BEIJING,
March 10, 2022 /PRNewswire/ --
Hollysys Automation Technologies Ltd. (NASDAQ: HOLI)
("Hollysys" or the "Company"), a leading provider of
automation and control technologies and applications in China,
today announced that the Board of Directors of the Company has
declared an annual cash dividend of US$0.32 per ordinary share, par value
US$0.001 per share (the "Ordinary
Shares"), for the fiscal year ended June
30, 2021 to the holders of the Company's Ordinary Shares of
record at the close of business on April 4,
2022, implying a 20% payout ratio. The dividend will be
payable in cash on or about April 25,
2022 to such shareholders.
Dr. Changli Wang,
the CEO and director of Hollysys, expressly stated: "We are pleased
with Hollysys' business development over the past few years and its
strong financial position enables us to express our appreciation to
investors' support through rewarding them with regular cash
dividend which we believe is a prudent use of cash. The 20% payout
ratio is determined based on an evaluation of Hollysys' financial
performance of fiscal year 2021 and the Company's future
development strategy. In the future, the Company will continue to
evaluate Hollysys' ongoing financial and operational performance
across various business sectors in determining the amount and
timing of future dividends to ensure they are strategically aligned
to enhance shareholder value."
About Hollysys Automation Technologies
Ltd.
Hollysys is a leading automation control system
solutions provider in China, with
overseas operations in eight other countries and regions throughout
Asia. Leveraging its proprietary
technology and deep industry know-how, Hollysys empowers its
customers with enhanced operational safety, reliability,
efficiency, and intelligence which are critical to their
businesses. Hollysys derives its revenues mainly from providing
integrated solutions for industrial automation and rail
transportation. In industrial automation, Hollysys delivers the
full spectrum of automation hardware, software, and services
spanning field devices, control systems, enterprise manufacturing
management and cloud-based applications. In rail transportation,
Hollysys provides advanced signaling control and SCADA (Supervisory
Control and Data Acquisition) systems for high-speed rail and urban
rail (including subways). Founded in 1993, with technical expertise
and innovation, Hollysys has grown from a research team
specializing in automation control in the power industry into a
group providing integrated automation control system solutions for
customers in diverse industry verticals. As of June 30,
2021, Hollysys had cumulatively carried out more than 35,000
projects for approximately 20,000 customers in various sectors
including power, petrochemical, high-speed rail, and urban rail, in
which Hollysys has established leading market positions.
SAFE HARBOR STATEMENTS
This release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. All statements, other than statements of historical fact
included herein are "forward-looking statements," including
statements regarding the ability of the Company to achieve its
commercial objectives; the business strategy, plans and objectives
of the Company; growth in financial and operational performance of
the Company; and any other statements of non-historical
information. These forward-looking statements are often identified
by the use of forward-looking terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "confident", involve known and unknown risks
and uncertainties. Such forward-looking statements, based upon the
current beliefs and expectations of Hollysys' management, are
subject to risks and uncertainties, which could cause actual
results to differ from the forward looking statements. Although the
Company believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's reports that are filed with the
Securities and Exchange Commission and available on its website
(http://www.sec.gov). All forward-looking statements attributable
to the Company or persons acting on its behalf are expressly
qualified in their entirety by these factors. Other than as
required under the securities laws, the Company does not assume a
duty to update these forward-looking statements.
Contact information:
HollySys Automation Technologies
Ltd.
www.hollysys.com
+8610-5898-1386
investors@hollysys.com
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SOURCE Hollysys Automation Technologies Ltd
