<SEC-DOCUMENT>0001504412-14-000140.txt : 20140430
<SEC-HEADER>0001504412-14-000140.hdr.sgml : 20140430
<ACCEPTANCE-DATETIME>20140430092139
ACCESSION NUMBER:		0001504412-14-000140
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140430
DATE AS OF CHANGE:		20140430

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UTSTARCOM HOLDINGS CORP.
		CENTRAL INDEX KEY:			0001030471
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		IRS NUMBER:				521782500
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-60651
		FILM NUMBER:		14796144

	BUSINESS ADDRESS:	
		STREET 1:		52-2 BLDG. BDA INTL ENTERPRISE AVE
		STREET 2:		NO. 2 JINGYUAN NORTH ST. DAXING DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100176
		BUSINESS PHONE:		86 (10) 85205588

	MAIL ADDRESS:	
		STREET 1:		52-2 BLDG. BDA INTL ENTERPRISE AVE
		STREET 2:		NO. 2 JINGYUAN NORTH ST. DAXING DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100176

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UTSTARCOM INC
		DATE OF NAME CHANGE:	19970110

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DASAN NETWORKS, INC
		CENTRAL INDEX KEY:			0001606408
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			M5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		DASAN TOWER, 49, DAEWANGPANGYO-RO
		STREET 2:		644 BEON-GIL, BUNDANG-GU
		CITY:			SUNGNAM-SI GYEONGGI-DO
		STATE:			M5
		ZIP:			463-400
		BUSINESS PHONE:		82-70-7010-1051

	MAIL ADDRESS:	
		STREET 1:		DASAN TOWER, 49, DAEWANGPANGYO-RO
		STREET 2:		644 BEON-GIL, BUNDANG-GU
		CITY:			SUNGNAM-SI GYEONGGI-DO
		STATE:			M5
		ZIP:			463-400
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>sc13gdasan_sc13g.htm
<DESCRIPTION>SCHEDULE 13G
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Schedule 13G</TITLE>
<META NAME="author" CONTENT="Ozzie Benitoa">
<META NAME="date" CONTENT="04/29/2014">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt" align=center><B>UNITED STATES <BR>
SECURITIES AND EXCHANGE COMMISSION <BR>
Washington, D.C. 20549</B></P>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-family:Arial; font-size:12pt" align=center><B>SCHEDULE 13G</B></P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt" align=center><B>Under the Securities Exchange Act of 1934 <BR>
(Amendment No. ________)*</B></P>
<P style="margin:0px; padding-bottom:4px; font-family:Arial; font-size:9pt; border-bottom:1px solid #000000" align=center>UTStarcom Holdings Corp </P>
<P style="margin-top:0px; margin-bottom:11.267px; font-family:Arial; font-size:9pt" align=center>(Name of Issuer)</P>
<P style="margin:0px; padding-bottom:4px; font-family:Arial; font-size:9pt; border-bottom:1px solid #000000" align=center>Common Stock</P>
<P style="margin-top:0px; margin-bottom:11.267px; font-family:Arial; font-size:9pt" align=center>(Title of Class of Securities)</P>
<P style="margin:0px; padding-bottom:4px; font-family:Arial; font-size:9pt; border-bottom:1px solid #000000" align=center>918076100</P>
<P style="margin-top:0px; margin-bottom:11.267px; font-family:Arial; font-size:9pt" align=center>(CUSIP Number)</P>
<P style="margin:0px; padding-bottom:4px; font-family:Arial; font-size:9pt; border-bottom:1px solid #000000" align=center>Jane Zhen Zuo</P>
<P style="margin:0px; padding-bottom:4px; font-family:Arial; font-size:9pt; border-bottom:1px solid #000000" align=center>Union 7, Level 23, One Island East,</P>
<P style="margin:0px; padding-bottom:4px; font-family:Arial; font-size:9pt; border-bottom:1px solid #000000" align=center>18 Westlands Road, Hong Kong</P>
<P style="margin:0px; padding-bottom:4px; font-family:Arial; font-size:9pt; border-bottom:1px solid #000000" align=center>(852) 3750-7632 </P>
<P style="margin-top:0px; margin-bottom:11.267px; font-family:Arial; font-size:9pt" align=center>(Name, Address and Telephone Number of Person<BR>
Authorized to Receive Notices and Communications)</P>
<P style="margin:0px; padding-bottom:4px; font-family:Arial; font-size:9pt; border-bottom:1px solid #000000" align=center>April 2, 2014</P>
<P style="margin-top:0px; margin-bottom:11.267px; font-family:Arial; font-size:9pt" align=center>(Date of Event which Requires Filing of this Statement)</P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:<BR>
<FONT style="font-family:Wingdings; font-size:10pt">&#168;</FONT>&nbsp;&nbsp;Rule 13d-1(b)<BR>
<FONT style="font-family:Wingdings; font-size:10pt">x</FONT>&nbsp;&nbsp;Rule 13d-1(c)<BR>
<FONT style="font-family:Wingdings; font-size:10pt">&#168;</FONT>&nbsp;&nbsp;Rule 13d-1(d)</P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><SUP>*</SUP> The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt">The information required on the remainder of this cover page shall not be deemed to be &quot;filed&quot; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&quot;Act&quot;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</P>
<P style="margin-top:6.667px; margin-bottom:6.667px; padding-top:4px; font-family:Arial; font-size:12pt; color:#3F3F3F; border-top:2px solid #000000">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=6.267 /><TD width=199.667 /><TD width=6.267 /><TD width=199.667 /></TR>
