UTStarcom Holdings Corp. announced changes to its board of directors resulting from the sale of 9.2 million shares by Shah Capital Opportunity Fund and Mr. Hong Liang Lu (“Selling Shareholders”) to Tongding Interconnection Information Co. Ltd. Mr. Himanshu Shah and Mr. Hong Liang Lu resigned from their positions as Chairman of the Board and Director, respectively. Also, TDI nominees Mr. Yongqing Yan and Mr. Jintong Lin were appointed as Chairman of the Board and an independent director, respectively.