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Dunxin Financial Holdings Limited Announces Planned Name Change to Eason Technology Limited and 2024 Annual General Meeting of Shareholders

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HONG KONG, Oct. 1, 2024 /PRNewswire/ — Dunxin Financial Holdings Limited (“Dunxin” or the “Company”) (NYSE American: DXF), a company engaged in real estate operation management and investment and a digital technology security business in Hong Kong, is pleased to announce today that it plans to hold its 2024 Annual General Meeting of Shareholders (the “Meeting”) at 10:00 a.m., Eastern Time, on November 1, 2024, at the Company’s office at 27th Floor, Lianfa International Building, 128 Xudong Road, Wuchang District, Wuhan City, Hubei Province, People’s Republic of China, 430063. The record date for shareholders entitled to vote at the Meeting is October 2, 2024.

The agenda for the Meeting, among others routine matters, includes a proposal for the Company’s shareholders to consider, and if thought fit, approve the change of the Company’s legal name from  “Dunxin Financial Holdings Limited” to “Eason Technology Limited” (the “Name Change”), and the Company’s dual foreign name in Chinese from “敦信金融控股有限公司” to “益生科技集团” (the “Foreign Name Change”, and collectively with the Name Change, the “Name Changes”). The proposed Name Changes will not affect any rights of shareholders or the Company’s operations and financial position.

Included in the Meeting agenda is also a proposal to approve and adopt the Company’s 2024 Equity Incentive Plan and all transactions contemplated thereunder, including the reservation and issuance of shares pursuant to the 2024 Equity Incentive Plan.

Whether or not you attend the Meeting, your vote is important. Accordingly, you are asked to participate and vote regardless of the number of ordinary shares you own.

The Board of Directors of the Company has fixed the close of business on October 2, 2024 as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of the Meeting or any adjournment or postponement thereof.

Holders of the Company’s Class A Ordinary Shares, par value $0.0005 per share (the “Class A Ordinary Shares”) and Class B Ordinary Shares, par value $0.00005 per share (the “Class B Ordinary Shares”, together with the Class A Ordinary Shares, the “Shares”), at the close of business on the Record Date are cordially invited to attend the Meeting as well as any adjourned or postponed meeting thereof. Whether or not you expect to attend, you are respectfully requested by the Board of Directors to sign, date and return the enclosed proxy card promptly. Shareholders who appoint proxies retain the right to revoke them at any time prior to the voting thereof.

Holders of the Company’s American depositary shares (“ADSs”), each representing the right to receive four hundred and eighty (480) Class A Ordinary Shares may not directly exercise their right to attend or vote at the Meeting. Instead, holders of ADSs as of the Record Date will need to instruct Deutsche Bank Trust Company Americas, the depositary of the ADSs, as to how to vote the Shares represented by the ADSs.

Your vote is very important. Whether or not you plan to participate in the Meeting, we encourage you to submit your proxy or voting instructions as soon as possible.

Additional Information Concerning the Meeting and Where to Find It

In connection with the Meeting, the Company will send to its shareholders a proxy statement describing in detail the proposals to be addressed at the Meeting and providing additional logistical information related to the Meeting, the procedure for voting by proxy, and various other information related to the Meeting, along with a proxy card or voting instruction form enabling the Company’s shareholders to indicate their vote on each matter or instruct their brokers or other nominees how to vote on each matter (as applicable). The Company will also furnish copies of the proxy statement and a related proxy card to the Securities and Exchange Commission (the “SEC”) in a Report of Foreign Private Issuer on Form 6-K, which may be obtained for free from the SEC’s website at www.sec.gov or the Company’s website at http://hbctxed.com, or by directing such request to the Company’s Investor Relations department of the Company, at ir@dunxin.us. This press release is also available on the Company’s website at http://hbctxed.com.

If you are a holder of record of the Shares, you may vote at the Meeting. If you do not wish to vote at the Meeting or you will not be attending the Meeting, you may vote by proxy.