<TR><TD style="margin-top:0px"><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=6.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=6.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-size:9pt">CUSIP No. 000000000</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; font-size:9pt" align=center>13G</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=18.667 /><TD width=18.733 /><TD /><TD width=6.267 /><TD width=37.467 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=37.467><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=18.667><P style="margin:0px; font-size:9pt" align=right>1.</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">NAMES OF REPORTING PERSONS<BR>
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<BR>
DASAN Networks, Inc.</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=37.467><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.667><P style="margin:0px; font-size:9pt" align=right>2.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>
(see instructions)<BR>
(a)&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family:Wingdings; font-size:10pt">&#168;<BR>
</FONT>(b)&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family:Wingdings; font-size:10pt">&#168;</FONT></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=37.467><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.667><P style="margin:0px; font-size:9pt" align=right>3.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">SEC USE ONLY<BR>
&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=37.467><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.667><P style="margin:0px; font-size:9pt" align=right>4.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>
&nbsp;<BR>
Korea, Republic</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=37.467><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=87.333 /><TD width=18.733 /><TD width=12.467 /><TD width=18.733 /><TD /></TR>
<TR><TD style="margin-top:0px" width=87.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=12.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px"><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" width=87.333 rowspan=4><P style="margin:0px; font-size:9pt" align=center>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</P>
</TD><TD style="margin-top:0px" valign=bottom width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=12.467><P style="margin:0px; font-size:9pt" align=right>5.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">SOLE VOTING POWER<BR>
&nbsp;<BR>
1,983,500</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=12.467><P style="margin:0px; font-size:9pt" align=right>6.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">SHARED VOTING POWER<BR>
&nbsp;<BR>
00,000</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=12.467><P style="margin:0px; font-size:9pt" align=right>7.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">SOLE DISPOSITIVE POWER<BR>
&nbsp;<BR>
1,983,500</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=12.467><P style="margin:0px; font-size:9pt" align=right>8.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">SHARED DISPOSITIVE POWER<BR>
&nbsp;<BR>
00,000</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=18.667 /><TD width=18.733 /><TD /><TD width=6.267 /><TD width=37.467 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=18.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=37.467><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.667><P style="margin:0px; font-size:9pt" align=right>9.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON <BR>
<BR>
1,983,500</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=37.467><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.667><P style="margin:0px; font-size:9pt" align=right>10.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin-top:0px; margin-bottom:12px; font-size:9pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<BR>
(see instructions)&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family:Wingdings; font-size:10pt">&#168;</FONT></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=37.467><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.667><P style="margin:0px; font-size:9pt" align=right>11.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) <BR>
<BR>
5.0%</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=37.467><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.667><P style="margin:0px; font-size:9pt" align=right>12.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; font-size:9pt">TYPE OF REPORTING PERSON (see instructions) <BR>
<BR>
CO</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=37.467><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=18.667><P style="margin:0px; font-family:Arial; font-size:20pt" align=right>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=6.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=37.467><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:6.667px; margin-bottom:6.667px; padding-top:4px; font-family:Arial; font-size:12pt; color:#3F3F3F; border-top:2px solid #000000">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=6.267 /><TD width=199.667 /><TD width=6.267 /><TD width=199.667 /></TR>
<TR><TD style="margin-top:0px"><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=6.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=6.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-size:9pt">CUSIP No. 000000000</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; font-size:9pt" align=center>13G</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><B>Item 1.</B></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=25 /><TD width=24.933 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(a)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Name of Issuer<BR>
