13D Filing: Shah Capital Management and Utstarcom Holdings Corp. (NASDAQ:UTSI)

This Amendment No. 18 is being filed jointly by Shah Capital Opportunity Fund LP
(Shah Opportunity), Himanshu H. Shah (Mr. Shah), Hong Liang Lu (Mr. Lu), Lu Charitable Remainder Trust (Lu Charitable Trust), Lu Family
Trust (Lu Family Trust), The Lu Family Limited Partnership (Lu Family Partnership) and Tenling Ti (Mr. Ti, together with Shah Opportunity, Mr. Shah, Mr. Lu, Lu
Charitable Trust, Lu Family Trust and Lu Family Partnership, the Reporting Persons). The Reporting Persons have entered into a joint filing agreement, dated as of March 31, 2017, a copy of which is attached hereto as Exhibit
99.1.

This Amendment No. 18 relates to the ordinary shares, par
value US$0.00375 per share (the Ordinary Shares), of UTStarcom Holdings Corp. (the Company or Issuer). The Ordinary Shares are listed on the NASDAQ Stock Market LLC under the symbol
UTSI. The address of the principal executive office of the Company is Level 6, 28 Hennessy Road, Admiralty, Hong Kong.

Shah Opportunity is a Delaware limited partnership designated
for sophisticated investors, which focuses primarily on global equity securities, both long and short, while using leverage when appropriate on a limited basis. The address of its principal office is 8601 Six Forks Road, Suite 630, Raleigh, NC
27615. The general partner of Shah Opportunity is Shah Capital LLC, a Delaware limited liability company, whose principal office is at 8601 Six Forks Road, Suite 630, Raleigh, NC 27615. Mr. Shah is the managing member of Shah Capital LLC.

Mr. Shah is a citizen of the United States and his principal occupation is the president and chief investment officer of Shah Capital
Management Inc. Mr. Shahs principal business address is 8601 Six Forks Road, Suite 630, Raleigh, NC 27615.

Mr. Lu is a
citizen of United States and his principal occupation is a director of the Company. Mr. Lus principal business address is 10 Cassia Road, #1B, Yau Yut Chuen, Kowloon Tong, Hong Kong.

Lu Charitable Trust is organized under the laws of the State of California and its principal business is managing investments for the Lu
family. Lu Charitable Trusts principal business address is 1 Lakeside Drive, #1802 Oakland, CA 94612. Mr. Lu is the trustee of Lu Charitable Trust.

Lu Family Trust is organized under the laws of the State of California and its principal business is managing investments for the Lu family.
Lu Family Trusts principal business address is 1 Lakeside Drive, #1802 Oakland, CA 94612. Mr. Lu is a trustee of Lu Family Trust, of which Mr. Lu and his spouse are beneficiaries.

Lu Family Partnership is a Delaware limited partnership and its principal business is managing investments for the Lu family. Lu Family
Partnerships principal business address is 1 Lakeside Drive, #1802 Oakland, CA 94612. Mr. Lu is the general partner of Lu Family Partnership.