Hong Kong China, July 13, 2022 (GLOBE NEWSWIRE) — Zhong Yang Financial Group Limited (the “Company”) (NASDAQ: TOP), a Hong Kong-based fast-growing online brokerage firm specializing in trading domestic and overseas, specializing in equities, futures, options products and other financial services, announced today that the proposals voted on at the Company’s extraordinary stockholders’ meeting on July 12, 2022, Eastern Time, and the Company’s stockholders have approved voted to approve the following proposals:
- change of name of the Company to TOP Financial Group Limited and amendment and restatement of the Memorandum and Articles of Association of the Company to reflect 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 as of the record date of the special meeting of the Company’s stockholders, were present at the meeting in person or by proxy. The motions were accepted by the shareholders. Ms. Junli Yang, Chairwoman of TOP, commented, “I would like to thank our shareholders for their strong support of these important changes, which we expect will improve our company’s profile in the market.”
About Zhong Yang Financial Group Limited
Founded in Hong Kong, through its operating subsidiaries, the company operates online brokerage platforms specializing in the trading of local and overseas equities, futures and options products.
The trading platforms, which the operating subsidiaries license from third parties, allow their investors to trade on reputable 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”), the Australia Securities Exchange (“ASX”), Bursa Malaysia Derivatives Berhad (“BMD”) and the Osaka Exchange (OSE). The operating subsidiaries are licensed by the Securities and Futures Commission of Hong Kong (“HKSFC”) to conduct Type 1 (dealing in securities) and Type 2 (dealing in futures contracts) regulated activities and are licensed by HKSFC to conduct Type 4 (securities advice), Type 5 (futures advice) and Type 9 (wealth management) regulated activities in Hong Kong. For more information, visit http://www.zyfgl.com/.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, objectives, goals, strategies, future events or performance, underlying assumptions and other statements that are different from statements of historical fact. When the Company uses words such as “may”, “will”, “intends”, “should”, “believes”, “expects”, “anticipates”, “forecasts”, “estimates” or similar expressions that are not exclusively related to relating historical events is important, it makes forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions and the completion of the IPO on the expected terms or at all, as well as other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances after the date of this release.
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 US)
+86 13811768559 (from China)