Primega Group approved a name change to DirectBooking Technology Co., enhancing brand identity aligned with growth in technology.
Quiver AI Summary
Primega Group Holdings Limited announced the approval of a proposal to change its English name to "DirectBooking Technology Co., Ltd." and adopt a Chinese name "直订科技有限公司" at an Extraordinary General Meeting of Shareholders held on September 11, 2025. The name change is pending approval from the Registrar of Companies in the Cayman Islands. The meeting, chaired by Tan Yu, met quorum requirements, and the resolution passed with over two-thirds of votes from shareholders. The Board of Directors emphasized that this name change will enhance the company's brand identity and align with its strategic goals in technological innovation, particularly in the hospitality and retail sectors. Primega aims to leverage technology to empower traditional industries and create sustainable value, while also focusing on developing a digital ecosystem for the liquor industry.
Potential Positives
- The proposal to change the company's name was officially approved, reflecting a strategic alignment with its goals in technological innovation.
- The new name, "DirectBooking Technology Co., Ltd.," is expected to enhance the company's brand identity and better communicate its business focus.
- The decision received strong support from shareholders, with the special resolution passing by at least two-thirds of the votes cast.
- The company aims to empower traditional industries and promote sustainable value creation, demonstrating its commitment to innovation in the hospitality and retail sectors.
Potential Negatives
- The approval of the name change could indicate a need for rebranding, suggesting past challenges in market perception or alignment with industry trends.
- The dependence on the approval of the Registrar of Companies in the Cayman Islands introduces uncertainty in the implementation of the name change.
- The focus on a specific sector (hospitality and retail) may limit the company's market appeal and diversification strategy moving forward.
FAQ
What is the new name of Primega Group Holdings Limited?
The company is changing its English name to "DirectBooking Technology Co., Ltd." and adopting the Chinese name "直订科技有限公司".
Why did the company decide to change its name?
The name change aims to enhance brand identity and align with strategic goals in technological innovation and development.
When did the Extraordinary General Meeting take place?
The Extraordinary General Meeting was held on September 11, 2025, at 9:00 a.m. in Hong Kong.
What was the outcome of the shareholder meeting?
The proposal to change the company's name was approved by not less than two-thirds of the votes cast by shareholders.
How does Primega Group plan to use technology in its business?
The company intends to empower traditional industries like hospitality and retail through technology and sustainable value creation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
HONG KONG, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Primega Group Holdings Limited (NASDAQ: ZDAI) (the “Company”) announced that during the Extraordinary General Meeting of Shareholders (the “Meeting”) held today at 9:00 a.m. at Room 2912, 29/F., New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, the proposal to change the Company’s English name and to adopt the Company’s Chinese name was officially approved subject to and conditional upon the approval of the Registrar of Companies in the Cayman Islands.
The Meeting was duly convened, with Tan Yu elected as the Chairperson of the Meeting in accordance with the Company’s Articles of Association. The Chairperson confirmed that the Meeting met the quorum requirement.
Special Resolution Passed
The following special resolution was deliberated and approved:
“ THAT , subject to and conditional upon the approval of the Registrar of Companies in the Cayman Islands, the English name of the Company be changed from “Primega Group Holdings Limited” to “DirectBooking Technology Co., Ltd.” (“ Change of English Name ”) and the Chinese name of “直订科技有限公司” be adopted as the dual foreign name of the Company (“ Adoption of Chinese Name ”) with effect from the date of entry of the new English name and the dual foreign name in Chinese of the Company on the register maintained by the Registrar of Companies in the Cayman Islands and the date on which the certificate of incorporation on change of name is issued by the Registrar of Companies in the Cayman Islands and that any director, company secretary, and/or the registered office provider of the Company be and are hereby authorized to do all such acts and things and execute all such documents as he/she/they consider necessary, desirable or expedient for the purpose of, or in connection with, the implementation of and giving effect to the Change of English Name and the Adoption of Chinese Name, and to attend to any necessary registration and/or filing for and on behalf of the Company.”
The special resolution was approved by not less than two-thirds of the votes cast by shareholders present in person or by proxy at the Meeting.
Company Statement
The Board of Directors stated that the approved name change will further enhance the Company’s brand identity and align with its strategic goals in technological innovation and core business development. The Company is committed to empowering traditional industries, particularly in the hospitality and retail sectors, through technology and promoting sustainable value creation.
About Primega Group
Primega Group is a Cayman Islands-registered holding company that provides transportation and construction engineering services. On the basis of its existing operations, the company is committed to transforming traditional industries such as hospitality and retail, empowering industries, and driving sustainable value creation. As a comprehensive enterprise group integrating liquor production, research and development, and sales, the Group aims to implement its strategic plan of "empowering traditional industries with technology." By leveraging its technological capabilities to redefine industry boundaries, it seeks to build a "digital ecosystem matrix for baijiu" and establish a digital platform for the liquor industry. Through the dual drivers of "digital empowerment and cultural heritage," the Group strives to redefine the consumer experience of baijiu and become an innovation benchmark in the high-end custom liquor sector. The recent name change reflects the company’s strategic focus on new business objectives and further solidifies its position in the industry.
