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 it has established a strategic technology research and development group (“Strategic Technology Group”) in response to the impact of the COVID-19 pandemic and opportunities arising during this period. The Strategic Technology Group focuses on industrial and rail automation, manufacturing automation, medical automation and other control applications and systems that help our clients accelerate and streamline the work process. The Strategic Technology Group will be directed by Mr. Changli Wang, founder of the Company. Other members of the Strategic Technology Group include: Mr. Lei FANG, the Co-Chief Operating Officer of the Company, Mr. Xue YU, the Co- Chief Operating Officer of the Company, Dr. Chunming HE, the Chief Technology Officer of the Company, Mr. Hongyuan SHI, the Chief Human Resources Officer of the Company and Dr. Lei REN, the general manager of Beijing Hollysys Smart Energy Tech. Co., Ltd (“Hollysys Smart Energy”), a subsidiary of the Company.
Hollysys’ management commented: “We are very pleased to see the establishment of the Strategic Technology Group, which demonstrates our continuous commitment to research and development. Our investment in research and development has placed us at the forefront of research into the impact and benefits that automation can bring to our clients, and we expect, with the help of the Strategic Technology Group, to explore more possibilities and opportunities both in China and abroad and to create value for our shareholders. We are fortunate to have our founder Mr. Changli Wang joining us as the head of the Strategic Technology Group to lead our research and development efforts, and to support us at this critical stage as we look to prepare for the post-pandemic period.”
Changli WANG (“Dr. Wang”), aged 57, is the founder of the Company and has retired from the Company since 2013 with honor. Dr. Wang started the Company with the vision of an entrepreneur and an innovator and led the development of our key products, such as DCS and PLC. He served as a director and the Chief Executive Officer from the establishment of the Company in 2007 to 2013 and as the chairman of the board of the Company from 2010 to 2013. In addition, Dr. Wang served as the chairman of Beijing Hollysys from 2009 to 2010 and the Chief Executive Officer and the vice chairman of the Board of Beijing Hollysys from 1993 to 2009. From 1988 to 1993, Dr. Wang held the position of an engineer in the 6th Research Institute of China Electronics Corporation. Dr. Wang was also the vice chairman of the Chinese Automation Association from 2003 to 2013. Dr. Wang received his Bachelor’s degree in Automation from Tianjin University in 1984 and his Ph.D. in Automation from Lancaster University in the UK in 1988.
Lei FANG (“Mr. Fang”), aged 44, is the Co-Chief Operating Officer of the Company and has led the Company’s industrial automation business since 2013. From 2017 to 2020 Mr. Fang served as the vice president of Hollysys Group, supervising the industrial automation business. From 2011 to 2013, Mr. Fang was in charge of the establishment and team building of Xi’an Hollysys, the Company’s research center in Xi’an. From 1998 to 2011, he was engaged in software development and the development of DCS control system for its application in various industries, including nuclear, coal-fire, thermal power and chemical, etc. Mr. Fang received his Master’s degree in computer from the 6th Research Institute of China Electronics Corporation and Bachelor degree in automatic control from Xidian University.
Yue XU (“Mr. Xu”), aged 58, is the Co-Chief Operating Officer of the Company. From 2009 to June 2020 Mr. Xu served as the vice president of Hollysys Group, supervising the railway transportation business. Mr. Xu joined the Company in 2000. From 2000 to 2009, he served as the president of Beijing Hollysys, managing the research and development of railway transportation operation, and led numerous key projects for China State Railway Group Co., Ltd. Mr. Xu received the National Science Progress Award (2nd class) in 2017. Mr. Xu received his Master’s degree in computer application from Beijing Jiaotong University.
Chunming HE (“Dr. He”), aged 52, is the Chief Technology Officer of the Company. Since 2016 he has been the vice president and the head of the research institute of Hollysys Group, supervising the research and development as well as product and quality control, in particular, Dr. He specializes in the industrial digital transformation covering the area of industry 4.0 and cyber physical systems and the implementation of Integrated Product Development system. Dr. He joined the Company in 2000. From 2011 to 2012, Dr. He directed the development of safety reinforcement of existing railway signaling system. From 2000 to 2011, Dr. He helped establish the railway signaling R&D team and led the development of comprehensive railway signaling system covering interlock system, on-ground and on-board system, track circuit, etc. Dr. He is an expert of the talent pool organized by Ministry of Science and Technology of PRC and Beijing Municipal Science & Technology Commission, and a fellow of IRSE (Institution of Railway Signal Engineers). He received the National Science Progress Award (2nd class) in 2017. Dr. He received his Ph.D. from the school of mechanical engineering, Beijing Institute of Technology.
Hongyuan SHI (“Mr. Shi”), aged 51, is the Chief Human Resources Officer of the Company. He has been the vice president of Hollysys Group since 2009, supervising different business segments over the years, including new products, industrial automation business, management information system and human resources. Mr. Shi joined the Company in 1997. From 2009 to 2015, Mr. Shi served as the head of subway business and the head of industrial automation business. From 1997 to 2008, he served as the associate head of technology center and the head of product center. Mr. Shi received his Master’s degree and his Bachelor’s degree in precision instrument from Tsinghua University.
Lei REN (“Dr. Ren”), aged 58, is the general manager of Hollysys Smart Energy. Dr. Ren was the engineering director of Johnson Electric HK from 2013 to 2015. From 2007 to 2008, Dr. Ren was the vice president and chief engineer of Beijing Hollysys Automation & Drive. From 2002 to 2007, he was the motor R&D and OEM manager of Beijing Hollysys Electric. Dr. Ren is an expert fellow of the National Micromotor Technical Committee for Standardization and an invited professor for Xi’an Micromotor Research Institute. He received his Ph.D. in motor and control from Harbin Institute of Technology in 1997.