Universal Technologies Holdings Limited — Capital/Financing Update 2016

Dec 23, 2016

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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)

COMPLETION OF DISPOSAL OF 51%OF THE ISSUED SHARE CAPITAL OF INTERNATIONAL PAYMENT SOLUTIONS HOLDINGS LIMITED

Reference is made to the circular (the “ Circular ”) of Universal Technologies Holdings Limited (the “ Company ”) dated 30 November 2016 in relation to the disposal of 51% of the issued share capital of International Payment Solutions Holdings Limited (the “ Target Company ”) and notice of EGM of the Company (the “ Notice ”). Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as defined in the Circular.

COMPLETION OF THE DISPOSAL

Further to the Company’s announcement dated 16 December 2016 in relation to the poll results of the EGM, the Company is pleased to announce that the condition precedent to the Sale and Purchase Agreement was fulfilled, and that Completion took place on 23 December 2016.

By order of the Board UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED Chen Jinyang Chairman

Hong Kong, 23 December 2016

As at the date of this announcement, the Board of Directors of the Company comprises four executive Directors namely Mr. Chen Jinyang (Chairman), Mr. Chau Cheuk Wah (Chief Executive Officer), Mr. Zhou Jianhui and Ms. Zhu Fenglian; one non-executive Director namely Ms. Zhang Haimei; and three independent non-executive Directors namely Dr. Cheung Wai Bun, Charles, J.P., Mr. David Tsoi and Mr. Chao Pao Shu George.