UTStarcom Holdings Corp</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(b)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Address of Issuer&#146;s Principal Executive Offices<BR>
Unit 7, Level 23, One Island East, 18 Westlands Road, Hong Kong</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><B>Item 2.</B></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=25 /><TD width=24.933 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(a)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Name of Person Filing<BR>
DASAN Networks, Inc.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(b)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Address of the Principal Office or, if none, residence<BR>
DASAN Tower, 49, Daewangpangyo-ro 644 Beon-gil</P>
<P style="margin:0px; font-size:9pt">Budang-gu, Sungnam-si, Gyeonggi-do, 463-400 </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(c)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Citizenship<BR>
Korea, Republic</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(d)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Title of Class of Securities<BR>
Ordinary Shares, $0.00375 par value</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(e)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">CUSIP Number<BR>
918076100</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><B>Item 3.&nbsp;&nbsp;If this statement is filed pursuant to &#167;&#167;240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:</B></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=25 /><TD width=24.933 /><TD width=24.933 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(a)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(b)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(c)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(d)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(e)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">An investment adviser in accordance with &#167;240.13d-1(b)(1)(ii)(E);</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(f)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">An employee benefit plan or endowment fund in accordance with &#167;240.13d-1(b)(1)(ii)(F);</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(g)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">A parent holding company or control person in accordance with &#167;240.13d-1(b)(1)(ii)(G);</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(h)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(i)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(j)</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Group, in accordance with &#167;240.13d-1(b)(1)(ii)(J).</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=25><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><B>Item 4.&nbsp;&nbsp;Ownership.</B></P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt">Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=18.733 /><TD width=18.733 /><TD width=24.933 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">(a)</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=561.6 colspan=2><P style="margin:0px; font-size:9pt">Amount beneficially owned:&nbsp;&nbsp;1,983,500</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">(b)</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=561.6 colspan=2><P style="margin:0px; font-size:9pt">Percent of class:&nbsp;&nbsp;5.0%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">(c)</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=561.6 colspan=2><P style="margin:0px; font-size:9pt">Number of shares as to which the person has:&nbsp;&nbsp;1,983,500</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(i)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Sole power to vote or to direct the vote&nbsp;&nbsp;1,983,500</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(ii)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Shared power to vote or to direct the vote</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(iii)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Sole power to dispose or to direct the disposition of&nbsp;1,983,5000</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:9pt">(iv)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">Shared power to dispose or to direct the disposition of&nbsp;.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=24.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><I>Instruction</I>. For computations regarding securities which represent a right to acquire an underlying security <I>see</I> &#167;240.13d-3(d)(1).</P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><B>Item 5.&nbsp;&nbsp;Ownership of Five Percent or Less of a Class.</B></P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt">If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="font-family:Wingdings; font-size:10pt">&#168;</FONT>.</P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><I>Instruction</I>. Dissolution of a group requires a response to this item.</P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><B>Item 6.&nbsp;&nbsp;Ownership of More than Five Percent on Behalf of Another Person.</B></P>
<P style="margin-top:6px; margin-bottom:6px; text-indent:24px; font-family:Arial; font-size:9pt">&nbsp;Inapplicable</P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><B>Item 7.&nbsp;&nbsp;Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.</B></P>