About Dunxin Financial Holdings Limited

Dunxin Financial Holdings Limited is a company engaged in real estate operation management and investment and a digital technology security business in Hong Kong, China. The Company was formerly a licensed microfinance lender serving individuals and SMEs in Hubei Province, China, but has suspended offering loans to its customers since 2020.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

 

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SOURCE Dunxin Financial Holding Limited

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MOSTLY AI Launches Synthetic Text to Overcome AI Training Plateau and Unlock High-Value Proprietary Data

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As the world runs out of public data to train AI, the new functionality safely unlocks proprietary text data to accelerate LLM development for the deployment of high-quality generative AI solutions

VIENNA and NEW YORK, Oct. 1, 2024 /PRNewswire/ — MOSTLY AI, a pioneer in structured synthetic data, has launched a synthetic text functionality, expanding the power and potential of synthetic data to train AI models as global entities struggle to leverage proprietary data assets because of privacy concerns. With this new functionality, enterprises can unlock the vast amount of proprietary text collected, such as emails, customer support transcripts, and chatbot conversations, without compromising privacy, to train and fine-tune large language models (LLMs) for faster innovation and better decision-making.

“Today, AI training is hitting a plateau as models exhaust public data sources and yield diminishing returns,” said Tobias Hann, CEO of MOSTLY AI. “To harness high-quality, proprietary data, which offers far greater value and potential than the residual public data currently being used, global enterprises must take the leap and leverage both structured and unstructured synthetic data to safely train and deploy forthcoming generative AI solutions.” 

By 2026, Gartner predicts that 75% of companies will use generative AI to create synthetic customer data, up from less than 5% in 2023. MOSTLY AI is enabling this mass adoption by expanding its platform to include synthetic text, which solves three major enterprise challenges today:

Real text data often contains sensitive information, such as personally identifiable information (PII), posing a risk of unintended exposure when used in LLMs.The available text data may not be optimal for LLM training as it often lacks diversity, and manually creating this specialized data is labor-intensive and can yield low-quality results.Companies are shifting focus from public to proprietary data. However, text data is never standalone; it comes intertwined with other structured data about their customer base.

Synthetic data is set to become the driving force behind LLMs. Leveraging advanced tools to unveil deep insights hidden in proprietary data is paramount for strategic, informed decision-making across operations. MOSTLY AI provides companies with a synthetic representation that reflects both the text and the structured insights they hold. By uniquely integrating structured and unstructured data, MOSTLY AI enables enterprises to safely create a complete and statistically accurate picture of their proprietary data assets to fine-tune and deliver high-quality, bespoke generative AI solutions in a safe and compliant way.

In addition to safety and compliance, a critical factor to consider with synthetic text is its quality. When training a downstream text classifier, synthetic text generated by the MOSTLY AI Platform delivers performance improvement as much as 35% compared to text generated by prompting GPT-4o-mini providing either no or just a few real-world examples. This significant boost demonstrates MOSTLY AI’s ability to produce high-quality, impactful synthetic data.

With this launch, enterprises can take any model from Hugging Face and fine-tune it with proprietary text data to generate synthetic data, streamlining a process that is typically complex and time-consuming. This innovation by MOSTLY AI makes it extremely convenient for large organizations to harness the power of creative, private, high quality synthetic text.

“Being able to seamlessly leverage open source models like our own Viking-7B on MOSTLY AI’s platform underlines the transformative potential of synthetic data,” said Peter Sarlin, CEO of Silo AI. “With the ability to privacy-preserving fine-tune models using proprietary text data, we’re moving beyond the sheer quantity of data to a focus on quality, which is critical for the future of AI training.”

“Bringing almost a decade of deep technical expertise, MOSTLY AI delivers superior quality and reliability, and is backed by a highly experienced team and industry-leading technological excellence,” said Christoph Hornung, Partner at Molten Ventures, investor in MOSTLY AI. “With the platform’s expansion into synthetic text, MOSTLY AI is well-positioned to support any enterprise with its sensitive data and LLM needs.”

Founded in 2017, MOSTLY AI works with global enterprises and partners including AWS, Databricks, O2 Telefónica, and more. To learn more about the company’s synthetic text functionality or get in touch with the team, please visit mostly.ai.

