Santech Holdings Reports Board of Directors Changes
Santech Holdings Announces Changes to the Board of Directors
SHANGHAI, Santech Holdings Limited (“Santech”, or the “Company”) (NASDAQ: STEC), a technology company focused on consumer solutions, has recently revealed that Mr. Vincent Chun Hung Chan has stepped down from his role as an independent director of the board of directors (the "Board") for personal reasons, effective immediately. It is important to note that Mr. Chan's resignation was not due to any disagreements with the Company concerning its business operations, financial reporting, or control policies.
Madame Wang Dian, the Chief Executive Officer of Santech, stated, "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."
Following Mr. Chan’s departure, the Company’s board of directors will now consist of four members: Mr. HAN Hongwei, Ms. WANG Dian, Mr. Joel A. GALLO, and Ms. CHEN Jie. Among these board members, Mr. GALLO and Ms. CHEN are acknowledged as independent directors.
About Santech Holdings Limited
Santech Holdings Limited (NASDAQ: STEC) is a technology-focused consumer solutions provider. Historically, the Company served a substantial clientele of high net-worth individuals in various sectors, including financial services and health management, which has led to a robust customer base. Recently, Santech Holdings has strategically exited previous financial services offerings and is now dedicating its resources to explore emerging technological opportunities. This includes initiatives in new retail formats, social e-commerce, and advancements in the metaverse sector.
Investor and Media Contact Information
Investor Contact:
Santech Holdings Limited
Email: ir@santechholdings.com
Media Contact:
ICR, LLC
Edmond Lococo
Phone: +86 138-1079-1408
Email: SantechPR@icrinc.com
Frequently Asked Questions
1. What recent change occurred in Santech Holdings' Board?
The company announced that Mr. Vincent Chun Hung Chan has resigned from his position as an independent director for personal reasons.
2. Who are the current members of Santech Holdings' Board after the resignation?
The board now includes Mr. HAN Hongwei, Ms. WANG Dian, Mr. Joel A. GALLO, and Ms. CHEN Jie, with Mr. GALLO and Ms. CHEN serving as independent directors.
3. What does Santech Holdings focus on as a company?
Santech Holdings is focused on consumer technology solutions, exploring innovative opportunities in areas like new retail, social e-commerce, and the metaverse.
4. How has Santech Holdings evolved its business model recently?
The company has exited its historical businesses in financial services to concentrate on newer technological opportunities and innovations.
5. Where can I find additional information about Santech Holdings?
For more details about the company’s initiatives and updates, you may refer to their official website or contact them directly through the provided email addresses.
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