UT to release corporate governance activities related shareholder equity statement

Beijing Time June 3 Evening News, UT Starkon (NASDAQ:UTSI) today issued a statement of shareholder equity, reiterated in the reorganization of a Caimas, Is. company's plan (the program will be through the UT and UT, a subsidiary of the) completed, UT's corporate governance activities are expected to remain in line with UT's current corporate governance activities.　　UT is headquartered in the United States Delaware State. Following the completion of the merger, UT is expected to qualify as a "foreign private issuer" under the Securities and Exchange Commission (SEC).　　UT will continue to follow the provisions of the 2002 Sabin Act, and will continue to follow the exchange's corporate governance and disclosure requirements as long as UT's common stock is listed on Nasdaq. According to the provisions of the 1934 Securities Trading Act Amendment, UT will be exempt from certain regulations, and if UT is still a company registered in the United States or otherwise unable to meet other conditions for becoming a foreign private issuer, it is subject to these regulations. However, UT has pledged to maintain the following corporate governance activities in the early days after the completion of the merger transaction, and the company believes and understands the operational and real value based on good corporate governance standards: * The majority of the UT Sloan holding board will be independent directors; UT Company's executive remuneration will be decided by an independent director or a committee composed of independent directors; * Our nominated directors will be selected or recommended by the Board of Directors, independent directors or committees composed of independent directors; * UT will have an audit committee comprising at least 3 members, Each member will be an independent director, one of them will have the experience of taking and accounting; * All relevant related party transactions will be reviewed by the audit committee or by an independent body of another board of directors; UT the company will conduct an advisory poll (non-binding) on executive compensation every 3 years, Until UT's decision to do this kind of advisory vote more frequently or not to vote at all. (Tangfeng)