Santech Holdings Announces Changes to Board of Directors
Santech Holdings (NASDAQ: STEC), a consumer-focused technology company in China, announced changes to its Board of Directors. Mr. Vincent Chun Hung Chan has resigned as an independent director, effective immediately, citing personal reasons. The company emphasized that Chan's resignation was not due to any disagreements regarding business operations, financial reporting, controls, policies, or practices.
Following Chan's departure, the Board will consist of four members: Mr. HAN Hongwei, Ms. WANG Dian (CEO), and two independent directors, Mr. Joel A. GALLO and Ms. CHEN Jie. Madame Wang Dian expressed gratitude for Chan's contributions and wished him success in future endeavors.
Santech Holdings (NASDAQ: STEC), un'azienda tecnologica con focus sui consumatori in Cina, ha annunciato dei cambiamenti nel suo Consiglio di Amministrazione. Il signor Vincent Chun Hung Chan si è dimesso da direttore indipendente, con effetto immediato, citando motivi personali. L'azienda ha sottolineato che la dimissione di Chan non è avvenuta a causa di disaccordi riguardanti le operazioni aziendali, la rendicontazione finanziaria, i controlli, le politiche o le pratiche.
Dopo la partenza di Chan, il Consiglio sarà composto da quattro membri: il signor HAN Hongwei, la signora WANG Dian (CEO) e due direttori indipendenti, il signor Joel A. GALLO e la signora CHEN Jie. La signora Wang Dian ha espresso gratitudine per il contributo di Chan e gli ha augurato successo nelle future iniziative.
Santech Holdings (NASDAQ: STEC), una empresa de tecnología enfocada en el consumidor en China, anunció cambios en su Junta Directiva. El Sr. Vincent Chun Hung Chan ha presentado su renuncia como director independiente, con efecto inmediato, citando razones personales. La empresa enfatizó que la renuncia de Chan no se debió a desacuerdos en relación con las operaciones comerciales, la contabilidad financiera, los controles, las políticas o las prácticas.
Tras la salida de Chan, la Junta estará compuesta por cuatro miembros: el Sr. HAN Hongwei, la Sra. WANG Dian (CEO) y dos directores independientes, el Sr. Joel A. GALLO y la Sra. CHEN Jie. La Sra. Wang Dian expresó su agradecimiento por las contribuciones de Chan y le deseó éxito en sus futuros emprendimientos.
Santech Holdings (NASDAQ: STEC), 중국의 소비자 중심 기술 회사가 이사회의 변화를 발표했습니다. Vincent Chun Hung Chan씨가 개인적인 사유로 즉각적으로 독립 이사직에서 사임했습니다. 회사는 Chan씨의 사임이 사업 운영, 재무 보고, 통제, 정책 또는 관행과 관련된 어떤 의견 불일치 때문이 아니었다고 강조했습니다.
Chan씨의 퇴임 이후, 이사회는 네 명의 구성원으로 이루어지며, HAN Hongwei씨, WANG Dian씨 (CEO), 두 명의 독립 이사 Joel A. GALLO씨와 CHEN Jie씨가 포함됩니다. WANG Dian씨는 Chan씨의 기여에 감사의 뜻을 전하며 앞으로의 성공을 기원했습니다.
Santech Holdings (NASDAQ: STEC), une entreprise technologique axée sur le consommateur en Chine, a annoncé des changements dans son Conseil d'Administration. M. Vincent Chun Hung Chan a démissionné de son poste de directeur indépendant, avec effet immédiat, pour des raisons personnelles. L'entreprise a souligné que la démission de Chan n'était pas due à des désaccords concernant les opérations commerciales, la comptabilité financière, les contrôles, les politiques ou les pratiques.
Suite au départ de Chan, le Conseil sera composé de quatre membres : M. HAN Hongwei, Mme WANG Dian (PDG) et deux directeurs indépendants, M. Joel A. GALLO et Mme CHEN Jie. Madame Wang Dian a exprimé sa gratitude pour les contributions de Chan et lui a souhaité du succès dans ses futures entreprises.
Santech Holdings (NASDAQ: STEC), ein technologieorientiertes Unternehmen mit Schwerpunkt auf Verbraucher in China, gab Änderungen im Vorstand bekannt. Herr Vincent Chun Hung Chan hat als unabhängiger Direktor mit sofortiger Wirkung resigniert und persönliche Gründe angeführt. Das Unternehmen betonte, dass Chans Rücktritt nicht auf Meinungsverschiedenheiten bezüglich der Geschäftsabläufe, der Finanzberichterstattung, der Kontrollen, der Richtlinien oder der Praktiken zurückzuführen war.
Nach Chans Ausscheiden wird der Vorstand aus vier Mitgliedern bestehen: Herr HAN Hongwei, Frau WANG Dian (CEO) und zwei unabhängige Direktoren, Herr Joel A. GALLO und Frau CHEN Jie. Frau Wang Dian äußerte Dankbarkeit für Chans Beiträge und wünschte ihm viel Erfolg bei zukünftigen Vorhaben.
- Smooth transition in board composition with no reported conflicts
- Maintained two independent directors on the board, ensuring continued corporate governance standards
- Reduction in board size from five to four members, potentially affecting diversity of expertise
- Loss of Vincent Chan's experience and insights as an independent director
SHANGHAI, Aug. 19, 2024 (GLOBE NEWSWIRE) -- 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 Limited
Email: ir@santechholdings.com
Media Contact:
ICR, LLC
Edmond Lococo
Phone: +86 138-1079-1408
Email: SantechPR@icrinc.com
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