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Newater Technology, Inc Announces its Postponement of Extraordinary General Meeting of the Shareholders of the Company

Newater Technology, Inc Announces its Postponement of Extraordinary General Meeting of the Shareholders of the Company
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Hollysys Response to Ace Lead Profits Limited Misleading Press Release

Hollysys Response to Ace Lead Profits Limited Misleading Press Release News provided by Share this article Share this article BEIJING, March 16, 2021 /PRNewswire/ Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ( Hollysys or the Company ) refers to a press release issued on March 14, 2021 (the Press Release ) concerning a purported preliminary victory by Shao Baiqing ( Mr. Shao ) and Ace Lead Profits Limited ( Ace Lead ) against the Company before the Commercial Division of the Eastern Caribbean Supreme Court, Territory of the British Virgin Islands (the Court ).   The Company notes that the Press Release contains multiple misleading statements in relation to the Court process, which the Company feels compelled to clarify.

Shao Baiqing and Ace Lead Profits Limited Won Preliminary Victory Against Hollysys Automation Technologies in the BVI

Shao Baiqing and Ace Lead Profits Limited Won Preliminary Victory Against Hollysys Automation Technologies in the BVI  |  0  On March 8, 2021, Justice Gerhard Wallbank of the Commercial Division of the Eastern Caribbean Supreme Court, Territory of the British Virgin Islands (the “Court”) approved an order (the “Order”) recording a preliminary victory by Shao Baiqing (“Mr. Shao”) and Ace Lead Profits Limited (“Ace Lead”, together with Mr. Shao, the “Claimants”) in their lawsuit against Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the “Company”), filed on February 1, 2021. In the lawsuit, the Claimants challenge the legality of recent wide-ranging amendments to the Company’s memorandum and

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