UTStarcom Holdings Corp. announced that Dr. Zhaochen Huang, who has served as the Company’s Acting Chief Executive Officer, has been appointed as Chief Executive Officer of the Company. Mr. Tim Ti resigned as Chief Executive Officer and as a member of the Company’s Board of Directors due to personal reasons on December 31, 2020. Mr. Ti has served as the Company’s Chief Executive Officer and as a member of UTStarcom’s Board of Directors since January 2016. Dr. Zhaochen Huang joined the Company in 2011 and has thirty years of business and management experience with various companies. He previously served as the Company’s Acting Chief Executive Officer, Chief Operating Officer, Senior Vice President of Sales and Business Development for Japan and Korea, Vice-President of Global Operations and General Manager of UTStarcom India.