Hong Kong China, July 13 Feb. 20, 2022 (GLOBE NEWSWIRE) — Zhong Yang Financial Group Limited (the “Company”) (NASDAQ:TOP), a fast-growing Hong Kong-based online brokerage firm specializing in the trading of local and foreign securities, equities, contracts futures, options products and other financial services, today announced that shareholders have approved the proposals voted on at the special meeting of shareholders of the Company held on July 12, 2022, Eastern Time and the shareholders of the Company voted to approve the following proposals:
change of the name of the company to TOP Financial Group Limited and amendment and restatement of the memorandum and articles of association of the company to incorporate the new name; and
amendment of Articles 9, 18, 43, 49, 67, 97, 101, 114 and 115 of the Company’s Articles of Association.
A total of 30,007,331 votes, representing 85.61% of the votes exercisable on the record date of the extraordinary meeting of shareholders of the Company, were present in person or by proxy at the meeting. The proposals were approved by shareholders. Ms. Junli Yang, Chairman of TOP, said, “I would like to thank our shareholders for their strong support for these important changes, which we hope will improve our corporate profile in the market.
About Zhong Yang Financial Group Limited
Founded in Hong Kong, the Company, through its operating subsidiaries, operates online brokerage platforms specializing in the trading of local and foreign equities, futures and options products.
The trading platforms, which the Operating Subsidiaries license to third parties, enable its investors to trade on renowned stock and futures exchanges around the world, including the Chicago Mercantile Exchange (“CME”), the Hong Kong Futures Exchange (“HKFE”), The New York Mercantile Exchange (“NYMEX”), The Chicago Board of Trade (“CBOT”), The Commodity Exchange (“COMEX”), Eurex Exchange (“EUREX”), ICE Clear Europe Limited (“ICEU”), Singapore Exchange (“SGX”), Australia Securities Exchange (“ASX”), Bursa Malaysia Derivatives Berhad (“BMD”) and Osaka Exchange (OSE). The operating subsidiaries are licensed by the Hong Kong Securities and Futures Commission (“HKSFC”) to engage in Type 1 (securities trading) and Type 2 (futures trading) regulated activities, and are licensed by the HKSFC to engage in regulated business type 4 (securities advice), type 5 (futures advice) and type 9 (asset management) in Hong Kong.
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding future plans, objectives, goals, strategies, events or performance, as well as underlying assumptions and other statements other than statements of historical fact. Where the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate” or similar expressions that do not relate solely to matters, it makes forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations described in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, uncertainties relating to market conditions and whether the IPO will occur on the terms expected or not at all, and to other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these and other reasons, investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release. Other factors are discussed in the Company’s filings with the SEC, which may be viewed at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof.
For more information please contact:
Email: [email protected]
EverGreen Consulting Inc.
Ms. Janice Wang, Managing Partner
Email: [email protected]
Phone: +1 470-940-3308 (from the United States)
+86 13811768559 (from China)