Universal Technologies Holdings Limited — Board/Management Information 2011

Feb 23, 2011

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED 環球實業科技控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1026)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR, AUDIT COMMITTEE MEMBER AND REMUNERATION COMMITTEE MEMBER AND APPOINTMENT OF EXECUTIVE DIRECTOR

Resignation of Mr. Wan Xieqiu

The board of directors (the “Board”) of Universal Technologies Holdings Limited (the “Company”) hereby announces that with effect from 23 February 2011, Mr. Wan Xieqiu (“Mr. Wan”) resigned as an independent non-executive director, audit committee member and remuneration committee member of the Company due to his other business commitments. Mr. Wan has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company. The Board would like to thank Mr. Wan for his valuable contributions to the Company during his tenure of service from 12 December 2002.

Appointment of Mr. Chang Hung Lun

The Board also announces that with effect from 23 February 2011, Mr. Chang Hung Lun (“Mr. Chang”) has been appointed as an executive director of the Company.

Mr. Chang, aged 40, has years of management working experience gained from multinational companies. Mr. Chang joined the Company in 2007 and has been the Vice President in the Company for more than three years.

As at the date of this announcement, Mr. Chang has the following interests in the share options granted by the Company:

Date of grant	Subscription	Period during which	Number of shares
	price per Share	options outstanding	subject to the
		are exercisable	options
09 April 2010	HK$0.39	09 April 2010 to	6,000,000
		08 April 2012
31 August 2010	HK$0.36	31 August 2010 to	8,270,000
		30 August 2013

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Currently, Mr. Chang is also a director and general manager of one of our subsidiaries of the Company, namely Universal Investment China Limited. Moreover, Mr. Chang is also a director of several subsidiaries of the Company, namely Hyle Maestro Wooding (Shanghai) Limited, Universal Technologies (Hong Kong) Limited, Universal Enterprise Investment Holdings Limited and Universal Enterprise Resources Limited. Mr. Chang does not hold directorship in other listed companies as at the date of this announcement or in the past three years. Mr. Chang does not have any other relationship with any directors, senior management, management shareholders, substantial shareholders or controlling shareholders of the Company. Save as aforesaid, Mr. Chang has no interest in the securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Mr. Chang was appointed as an executive director by way of a director’s service agreement for an initial term of two years and shall continue thereafter subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. Apart from his annual salary of HK$432,000 and a discretionary bonus as the Vice President of the Company, Mr. Chang is entitled to director’s fee of HK$60,000 per annum which was determined on arm’s length negotiation between the parties with reference to prevailing market conditions.

Save as disclosed above, in relation to the appointment of Mr. Chang, the Board is not aware of any information that ought to be disclosed pursuant to the requirements under Rules 13.51(2)(h) to (v) of the Listing Rules, nor are there any other matters that ought to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to welcome Mr. Chang to join the Board.

By Order of the Board of UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED Lau Yeung Sang Chairman

Hong Kong, 23 February 2011

As at the date of this announcement, the Board comprises:

Executive Directors:

Mr. Lau Yeung Sang Mr. Liu Ruisheng Madam Luan Yumin Madam Ren Lili Mr. Chang Hung Lun

Non-Executive Director:

Mr. Chow Cheuk Lap

Independent Non-Executive Directors:

Mr. Meng Lihui Mr. Fong Heung Sang Mr. Liu Ji

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