Universal Technologies Holdings Limited — Capital/Financing Update 2017

Mar 17, 2017

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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)

CONNECTED TRANSACTION – EXTENSION OF LONG STOP DATE

Reference is made to the announcement (the “ Announcement ”) of Universal Technologies Holdings Limited (the “ Company ”) dated 20 September 2016 in relation to the acquisition of the entire issued share capital of Hooray Asset Management Limited by the Purchaser (a wholly-owned subsidiary of the Company) from the Vendor. Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as defined in the Announcement.

As disclosed in the Announcement, the Long Stop Date for the fulfillment or waiver of the conditions precedent to Completion of the Acquisition Agreement is 19 March 2017 (or such later date as the parties may mutually agree). On 17 March 2017, the Purchaser and the Vendor agreed in writing to extend the Long Stop Date to 19 June 2017. Save as the aforesaid extension of the Long Stop Date, all other terms of the Acquisition Agreement shall remain unchanged and continue in full force and effect.

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

Hong Kong, 17 March 2017

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.