The Board of Universal Technologies Holdings Ltd. announced that with effect from 16 September 2013, the appointment of Mr. Chau Cheuk Wah as Executive Director, Ms. Fan Man Yee Alice as Non-executive Director and Mr. Chao Pao Shu George as Independent Non-executive were approved by the shareholders at the EGM. Mr. Chao was also appointed as a member of the Audit Committee, Remuneration Committee and Nomination Committee of the company. Mr. Chau, aged 59, is the Chief Executive Officer of the company.

Mr. Chau has 35 years of experience in banking and finance in Hong Kong, China, Singapore and Malaysia with various global financial institutes. Ms. Fan had extensive experience in the commercial litigation area. Ms. Fan has joined Messrs.

C.L. Chow & Macksion Chan, Solicitors since February 2009 and is specialized in the area of commercial and civil litigation. Presently, Mr. Chao is also working as an Air Traffic Control Specialist in Middle South Region of CAAC. The Board announced that with effect from 16 September 2013, Mr. Chow Cheuk Lap was re-designated as an Executive Director.

Mr. Chow has more than 20 years experience in civil litigation and commercial matters. Mr. Chow is currently a partner of Messrs. C.L. Chow & Macksion Chan, Solicitors.

The Board further announced that with effect from 16 September 2013, Mr. Chen Runqiang resigned from his office as the Chairman of the company but continues to serve the company as an executive director. Mr. Chen Jinyang was appointed as the Chairman of the company. Mr. Chen Jinyang, aged 42, has substantial experience and knowledge of banking industry and investment business in the PRC.

He was appointed as the Vice President in the Company on 26 September 2012. The shareholders of the company approved the proposal to remove Mr. Zhou Jianhui, Mr. Chen Jinyang, Mr. Chow Cheuk Lap, Mr. David Tsoi, and Mr. Chan Chun Kau from the Board of Directors.