GLOBAL MASTERMIND HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
和 滙 集 團 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8063)The Board proposes to change the English name of the Company from 'Well Way Group Limited' to 'Global Mastermind Holdings Limited' and adopt '環球大通集團有限公司' as the Chinese name of the Company for identification purposes only to replace the existing Chinese name '和滙集團有限公 司'.
A circular containing, among other matters, details of the proposed Change of Company Name, together with a notice of EGM and the related proxy form, will be despatched to the Shareholders as soon as practicable.
The Board proposes to change the English name of the Company from 'Well Way Group Limited' to 'Global Mastermind Holdings Limited' and adopt '環球大通集團有限公司' as the Chinese name of the Company for identification purposes only to replace the existing Chinese name '和滙集團有限公司'.
The Change of Company Name is conditional upon the following conditions having been satisfied:
the passing of a special resolution by the Shareholders at the EGM approving the Change of Company Name; and
the Registrar of Companies in the Cayman Islands granting approval for the Change of Company Name.
The Board considers that the Change of Company Name will better reflect the Company's future business development. The Board believes that the new English and Chinese names of the Company will improve the Company's corporate image and position, whereas the Board considers to be in the interests of the Company and the Shareholders as a whole.
Assuming all the conditions set out in the paragraph headed 'Conditions for the Change of Company Name' having been fulfilled, the Change of Company Name will take effect from the date of entry of the new name of the Company on the register maintained by the Registrar of Companies in the Cayman Islands. The Company will then carry out all necessary filing procedures with the Registrar of Companies in the Cayman Islands and the Companies Registry in Hong Kong.
The Change of Company Name will not affect any rights of the Shareholders or the Company's daily business operation or its financial position. All existing share certificates of the Company in issue bearing the current name of the Company will, upon the Change of Company Name becoming effective, continue to be good evidence of legal title to such Shares and will remain valid for trading, settlement, registration and delivery purposes. There will not be any arrangement for the exchange of the existing share certificates for new share certificates bearing the new name of the Company. Upon the Change of Company Name becoming effective, all new share certificates will be issued only in the new name of the Company.
In addition, subject to confirmation by the Stock Exchange, the English and Chinese stock short names of the Company for trading in the securities on the Stock Exchange will also be changed after the Change of Company Name becoming effective. Further announcement(s) will be made by the Company in relation to the effective date of the Change of Company Name and details of the change of the English and Chinese stock short names of the Company.
An EGM will be convened and held for the Shareholders to consider and, if thought fit, approve, among other matters, the Change of Company Name. A circular containing, among other matters, details of the proposed Change of Company Name, together with a notice of EGM and the related proxy form, will be despatched to the Shareholders as soon as practicable.
As no Shareholders have a material interest in the Change of Company Name, no Shareholders will be required to abstain from voting on the resolution to approve the Change of Company Name.
DEFINITIONSIn this announcement, unless the context otherwise requires, the following expressions have the following meanings when used herein:
'Board' the board of Directors
'Change of
Company Name'
the proposal for the Company to change its English name from 'Well Way Group Limited' to 'Global Mastermind Holdings Limited' and adopt '環球大通集團有限公司' as the Chinese name of the Company for identification purposes only to replace the existing Chinese name '和滙集團有限公司'
'Company' Well Way Group Limite d（和滙集團有限公司 ）, a company incorporated in the Cayman Islands with limited liability the issued Shares of which are listed on GEM (stock code: 8063)
'Director(s)' director(s) of the Company
'EGM' the extraordinary general meeting of the Company to be convened to approve, among other matters, the Change of Company Name
'GEM' the Growth Enterprise Market of the Stock Exchange 'GEM Listing Rules' the Rules Governing the Listing of Securities on GEM 'Group' the Company and its subsidiaries
'HK$' Hong Kong dollar(s), the lawful currency of Hong Kong
'Hong Kong' Hong Kong Special Administrative Region of the People's Republic of
China
'Share(s)' ordinary share(s) of HK$0.01 each in the share capital of the Company
'Shareholder(s)' holder(s) of the issued Shares
'Stock Exchange' The Stock Exchange of Hong Kong Limited
By Order of the Board
Well Way Group Limited Mung Bun Man, AlanExecutive Director
Hong Kong, 16 October 2015
As at the date of this announcement, the Board comprises Mr. Mung Kin Keung, Mr. Mung Bun Man, Alan, Mr. Leung Wai Man and Mr. Tse Ke Li as executive Directors and Mr. Chan Wai Man, Mr. Chan Ho Bun, Steve and Mr. Fung Wai Ching as independent non-executive Directors.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the GEM website at www.hkgem.com on the 'Latest Company Announcements' page for at least seven days from the date of its posting and on the Company's website at www.wellwaygp.com.
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