<P style="margin-top:6px; margin-bottom:6px; text-indent:24px; font-family:Arial; font-size:9pt">&nbsp;Inapplicable</P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><B>Item 8.&nbsp;&nbsp;Identification and Classification of Members of the Group.</B></P>
<P style="margin-top:6px; margin-bottom:6px; text-indent:24px; font-family:Arial; font-size:9pt">&nbsp;Inapplicable</P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt"><B>Item 9.&nbsp;&nbsp;Notice of Dissolution of Group.</B></P>
<P style="margin-top:6px; margin-bottom:6px; text-indent:24px; font-family:Arial; font-size:9pt">&nbsp;Inapplicable</P>
<P style="margin:6px"><BR>
<BR></P>
<P style="margin-top:5px; margin-bottom:5px; font-family:Arial; font-size:9pt; page-break-before:always"><B>Item 10.&nbsp;&nbsp;Certification.</B></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.267 /><TD width=14 /><TD width=11.733 /><TD /><TD width=4.667 /></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=14><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=11.733><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top colspan=2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=14><P style="margin:0px; font-size:9pt">(a)</P>
</TD><TD style="margin-top:0px" valign=top width=11.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top colspan=2><P style="margin:0px; font-size:9pt">The following certification shall be included if the statement is filed pursuant to &#167;240.13d-1(b):</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=14><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=11.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=4.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=14><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=11.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.</P>
</TD><TD style="margin-top:0px" valign=top width=4.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=14><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=11.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=4.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=14><P style="margin:0px; font-size:9pt">(b)</P>
</TD><TD style="margin-top:0px" valign=top width=11.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top colspan=2><P style="margin:0px; font-size:9pt">The following certification shall be included if the statement is filed pursuant to &#167;240.13d-1(c):</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=14><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=11.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=4.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=14><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=11.733><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:9pt">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.</P>
</TD><TD style="margin-top:0px" valign=top width=4.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-size:20pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=14><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=11.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=4.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:6.667px; margin-bottom:6.667px; padding-top:4px; font-family:Arial; font-size:12pt; color:#3F3F3F; border-top:2px solid #000000">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=6.267 /><TD width=199.667 /><TD width=6.267 /><TD width=199.667 /></TR>
<TR><TD style="margin-top:0px"><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=6.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=6.267><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-size:9pt">CUSIP No. 918076100</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; font-size:9pt" align=center>13G</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.267><P style="margin:0px; font-size:9pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=199.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:5px; margin-bottom:5px; text-indent:24px; font-family:Arial; font-size:9pt">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>
<DIV align=right><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=249.6 /></TR>
<TR><TD style="margin-top:0px" width=249.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=249.6><P style="margin-top:5px; margin-bottom:0px; padding-bottom:4px; font-size:9pt; border-bottom:1px solid #000000" align=center>04/29/2014</P>
<P style="margin-top:0px; margin-bottom:0.733px; font-size:9pt" align=center>Date</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=249.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=249.6><P style="margin-top:5px; margin-bottom:0px; padding-bottom:4px; font-size:9pt; border-bottom:1px solid #000000" align=center>/s/ Min Woo Nam</P>
<P style="margin-top:0px; margin-bottom:0.733px; font-size:9pt" align=center>Signature</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=249.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=249.6><P style="margin-top:5px; margin-bottom:0px; padding-bottom:4px; font-size:9pt; border-bottom:1px solid #000000" align=center>CEO</P>
<P style="margin-top:0px; margin-bottom:0.733px; font-size:9pt" align=center>Name/Title</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=249.6><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD></TR>
</TABLE></DIV>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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