Effective December 1, 2021, Wayne Tsao resigned from his positions as Chief Executive Officer of Universal Global Hub Inc. Effective December 1, 2021, Ann Peng, age 29, was appointed by the Board to serve as the Company's Interim Chief Executive Officer until such time as Wayne Tsao's successor is determined. Throughout Ms. Peng's 8+ years of professional experiences in the marketing, supply chain and banking sectors, she has been mainly involved in managing relationships and coordinating partnerships in the capacity from executive assistance to strategic decision participation. Ms. Peng is currently working at a 600M+ net worth private equity firm (New York based family office) in which Ms. Peng focuses on managing lending related businesses, as well as exploring the opportunities to integrate fintech technology.

No compensation agreement has been entered into between the Company and Ms. Peng.