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UTStarcom, Inc. was originally incorporated in 1991 as a Delaware corporation.
In April 2011, we were incorporated as UTStarcom Holdings Corp. as an exempted
company under the laws of the Cayman Islands. On June 24, 2011, we effected the
Merger to reorganize the corporate structure of UTStarcom, Inc., and its
subsidiaries. The Merger resulted in the shares of common stock of UTStarcom,
Inc. being converted into the right to receive an equal number of ordinary
shares in our capital, which were issued by us in connection with the Merger.
Following the Merger, UTStarcom, Inc. became our wholly-owned subsidiary and we
became the parent company of UTStarcom, Inc. and its subsidiaries. The
transaction was accounted for as a legal re-organization of entities under
common control. See "Item 4. Information on the Company-C. Organizational
Structure" for a listing of our subsidiaries.
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