 HANGZHOU, China, May 18, 2022 GLOBE NEWSWIRE -- UTStarcom UT or the Company NASDAQ: UTSI, a global telecommunications infrastructure provider, today announced that it will hold an extraordinary general meeting of its shareholders the EGM on Monday, June 27, 2022, at 2:00 p.m. China Standard Time, to seek approval for a one-for-four reverse share split. UTStarcoms Board of Directors believes that implementing a reverse share split is likely to improve the marketability and liquidity of UTStarcoms ordinary shares. 