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

Rhea-AI Summary

Santech Holdings (NASDAQ: STEC), formerly known as Hywin Holdings, announced the results of its extraordinary general meeting held on July 17, 2024, in Hong Kong. Shareholders approved significant resolutions including:

• Changing the company's name to Santech Holdings and adopting the Chinese name 三合智能控股有限公司.
• Amending and restating the Company's memorandum and articles of association to reflect the name change, adjustments in director appointment and removal approvals, and the exemption from holding an annual general meeting every year.
• Authorizing any one director to execute necessary documents for implementing these changes.

Additionally, the Company announced the change of its ticker symbol from HYW to STEC.

Positive

• Shareholders approved changing the company's name to Santech Holdings
• The company's ticker symbol changed from HYW to STEC.

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• None.

SHANGHAI, July 17, 2024 (GLOBE NEWSWIRE) -- 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”);

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.

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 Limited
Email: ir@santechholdings.com

Media Contact:
ICR, LLC
Edmond Lococo
Phone: +86 138-1079-1408
Email: SantechPR@icrinc.com

FAQ

What recent change did Santech Holdings announce regarding its ticker symbol?

Santech Holdings announced the change of its ticker symbol from HYW to STEC.

What resolutions were approved in the extraordinary general meeting of Santech Holdings ?

Shareholders approved the name change to Santech Holdings , amendments in the memorandum and articles of association, and the exemption from holding an annual general meeting every year.

When and where was the extraordinary general meeting of Santech Holdings held?

The extraordinary general meeting was held on July 17, 2024, in Hong Kong.