from Caltech and an MBA from the Wharton School at the University of Pennsylvania.

About DASAN Zhone Solutions

DASAN Zhone Solutions, Inc. (NASDAQ: DZSI) is a global leader in network access solutions for service provider and enterprise networks. The company provides a wide array of reliable, cost-effective networking technologies—including broadband access, Ethernet switching, Passive Optical LAN, and software-defined networks—to a diverse customer base that includes more than 1,000 of the world’s most innovative network operators. DASAN Zhone Solutions is headquartered in Oakland, California, with operations in more than 50 countries worldwide.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding future events or our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. We use words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions to identify forward-looking statements. In addition, statements that refer to anticipated performance of products or services; plans, objectives and strategies for future operations; and other characterizations of future events or circumstances, are forward-looking statements. Readers are cautioned that actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause such a difference include, but are not limited to, our ability to generate sufficient revenue to achieve or sustain profitability; our ability to raise additional capital to fund existing and future operations or to refinance or repay our existing indebtedness; defects or other performance problems in our products; commercial acceptance of our products and services; our ability to successfully develop, introduce and sell new technologies, products and services; changes in the global business environment and economic conditions; changes in relationships with, or the financial condition of, key customers or suppliers; intense competition in the communications equipment market from large equipment companies as well as private companies with products that address the same networks needs as our products; higher than anticipated expenses that we may incur; and other risk factors contained in our SEC filings available at www.sec.gov, including  our Forms 10-K, 10-Q and 8-K.  Readers are cautioned not to place undue reliance upon any forward-looking statements. The forward-looking statements contained in this press release speak only as of the date of this release and we undertake no obligation to revise or update any forward-looking statements for any reason.

Additional Contact Information

DASAN Zhone Investor Relations
Pei Hung
+1 510.777.7386
+1 510.777.7001
DASAN Zhone Strategic Communications
Matt Glover or Najim Mostamand
+1 949.574.3860