Hywin Holdings Ltd. Announces Change of Its Name to Santech Holdings Limited and the Results of Its Extraordinary General Meeting of Shareholders on July 17, 2024
July 17 2024 - 5:00AM
Santech Holdings Limited (“Santech”, or the “Company”) (NASDAQ:
STEC), a consumer-focused technology company in China, today
announced the results of its extraordinary general meeting of
shareholders held in Hong Kong on July 17, 2024.
At the extraordinary general meeting, the
shareholders passed the following special resolutions to:
1. CHANGE OF COMPANY NAME
(i) |
change the Company’s English name from Hywin Holdings Ltd. to
Santech Holdings Limited and the Chinese name 三合智能控股有限公司 be adopted
and registered as the dual foreign name of the Company (the
“Change of Company Name”); |
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|
2. AMENDMENT AND RESTATEMENT OF
MEMORANDUM AND ARTICLES OF ASSOCIATION
(i) |
amend existing memorandum and articles of association of the
Company (the “Existing M&A”) to reflect the
Change of Company Name, the approvals required for appointment and
removal of directors, and the exemption of the Company from holding
an annual general meeting in each year; |
|
|
(ii) |
replace the Existing M&A in their entirety with a new
memorandum and articles of association of the Company (“New
M&A”) to reflect the aforementioned amendments;
and |
|
|
(iii) |
authorize any one director of the Company to, among others, do all
such acts and things and execute all such documents, as he/she
consider(s) necessary, desirable or expedient for the purpose of,
or in connection with, the implementation of and giving effect to
the New M&A. |
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|
In connection with the name change, the Company
also announced the change of its ticker symbol from “HYW” to
“STEC”.
About Santech Holdings
Limited
Santech Holdings Limited (NASDAQ: STEC) is a
consumer-focused technology company. The Company historically
served a large number of high net-worth clients in China in
financial services and health management, and accumulated a large
customer base. The Company has exited or disposed of its historical
businesses in financial services and is actively exploring
innovative new opportunities in technology, including but not
limited to new retail, social e-commerce and metaverse. For more
information, please visit https://ir.santechholdings.com.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “anticipate,” “estimate,” “forecast,” “plan,”
“project,” “potential,” “continue,” “ongoing,” “expect,” “aim,”
“believe,” “intend,” “may,” “should,” “will,” “is/are likely to,”
“could” and similar statements. Statements that are not historical
facts, including statements about the Company’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company’s filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
Investor Contact:Santech
Holdings LimitedEmail: ir@santechholdings.com
Media Contact:ICR, LLCEdmond
LococoPhone: +86 138-1079-1408Email: SantechPR@icrinc.com
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