The board of directors of Universal Technologies Holdings Limited announced that Ms. Zhu Fenglian has been appointed as an executive director of the company with effect from 19 May 2016. Mr. Zhu was formerly the chairperson of Guangdong Boxin Investment Holdings Limited from March 2010 to April 2016. Ms. Zhu is currently the director of Guangdong Golden Dragon Development Inc., the chairperson of Dongguan New Century School, the director and general manager of Qinghui Properties Limited, the director of Qingyuan Water Supply Development Company Limited, the director of Dongguan Hongshun Shiye Development Company Limited and the director of the following companies: Dongguan Jinshun Real Estate Investment Limited, Dongguan Jincheng Real Estate Investment Limited, Dongguan Yuhe Shiye Limited, Dongguan Securities Limited, Zhongshan Securities Co. Ltd., Hooray Securities Limited, Hooray Capital Limited and Hooray Asset Management Limited.