Zhitong Finance App learned that Dr. Wang Changli, CEO of Helishi Automation (HOLI.US), recently issued a statement on its personal stock sale. In Wednesday's announcement, Dr Wong made it clear that his recent decision to sell the company's shares was entirely based on personal financial planning requirements. Despite the share sale, he still holds approximately 80% of the company's pre-sale shares. He stressed that this person's decision is unrelated to the company's operating plan and privatization transaction, and will not have any impact on the company's ongoing privatization process.
Additionally, Dr. Wong has assured the company that he will not sell any of the company's shares until the privatization deal with Ascendent Capital Partners (“ACP”) is completed. This commitment further ensures the stability and continuity of privatization transactions. The company's management, including Dr. Wang, is committed to meeting all the conditions required to complete the privatization transaction in accordance with the merger agreement.