Summary by Futu AI
OSL GROUP LIMITED (FORMERLY BC TECHNOLOGY GROUP LIMITED) ANNOUNCED THAT IT COMPLETED THE ISSUANCE OF NEW SHARES UNDER SPECIAL MANDATE ON JANUARY 12, 2024, WITH A SERIES OF BOARD AND MANAGEMENT CHANGES. This includes the resignations of several executive directors and independent non-executive directors, as well as the appointment of new directors. Mr. Pun Chi Yong has been appointed as Executive Director, Chairman of the Board and Chief Executive Officer. In addition, the company announced a change of company name to OSL Group Limited and adopted a new corporate logo. After the share reorganization, East Harvest will be wholly owned by Mr. Gao, with a shareholding ratio of approximately 10.67% of the total issued share capital of the Company. After the issuance of the new shares, the Subscriber BGX Group Holding Limited will hold approximately 29.95% of the shares in the company. The Company will announce the effective date of the change of name and stock short name separately.