INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 1. |
Description of Registrants Securities to be Registered. |
Reference is hereby made to the Registration Statement on Form 8-A filed by Hollysys
Automation Technologies Ltd., a British Virgin Islands company (the Company), with the Securities and Exchange Commission (the SEC) on September 21, 2010 (the Original Registration
Statement), relating to the Rights Agreement, dated as of September 27, 2010 (the Original Rights Agreement), between the Company and Continental Stock Transfer & Trust Company, as rights agent (the
Rights Agent), and Amendment No. 1 to the Registration Statement filed by the Company with the SEC on Form 8-A/A on September 25, 2020 (the Prior Registration Statement
Amendment), relating to the Amended and Restated Rights Agreement, dated as of September 24, 2020, between the Company and the Rights Agent (the Amended and Restated Rights Agreement). Each of the Original
Registration Statement and the Prior Registration Statement Amendment is hereby incorporated herein by reference.
On December 11,
2023, the Company, Superior Technologies Holding Limited, an exempted company incorporated under the laws of the Cayman Islands (Parent), and Superior Technologies Mergersub Limited, a British Virgin Islands business company
incorporated under the laws of the British Virgin Islands and a wholly owned subsidiary of Parent (Merger Sub), entered into an Agreement and Plan of Merger (the Merger Agreement), pursuant to which, among other
things, Merger Sub will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent (the Merger).
In connection with the Merger Agreement, the Company entered into the Amendment No. 1 to the Amended and Restated Rights Agreement with the
Rights Agent on December 11, 2023 (the Rights Agreement Amendment No. 1) and the Amendment No. 2 to Amended and Restated Rights Agreement with the Rights Agent on December 12, 2023 (the Rights
Agreement Amendment No. 2, together with Rights Agreement Amendment No. 1, the Rights Agreement Amendments). The Rights Agreement Amendments rendered the Amended and Restated Rights Agreement inapplicable to
(i) the Merger Agreement and the transactions contemplated thereby, including the Merger and (ii) any acquisition of securities of the Company by Parent, Merger Sub and their affiliates during the term of the Merger Agreement.
The foregoing summary of the Rights Agreement Amendments is qualified in its entirety by reference to (i) the full text of the Rights
Agreement Amendment No. 1 and the Rights Agreement Amendment No. 2, which are attached as Exhibit 4.1 and Exhibit 4.2, respectively, to the Form 6-K, furnished by the Company to the SEC on
December 12, 2023 and are incorporated herein by reference; (ii) the Original Rights Agreement and the summary of its terms, which were furnished by the Company to the SEC on Form 6-K on
September 21, 2010 and are incorporated herein by reference; and (iii) the Amended and Restated Rights Agreement and the summary of its material terms, which were furnished by the Company to the SEC on Form
6-K on September 25, 2020 and are incorporated herein by reference.
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