The Board of Universal Technologies Holdings Limited announced that on 28 June 2024 (after the conclusion of the AGM), Mr. Xuan Zhensheng was re-designated from a non-executive Director to an executive Director of the Company with immediate effect. Mr. Xuan, aged 54, was appointed as a non-executive Director of the Group on 23 April 2018. Mr. Xuan obtained a diploma in Economics Management in the PRC, and specialty in accountant qualifications issued by the Ministry of Personnel of PRC.

Mr. Xuan is the director of a number of subsidiaries of the Company, including Universal Cyberworks International Ltd., Leading International Group Inc., Wayland Asia Pacific Estate Ltd., Billion Champ Corporation Limited, International Payment Solutions (Hong Kong) Limited, Ease2Pay Limited, Universal Technologies (Hong Kong) Limited, Universal Technologies Investment Limited, Universal Property Holdings Limited, Universal Technologies Capital Holdings Limited and Universal Technologies Credit Limited, and a supervisor of Shenzhen Huanye Universal Technologies Limited. Mr. Xuan is currently (i) a non-independent director Of Guangdong Golden Dragon Development Inc. (ii) a director and general manager of Dongguan New Century Science and Education Development Limited (a company in which Ms. Zhu and her family own shareholding interest); and (iii) a supervisor of Dongguan Yuhe Industrial Co. Ltd. (a company in which Ms. Zhu and her family own shareholding interest).

Mr. Xuan was previously (i) a director and the financial controller and the board secretary of Jiangsu Boxin Investment Holdings Limited and (ii) a director and the chairman of supervision committee of GD. Ms. Zhu, a substantial shareholder and an executive Director of the Company, and her family own shareholding interest in GD through New Century.