The buyer consortium (the “Consortium”) consisting of CPE Funds Management Limited, Mr. Shao Baiqing (“Mr. Shao”) and Ace Lead Profits Limited today issued a statement in response to the
announcement from Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) (the “Company”) on January 8, 2021 rejecting the December 7, 2020 proposal (the “Proposal”) from the Consortium to acquire all