Hollysys Update: EGM, Sale Process
和利时最新消息：特别股东大会和出售程序
- Hollysys intends to hold special meeting of shareholders in January 2024
- 和利时公司拟于 2024 年 1 月召开特别股东大会
- Special Committee continues sale process in expedited manner
- 特别委员会继续加快出售进程
BEIJING, Nov. 22, 2023 /PRNewswire/ — Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys” or the “Company”) today
announced its intention to hold a special meeting of shareholders in the week commencing January 22, 2024 following the requests of certain shareholders to convene a special meeting. The decision follows the outcome of the hearing at the Hong
Kong High Court with respect to the ownership and control of Ace Lead Profits Limited (“Ace Lead”), one of the requisition shareholders, and its shares in the Company.
北京2023年11月22日电 /美通社/ -- 和利时自动化技术有限公司（纳斯达克股票代码：HOLI）（以下简称 "和利时 "或 "公司"）今天宣布，应部分股东的要求，公司拟于2024年1月22日召开股东特别大会。(纳斯达克股票代码：HOLI）（以下简称 "和利时 "或 "公司"）今天宣布，应部分股东要求，公司拟于2024年1月22日开始的一周内召开股东特别大会。该决定是在香港高等法院就请求股东之一 Ace Lead Profits Limited（"Ace Lead"）的所有权和控制权及其在公司的股份进行聆讯后作出的。
The board of directors of the Company (the “Board”) has set November 27, 2023 as the record date for determining the shareholders that are
entitled to vote at the special meeting. A proxy statement for the special meeting will be furnished with the SEC in the coming weeks. The proxy statement will specify detailed proposals to be voted on by shareholders at the special meeting, as well
as the Board’s recommendations for each of such proposals, which include increasing the maximum Board size from five to eleven and appointing six director candidates put forward by the requisition shareholders to the Board.
公司董事会（"董事会"）已将 2023 年 11 月 27 日定为确定有权在特别会议上投票的股东的记录日期。公司将在未来几周内向美国证券交易委员会提交特别会议的代理声明。代理声明将详细说明股东将在特别会议上投票表决的提案，以及董事会对每项提案的建议，其中包括将董事会人数上限从五名增至十一名，并任命六名由申购股东向董事会提出的董事候选人。
In a statement, the members of the Board stated: “The Board acknowledges that a substantial number of shareholders have called for a special meeting to
bring forward resolutions on Board structure. The Board respects the right of shareholders and will move forward with one in January.”
董事会成员在一份声明中指出"董事会承认，有相当数量的股东要求召开特别会议，以提出有关董事会结构的决议。董事会尊重股东的权利，并将在一月份召开特别会议。
The Special
Committee of the Board has made positive progress with respect to the sale process and will continue the sale process in an expedited manner. The Special Committee has had productive communications with a number of bidders. Certain bidders have
proceeded to the confirmatory due diligence stage, while negotiating definitive agreements in parallel. While there can be no assurances, the Special Committee is hopeful that the Company will be in a position to execute a merger agreement by mid-December and will provide timely updates to the market and shareholders.
董事会特别委员会在出售进程方面取得了积极进展，并将继续加快出售进程。特别委员会与一些竞标者进行了富有成效的沟通。某些竞标者已进入确认性尽职调查阶段，同时就最终协议进行谈判。虽然无法保证，但特别委员会希望公司能在 12 月中旬之前执行合并协议，并将及时向市场和股东提供最新信息。
The Board confirms that the shareholding
threshold required for the requisition shareholders to request the convention of a special meeting in accordance with the Company’s Memorandum and Articles of Association has been met as of the demand record date of September 6, 2023. As
such, the Company will duly convene a special meeting.
董事会确认，截至要求记录日期 2023 年 9 月 6 日，已达到要求股东根据公司《组织 章程大纲和细则》要求召开特别会议所需的持股门槛。因此，公司将正式召开特别会议。
About Hollysys Automation Technologies Ltd.
关于和利时自动化技术有限公司
Hollysys is a leading automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia.
