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Santech Holdings Provides Update on Its Board and Senior Management

  • SHANGHAI, China, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited (NASDAQ: STEC) (the “Company”), a consumer-focused technology company in China, today announced updates to its board of directors (the “Board”) and senior management team. To the Company's best knowledge, Mr. Han Hongwei, the Chairman of the Board, and Madame Wang Dian, the Chief Executive Officer and a director of the Company, have been detained by, and are currently under investigation by certain branch office of Shanghai Municipal Public Security Bureau with respect to alleged illegal activities at Hywin Wealth Management Co., Ltd. (“Hywin Wealth Management”). As previously announced, the Company terminated its VIE arrangements with Hywin Wealth Management on June 28, 2024. Hywin Wealth Management is a company incorporated in mainland China and wholly owned and controlled by Mr. Han, and is not otherwise related to the Company. Santech Holdings Limited is not associated with this matter, nor has the Company received any official notice from any government authority as of the date of this announcement.
    09/17/2024

Santech Holdings Announces US$5 Million Share Repurchase Program

  • SHANGHAI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited (“Santech”, or the “Company”) (NASDAQ: STEC), a consumer-focused technology company in China, today announced that the Company's board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$5 million worth of its outstanding American Depositary Shares (“ADSs”), each representing two ordinary shares, over the next 12 months starting from August 26, 2024.
    08/26/2024
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The price of 102277 (STEC) is 1.05 and it was updated on 2024-11-06 13:00:49.

Currently 102277 (STEC) is in undervalued.

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Santech Holdings Announces Changes to Board of Directors

  • SHANGHAI, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited (“Santech”, or the “Company”) (NASDAQ: STEC), a consumer-focused technology company in China, today announced that Mr. Vincent Chun Hung Chan has resigned from his position as an independent director of the board of directors (the "Board") for personal reasons, effective immediately. The resignation of Mr. Chan did not result from any disagreement with the Company on any matter relating to the Company's business operations, financial reporting or controls, policies or practices.
    Mon, Aug. 19, 2024
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