Hollysys Automation Technologies Announces That Effective Jan. 1, Chit Nim Resigned As Director And CEO, Dr. Changli Wang Nominated As Director And Appointed As CEO

BEIJING, Jan. 3, 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 effective as of January 1, 2022, pursuant to the resolutions of the Board of Directors of the Company (the “Board”), Mr. Chit Nim (Colin) Sung resigned from his positions as the director of the board and Chief Executive Officer of the Company. Dr. Changli Wang, who was the founder of the Company, was nominated as the director of the board and was appointed as the Chief Executive Officer of the Company. In connection with this, Mr. Chit Nim (Colin) Sung was appointed as the deputy Chief Executive Officer of the Company. With the above changes, the Board currently consists of five members, Ms. Li Qiao, Dr. Changli Wang, Ms. Khiaw Ngoh Tan, Dr. Jianyun Chai and Dr. Kok Peng Teh.