TechFlow reports that on August 3, New Huo Technology Holdings Limited (stock code: 1611.HK) announced a change of its English company name from "New Huo Technology Holdings Limited" to "Sinohope Technology Holdings Limited," while the Chinese name remains unchanged. The change of the company's English name (upon becoming effective) will not affect in any way the rights of shareholders. After the name change takes effect, all existing issued shares of the company (including existing share certificates bearing the current company name) will remain valid as proof of ownership of the shares and will continue to be valid for trading, settlement, registration, and delivery.
According to the announcement, the reason behind this English brand name change is that the board believes the proposed name change will give the company a fresh corporate image and identity, which will benefit the group's future business development and serve the overall interests of the company and its shareholders. Following the rebranding, New Huo Technology will focus more on digital asset custody services.
