Santech Holdings Announces Changes to Board of Directors
August 19 2024 - 5:00AM
Santech Holdings Limited (“Santech”, or the “Company”) (NASDAQ:
STEC), a consumer-focused technology company in China, today
announced that Mr. Vincent Chun Hung Chan has resigned from his
position as an independent director of the board of directors (the
"Board") for personal reasons, effective immediately. The
resignation of Mr. Chan did not result from any disagreement with
the Company on any matter relating to the Company's business
operations, financial reporting or controls, policies or practices.
Madame Wang Dian, Chief Executive Officer of
Santech, commented, "On behalf of the Board, I would like to
express our sincere gratitude to Mr. Chan for his valuable
contributions to Santech. We wish him continued success in his
future endeavors."
The Company’s board of directors will consist of
four members, namely Mr. HAN Hongwei, Ms. WANG Dian, Mr. Joel A.
GALLO and Ms. CHEN Jie, after Mr. Chan’s resignation, among which
Mr. GALLO and Ms. CHEN are independent directors.
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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