The board of directors of Universal Technologies Holdings Limited announced that Mr. Zhou Jianhui has informed the company that he will not stand for re-election at the forthcoming annual general meeting of the company scheduled to be held on 29 June 2018 (the "2018 AGM") and will retire as an Executive Director after the conclusion of 2018 AGM due to his intention to devote more time on pursuance of his other business commitment. The Board further announced that with effect from 23 April 2018, Ms. Zhang Haimei, currently a Non-Executive Director of the company, was re-designated as an Executive Director of the Company. The Board also announced that Mr. Xuan Zhensheng was appointed as a Non- Executive Director of the company with effect from 23 April 2018. Mr. Xuan is currently a director and general manager of New Century (a company in which Ms. Zhu and her family own shareholding interest) and a supervisor of Dongguan Shi Yuhe Shiye Limited (a company in which Ms. Zhu and her family own shareholding interest).