Item 5.02     Departure of Directors or Certain Officers; Election of Directors;
             Appointment of Certain Officers; Compensatory Arrangements of Certain
             Officers

Effective December 1, 2021, Wayne Tsao resigned from his positions as Chief Executive Officer, President, Director and Interim Chief Financial Officer of Universal Global Hub Inc. (the "Company"). Mr. Tsao's resignation is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Effective December 1, 2021, Ann Peng, age 29, was appointed by the Board to serve as the Company's Interim Chief Executive Officer, Interim President, Interim Chief Financial Officer and Interim Director until such time as Wayne Tsao's successor is determined.

Throughout Ms. Peng's 8+ years of professional experiences in the marketing, supply chain and banking sectors, she has been mainly involved in managing relationships and coordinating partnerships in the capacity from executive assistance to strategic decision participation. Ms. Peng is currently working at a 600M+ net worth private equity firm (New York based family office) in which Ms. Peng focuses on managing lending related businesses, as well as exploring the opportunities to integrate fintech technology. No compensation agreement has been entered into between the Company and Ms. Peng.

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