UTStarcom announced the appointment of Mr. Ning Shan, a TDI nominee, as the Chairman of the Board and a non-independent director of the Company, effective May 19, 2021. Mr. Shan brings more than 30 years of experience in Telecommunication and Engineering Industries. Mr. Yongqing Yan resigned from the positions of Chairman of the Board and Director, which he had held since September 2019. Mr. Yan will be a consultant to UT through August 31, 2021 to support a smooth transition. Before joining UTStarcom, he served as Vice Chairman of Hangzhou Yi Yi Tai Di Information Technology Co. Ltd.