Technovator changes its Chinese company name to Tongfang

The change will be effective from October 26.

In a statement, Technovator International Limited, announced that its shareholders have approved the change of its Chinese company name to “同方泰 德國際科技有限公司”.

The Company’s name in English remains “Technovator International Limited”. With effect from 9:00 a.m., 26 October, 2012, the Chinese stock short name for trading in the shares of the Company on the Hong Kong Stock Exchange will be changed from “科諾威德” to “同方泰德”, while the English stock short name of “Technovator” remains unchanged.

Mr. Zhao Xiao Bo, Executive Director and Chief Executive Officer of Technovator said, “The Company has been listed in Hong Kong for almost a year since 27 October 2011 and our listing has significance in the market. We ar ethe first company from Tsinghua University to be listed overseas, and also the first spin-off listing of an international tech-company on an overseas stock exchange from a mainland A-share listed company.

With the approaching first anniversary of our listing, the change of the Company’s Chinese name takes on added significance. We hope that the adoption of the new Chinese name will enable investors and the public to have a better understanding and a more outstanding impression of the Company.”

The change of Chinese company name to Tongfang not only highlights the Company’s close relationship with its largest shareholder, Tongfang , but also better reflects the Company’s competitive advantages and leading position in the industry.

At the same time, the change of the Company’s Chinese name unifies and perfects the Company’s overall corporate image in China, which in turn bolsters its brand recognition in the China market and promotes the  Company’s core competency.