[UTStarcom Announces Share Subscription by Shah Capital Hong Kong, March 12, 2014 — UTStarcom (NASDAQ: UTSI), a global telecommunications infrastructure provider , today announced that it entered into a Share Subscription Agreement (the “ Subscription Agreement”) with Shah Capital Opportunity Fund LP (“Shah Capital”) on March 11, 2014. The transaction was consummated on the same date. Following the close of] [SHARE SUBSCRIPTION AGREEMENT This Share Subscription Agreement Agreement (this “ March 11 , 2014, is between Company Purchaser UTStarcom Holdings Corp., a company incorporated in the Cayman Islands (the “ WHEREAS, on the terms and conditions set forth in this Agreement, the Company desires to issue and allot to the Purchaser , and the Purchaser desire s to subscribe for] [FORM 6-K March 2014 UTSTARCOM HOLDINGS CORP. Union 7, Level 23, One Island East 18 Westlands Road, Hong Kong Form 20-F x Form 40-F o o o Yes o No x]