Press Releases August 13, 2026 07:29 AM

UTStarcom Announces Finance Leadership Changes

UTStarcom announces CFO transition and finance leadership update.

By Avery Klein
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UTSI

UTStarcom Holdings Corp. announced a change in its finance leadership. CFO Dan Xie will step down from his role effective August 21, 2026, moving to Vice President overseeing India and Japan operations. Ying Kang joins as Assistant Vice President of Finance and will take full control of the finance department starting August 21, 2026. The changes were approved by the board on August 11, 2026.

UTStarcom Announces Finance Leadership Changes
UTSI
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Key Points

  • The current CFO Dan Xie will transition to lead India and Japan operations as Vice President.
  • Ying Kang, with significant professional experience and certifications, will lead the finance department starting August 21, 2026.
  • The company emphasizes its global presence in telecommunications infrastructure, focusing on Japan, India, and China markets.

HANGZHOU, China, Aug. 13, 2026 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or the “Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced that Mr. Dan Xie (“Dan”), will no longer hold his role as Chief Financial Officer effective August 21, 2026. Following this adjustment, Dan will serve as Vice President to oversee the Company's India and Japan operations.

Concurrently, Mr. Ying Kang joined the Company and holds the position of Assistant Vice President of Finance, effective August 13, 2026, reporting to CEO directly and will assume full oversight of the Finance Department starting August 21, 2026.

The board of directors has approved the above changes on August 11, 2026.

He has nearly 20 years of professional experience. He previously held various Senior SOX Project Manager and internal audit positions for the US listed companies. Ying Kang received his Master’s Degree in Environmental Engineering from Shanghai Jiao Tong University in 2006 and holds the China Certified Public Accountant and Certified Internal Auditor (CIA) certificate.

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. Shelley Jiang,
Investor Relations Email: [email protected] /  [email protected]


Risks

  • Leadership transition risks including potential disruption in financial management and reporting.
  • Uncertainty about Ying Kang's adaptation and effectiveness in the CFO role.
  • Market response to management changes could be mixed depending on investors' confidence in the new finance leadership.

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