Universal Technologies : VOLUNTARY ANNOUNCEMENT-BANK CREDIT

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UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED

環球實業科技控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1026) VOLUNTARY ANNOUNCEMENT BANK CREDIT

This announcement is issued by Universal Technologies Holdings Limited (the "Company", which together with its subsidiaries, collectively the "Group") on a voluntary basis.

The board (the "Board") of directors (the "Directors") of the Company announces that Shenzhen Huanye Universal Technologies Limited, a wholly-owned subsidiary of the Company, (as borrower) and the China Merchants Bank Company Limited (Shenzhen Branch) (as lender) entered into a credit agreement on 14 September 2017 in relation to a RMB250,000,000 loan, repayable on the expiry of 12 months after the drawdown date. The credit guarantee is subject to a standby letter of credit issued by the China Merchants Bank (Hong Kong Branch) as guarantee upon full security deposit being pledged by the Company as requested by the lender.

The Board is of the view that the terms of the loan, which was arrived at after arm's length negotiations between the lender and the borrower, are on normal commercial terms, fair and reasonable and in the interest of the shareholders of the Company (the "Shareholders") as a whole. The Company does not expect that the loan and its drawdown will result in any material impact on the gearing and the financial position of the Group.

By Order of the Board

UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED Chen Jinyang

Chairman

Hong Kong, 15 September 2017

As at the date of this announcement, the Board of Directors of the Company comprises four executive Directors namely Mr. Chen Jinyang (Chairman), Mr. Chau Cheuk Wah (Chief Executive Officer), Mr. Zhou Jianhui and Ms. Zhu Fenglian; one non-executive Director namely Ms. Zhang Haimei; and three independent non-executive Directors namely Dr. Cheung Wai Bun, Charles, J.P., Mr. David Tsoi and Mr. Chao Pao Shu George.