Universal Technologies Holdings Limited — M&A Activity 2017

Jun 14, 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)

COMPLETION OF THE ACQUISITION OF HOORAY ASSET MANAGEMENT LIMITED

References are made to the announcements (the ‘‘Announcements’’) of Universal Technologies Holdings Limited (the ‘‘Company’’) dated 20 September 2016 and 17 March 2017 in relation to the acquisition of the entire issued share capital of Hooray Asset Management Limited (the ‘‘Target Company’’). Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as defined in the Announcements.

COMPLETION OF THE ACQUISITION

The Board is pleased to announce that completion of the Acquisition Agreement took place on 14 June 2017. Following the completion, the Target Company has become an indirect wholly-owned subsidiary of the Company, and the financial results of the Target Company will be consolidated into the consolidated financial statements of the Company.

By order of the Board

UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED Chen Jinyang Chairman

Hong Kong, 14 June 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.