On January 19, SY Holdings Group Limited (“SY Holdings” or the “Company”, stock code: 6069.HK) announced the change of its stock short name from “盛业资本” to “盛业” in Chinese and from “SHENGYE CAPITAL” to “SY HOLDINGS” in English, with effect from January 24, 2022. The stock code of the Company will remain unchanged as “6069”. The change of stock short name of the Company will not affect any rights of the existing shareholders.
The change of stock short name will help expand the capital market and partners' awareness of SY Holdings’ supply chain technology ecosystem, and create long-term value for all participants and stakeholders in the ecosystem. This is also part of SY Holdings’ brand upgrade. Shortly before that, the Company has officially rebranded to its new company name, using the brand image upgrade as a new starting point, with the removal of “capital” from its name, SY Holdings is no longer restricted by the labels of finance and capital, and will better focus on building a supply chain technology platform, create a smart supply chain service ecosystem with its digital intelligence technology, and empower more small, medium and micro enterprises (“SMEs”) with underserved funding needs.
Founded in 2013, SY Holdings became China’s first commercial factoring company listed on the Hong Kong Stock Exchange in 2017, providing inclusive financing services to SMEs. As SY Holdings continues to enhance its technology innovation capability and upgrade its business, the Company has evolved into an industry-focused supply chain fintech platform and received the designation as a national high-technology enterprise. To date, its proprietary Easy Factoring Cloud Platform has connected with over 10 core enterprise ecosystems, served more than 10,000 SMEs and reached a cumulative account receivable assets under management of over RMB130 billion. Recently, Easy Factoring Cloud Platform has obtained the highest level of national certification for security systems for non-bank institutions in China, providing a solid technical base for SY Holdings’ supply chain fintech platform in terms of big data analytics, targeted customer acquisition and business innovation. SY Holdings is a constituent of the MSCI Small Cap China Index, Hang Seng Composite Index and Shenzhen-Hong Kong Stock Connect and is backed by notable institutional investors including Temasek Holdings, China Taiping Insurance, Olympus Capital and Wuxi Communications Industry Group.
