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Hollysys Board of Directors Received a Notice From Hollysys Committee on Trust Interests News provided by Share this article Share this article BEIJING, March 15, 2021 /PRNewswire/ The Board of Directors (the Board ) of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ( Hollysys or the Company ) refers to the announcement made by the Company on February 1, 2021 whereby the Board confirmed receipt of a revised unsolicited consortium proposal to acquire all the outstanding shares of Hollysys made by Shao Baiqing ( Mr. Shao ), Ace Lead Profits Limited ( Ace Lead ) and CPE Funds Management Limited (the Revised Proposal ). The Revised Proposal was exhibited to the Schedule 13D (Amendment No.2) dated January 29, 2021 filed jointly by Mr. Shao and Ace Lead (the Amended Schedule 13D ). It was stated in the Amended Schedule 13D that Ace Lead is wholly owned and controlled by Mr. Shao and Mr. Shao may be deemed to be a beneficial owner of the shares of the Company held by Ace

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