Hollysys CEO Informs Company of Recent Share Sales

Core Viewpoint - Hollysys Automation Technologies Ltd. is undergoing a going private transaction with Ascendent Capital Partners, and the CEO's recent share sale does not impact this process or the company's operational plans [1][2]. Company Overview - Hollysys is a leading provider of automation control system solutions in China, with operations in eight other countries across Asia [3]. - The company specializes in integrated solutions for industrial automation and rail transportation, offering a full range of automation hardware, software, and services [3]. - As of June 30, 2023, Hollysys has completed over 45,000 projects for approximately 23,000 customers in various sectors, establishing a strong market position [3].