UTStarcom Announces Change to its Board of Directors
UTStarcom (NASDAQ: UTSI) announced the resignation of Dr. Zhaochen Huang from its Board of Directors, effective December 31, 2021. Dr. Huang will transition to focus on business development as the president of UTStarcom Japan. The company expressed gratitude for Dr. Huang's contributions and emphasized his future role in strengthening relationships with key partners in Japan. Established in 1991, UTStarcom specializes in telecommunications infrastructure and operates globally, with a significant focus on markets including Japan, India, and China.
- Dr. Huang's new role is expected to strengthen partnerships in Japan.
- The company continues to focus on innovative communication services.
- Loss of Board member may create continuity concerns.
- Potential experience gap in the Board may affect strategic decisions.
HUANGZHOU, China, Aug. 13, 2021 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced that Dr. Zhaochen Huang has rendered a resignation from his position as a member of the Board of Directors (the “Board”) of UTStarcom, effective December 31, 2021 and he will focus on business development as the president of UTStarcom Japan.
“I would like to thank Dr. Huang for his contributions to the Board with his rich experience in telecom technology sector and deep knowledge of our business”, said Mr. Ning Shan, Chairman of the Board, “I believe Dr. Huang will help the Company to strengthen our long-term and strategic relationship with our key partners in Japan.”
About UTStarcom Holdings Corp.
UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan, India and China. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit http://www.utstar.com.
For investor and media inquiries, please contact:
UTStarcom Holdings Corp.
Tel: +86 571 8192 8888
Ms. Ning Jiang, Investor Relations
Email: utsi-ir@utstar.com / njiang@utstar.com /
In the United States:
The Blueshirt Group
Mr. Ralph Fong
Tel: +1 (415) 489-2195
Email: ralph@blueshirtgroup.com
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