UTStarcom Holdings Corp. announced that Mr. Xiaoping Li resigned from his position as a member of the Board of Directors of UTStarcom. His resignation also vacates positions on the Audit Committee, the Compensation Committee, and Chairman of the Nominating and Corporate Governance Committee. His resignation is effective as of November 21, 2017. Following Mr. Li's resignation, Ms. Wendong Zhang was appointed as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board. Ms. Zhang is the designee for Beijing E-town International Investment Development Co. Ltd., pursuant to the stockholders rights agreement entered into by and between the Company and BEIID on February 1, 2010. In addition, Mr. Hongliang Lu, currently an independent director of the Company and Chairman of the Compensation Committee, was appointed to serve as Chairman of the Nominating and Corporate Governance Committee of the Board. Since 2015, she has been the assistant to the general manager of Beijing E-town International Investment & Development Co. Ltd., as well as to the leaders of its subsidiaries. Before that, she had various management roles at Beijing E-town, Orient Cultural Asset Management Co. Ltd. and Sheng Andi Investment Management Consulting Co. Ltd.