UTStarcom Holdings Corp. announced changes to the Board of Directors and appointed Dr. Yong Wang as the company?s new independent director, effective Mar. 21, 2024.

Dr. Jintong Lin resigned from the Company?s board of Directors, as well as the chairman of the Company?s Nominating and Corporate Governance Committee, member of Audit Committee and Compensation Committee on Mar. 21, 2024, which he had held since September 2019. Dr. Yong Wang was appointed as an independent director of the Company and the positions in various committees vacated by Dr. Lin, effective Mar.

21, 2024. Dr. Wang is currently a professor at the School of Civil, Commercial and Economic Law of China University of Political Science and Law. He is the vice president of the China Commercial Law Research Association and one of the founders of Beijing Hongfan Jiuzhou Consulting Co.

Ltd. He also serves as an independent director of Tongding Interconnection Information Co. Ltd. since November 2023, and an independent director of Beijing Capital Eco-Environment Protection Group Co. Ltd. since January 2024.

In addition, Dr. Wang serves as the chairman of the board of supervisors of SPD Silicon Valley Bank Co. Ltd. since March 2023, and an independent director of Huaneng Guicheng Trust Co. Ltd.Dr. Wang has been teaching at China University of Political Science and Law since 1999.

Mr. Wang earned a bachelor degree in Education from China Youth University of Political Studies in 1990, a master degree in Economic Law from Nanjing University in 1996, and a doctorate degree in Civil and Commercial Law from China University of Political Science and Law in 1999.