BEIJING, Sept. 26, 2017 /PRNewswire/ -- Hollysys
Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or
the "Company"), a leading provider of automation and control
technologies and applications in China, announced today that the Board of
Directors of Hollysys has declared an annual cash dividend of
$0.12 per ordinary share for 2017.
The dividend will be payable on or about November 6, 2017 to shareholders of record at the
close of business on October 16,
2017.
The declaration of future cash dividends, pursuant to the
Company's dividend policy, is subject to final discretion of the
Board of Directors based on a number of factors, including but not
limited to, the Company's financial performance, its available cash
resources, capital requirements and its investment opportunities.
Accordingly, there can be no assurance that dividends in the
future will be equal or similar in amount to the amounts described
in this press release or that the Board of Directors will not
decide to suspend or discontinue, altogether, the payment of cash
dividends in the future.
Hollysys' management said: "We are pleased to return value to
shareholders through paying regular cash dividend. We greatly
appreciate the support of Hollysys' shareholders and are very glad
to be able to reward their support with paying them the cash
dividend, which we believe is a prudent use of cash. In future, our
Board of Directors will continue to evaluate Hollysys' ongoing
financial and operational performance in determining the amount and
timing of future dividends to ensure they are strategically aligned
to enhance shareholder value."
About Hollysys Automation Technologies Ltd. (NASDAQ:
HOLI)
Hollysys Automation Technologies is a leading provider of
automation and control technologies and applications
in China that enables its diversified industry and
utility customers to improve operating safety, reliability, and
efficiency. Founded in 1993, Hollysys has approximately 3,200
employees with nationwide presence in over 60 cities in China,
with subsidiaries and offices in Singapore,
Malaysia, Dubai, India, and serves over 10,000 customers
more than 25,000 projects in the industrial, railway, subway &
nuclear industries in China, South-East Asia, and
the Middle East. Its proprietary technologies are applied in
its industrial automation solution suite including DCS (Distributed
Control System), PLC (Programmable Logic Controller), RMIS
(Real-time Management Information System), HAMS (HolliAS Asset
Management System), OTS (Operator Training System), HolliAS BATCH
(Batch Application Package), HolliAS APC Suite (Advanced Process
Control Package), SIS (Safety Instrumentation System), high-speed
railway signaling system of TCC (Train Control Center), ATP
(Automatic Train Protection), Subway Supervisory and Control
platform, SCADA (Supervisory Control and Data Acquisition), nuclear
power plant automation and control system and other products.
SAFE HARBOUR:
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical fact included
herein are "forward-looking statements," including statements
regarding: the ability of the Company to achieve its commercial
objectives; the business strategy, plans and objectives of the
Company and its subsidiaries; and any other statements of
non-historical information. These forward-looking statements are
often identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions, involve known and
unknown risks and uncertainties. Such forward-looking statements,
based upon the current beliefs and expectations of Hollysys'
management, are subject to risks and uncertainties, which could
cause actual results to differ from the forward looking statements.
Although the Company believes that the expectations reflected in
these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's reports that are filed with the
Securities and Exchange Commission and available on its website
(http://www.sec.gov). All forward-looking statements attributable
to the Company or persons acting on its behalf are expressly
qualified in their entirety by these factors. Other than as
required under the securities laws, the Company does not assume a
duty to update these forward-looking statements.
For further information, please contact:
Hollysys Automation Technologies Ltd.
www.hollysys.com
+86-10-5898-1386
investors@hollysys.com
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SOURCE Hollysys Automation Technologies, Ltd