Leveraging its proprietary technology and deep industry know-how, Hollysys empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence which are critical to their
businesses. Hollysys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation. In industrial automation, Hollysys delivers the full spectrum of automation hardware, software, and services
spanning field devices, control systems, enterprise manufacturing management and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for
high-speed rail and urban rail (including subways). Founded in 1993, with technical expertise and innovation, Hollysys has grown from a research team specializing in automation control in the power industry into a group providing integrated
automation control system solutions for customers in diverse industry verticals. As of June 30, 2023, Hollysys had cumulatively carried out more than 45,000 projects for approximately 23,000 customers in various sectors including power,
petrochemical, high-speed rail, and urban rail, in which Hollysys has established leading market positions.
和利时是中国领先的自动化控制系统解决方案供应商，其海外业务遍及亚洲其他八个国家和地区。凭借其专有技术和深厚的行业知识，和利时增强了客户的运营安全性、可靠性、效率和智能化，这对客户的业务至关重要。和利时的收入主要来自为工业自动化和轨道交通提供综合解决方案。在工业自动化领域，和利时提供全方位的自动化硬件、软件和服务，包括现场设备、控制系统、企业生产管理和基于云的应用。在轨道交通领域，和利时为高速铁路和城市轨道交通（包括地铁）提供先进的信号控制和 SCADA（监控和数据采集）系统。和利时公司成立于 1993 年，凭借专业技术和创新能力，从一个专门从事电力行业自动化控制的研究团队发展成为一个为不同垂直行业客户提供集成自动化控制系统解决方案的集团。截至 2023 年 6 月 30 日，和利时已累计为电力、石化、高铁和城轨等多个行业的约 23,000 家客户实施了 45,000 多个项目，在这些行业中确立了领先的市场地位。
Safe Harbor Statements 安全港声明
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than
statements of historical fact included herein are “forward-looking statements,” including statements regarding the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company;
growth in financial and operational performance of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking
terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident,” or similar
expressions involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys’ management, are subject to risks and uncertainties, which could cause actual results to
differ from the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to
be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking
statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking
statements.
本新闻稿包含《1995 年私人证券诉讼改革法案》（Private Securities Litigation Reform Act of 1995）界定的前瞻性声明。除历史事实声明外，本新闻稿包含的所有声明均为 "前瞻性声明"，包括有关公司实现其商业目标的能力、公司的商业战略、计划和目标、公司财务和运营业绩的增长以及任何其他非历史信息的声明。这些前瞻性表述通常使用前瞻性术语，如 "将"、"预计"、"预期"、"未来"、"打算"、"计划"、"相信"、"估计"、"目标"、"有信心 "或类似表述，涉及已知和未知的风险和不确定性。这些前瞻性表述基于和利时管理层当前的信念和预期，存在风险和不确定性，可能导致实际结果与前瞻性表述不同。尽管公司认为这些前瞻性陈述中反映的预期是合理的，但它们确实涉及假设、风险和不确定性，而且这些预期可能被证明是不正确的。投资者不应过分依赖这些前瞻性表述，因为这些表述只代表截至本新闻稿发布之日的情况。由于多种因素的影响，包括公司向美国证券交易委员会提交的报告中讨论的因素以及公司网站（http://www.sec.gov）上提供的因素，公司的实际结果可能与这些前瞻性声明中预期的结果存在实质性差异。公司或代表公司行事的人员发表的所有前瞻性声明均受这些因素的明确限制。除证券法要求外，公司不承担更新这些前瞻性声明的责任。
Contact Information 联系信息
Company Contact: 公司联系人：
Hollysys Automation Technologies Ltd.
好利时自动化技术有限公司
www.hollysys.com
investors@hollysys.com
Media Contacts (Hong Kong and New York):
媒体联系方式（香港和纽约）：
Brunswick Group 不伦瑞克集团
hollysys@brunswickgroup.com
Daniel Del Re (Hong Kong)
丹尼尔-德尔雷（香港）
ddelre@brunswickgroup.com
Libby Lloyd (New York)
利比-劳埃德（纽约）
llloyd@brunswickgroup.com