The board of Universal Technologies Holdings Ltd. announced the appointment of Mr. Zhou Jianhui and Mr. Chen Jinyang as the executive directors of the company with effect from December 18, 2012. Mr. Zhou, is an executive Director. He has substantial experience and knowledge of financial management and investment business in the PRC.

He was previously a senior advisor of the company and has been the Vice President in the Company on September 26, 2012. Mr. Zhou had been a director, development strategy committee member and deputy general manager of Guangdong Golden Dragon Development Inc. until he resigned on February 28, 2011. Mr. Zhou had been a director and nomination committee member of Guangdong Booxin Investment holdings Co.

Ltd. until he resigned on 26 February 2011. Mr. Chen, is an executive Director. He has substantial experience and knowledge of banking industry and investment business in the PRC.

He has been the Vice President in the company on September 26, 2012.