About MOSTLY AI
MOSTLY AI pioneered the creation of synthetic data for AI model development. Datasets generated by the MOSTLY AI platform look just as real as a company’s original customer data with just as many details, but without the original personal data points – helping companies comply with privacy protection regulations such as GDPR and CCPA. The fast-growing company currently works with multiple Fortune 100 insurers and banks in Europe and North America. Its team has the deepest expertise in helping companies get business value out of synthetic data.

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SOURCE MOSTLY AI

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Contracts to Payments Simplified, with Integrated Contract, eSignature, Invoice & Document Management Solution

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SUNNYVALE, Calif., Oct. 1, 2024 /CNW/ — SutiSoft, a global leader in cloud-based business solutions, proudly announces the launch of its groundbreaking platform that will redefine the way businesses manage contracts. This innovative solution allows users to create contracts, sign electronically, automatically generate invoices, and securely store documents—all within one seamless, user-friendly interface.

Modernizing Contract Management

In today’s fast-paced business environment, organizations need solutions that streamline operations, eliminate manual processes, and drive productivity. SutiSoft’s new platform delivers just that—offering a comprehensive, end-to-end solution that automate and simplify critical contract management workflows, from creation to completion – all from a single interface, with unprecedented ease and efficiency.

Key Features

Create Contracts Easily: Draft legally binding contracts using a user-friendly interface that supports customizable templates and workflows, ensuring consistency across agreements.eSign Documents: Close deals faster with secure, legally compliant electronic signatures. The platform ensures seamless signing from multiple parties, with real-time notifications and progress tracking.Generate Invoices Automatically: Once a contract is signed, the system automatically generates corresponding invoices, streamlining payment processes and ensuring precise billing.Store and Manage Documents Efficiently: All documents—from contracts to signed agreements and invoices—are securely stored in a robust Document Management System (DMS), ensuring that only authorized people can access the documents with detailed audit trails. 

“Switching between multiple systems to run your core operations adds layers of complexity, slowing down the process and increasing the chances of errors. We believe these critical workflows shouldn’t be so cumbersome. That’s why we envision a streamlined approach where every step—from contract creation to payment—can be managed effortlessly from a single interface. Our all-in-one platform transforms contract management from a fragmented, time-consuming process into a streamlined, efficient workflow. We’re giving companies the tools they need to operate smarter, save time, and stay competitive in a digital-first world.”

-N.D. Reddy, CEO of SutiSoft.

About SutiSoft

SutiSoft provides a wide range of cloud-based software solutions designed to meet the needs of businesses of all sizes. From eSignature solutions to expense management, CRM, and HR, SutiSoft’s offerings help organizations increase productivity, improve efficiency, and drive growth.

To learn more about SutiSoft’s new contract management platform or request a demo, please visit https://www.sutisoft.com/.

Contact: 
CAROL SLONE
Media Communication
carol.slone@sutisoft.com
(650)969-7884×415

Photo: https://mma.prnewswire.com/media/2520528/Contract_Creation_to_Payments.jpg
Logo: https://mma.prnewswire.com/media/2443868/4773576/SutiCLM_Logo.jpg 

 

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SOURCE SutiSoft Inc.

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Teledyne LeCroy Unveils Next-Generation CXL™ 2.0 Device Validation Solution

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OakGate CD280-G5 tests High-Performance, Data-Intensive CXL Memory Devices at Scale

LOOMIS, Calif., Oct. 1, 2024 /PRNewswire/ — Teledyne LeCroy, a global leader in protocol test and measurement solutions, proudly announces the OakGate CD280-G5 CXL validation test solution for PCIe 5.0-based Compute Express Link (CXL) memory expansion devices. This next-generation test solution verifies performance and functionality of CXL 2.0 memory devices, accelerating their time-to-market while ensuring high reliability.

Meeting the Demands of AI and Big Data

The rise of artificial intelligence (AI) and big data is driving the shift towards heterogeneous computing, where multiple processors work in parallel to process vast amounts of data. CXL, an open standard interconnect supported by PCIe 5.0, enables high-speed, low-latency communication between the host processor and devices such as accelerators, memory buffers, and smart I/O devices, expanding memory capacity and bandwidth to new levels of performance.

Ensuring Reliable Performance

Functional and performance validation testing is crucial to ensure CXL memory expansion devices meet the CXL standard prior to their release. The OakGate CD280-G5, designed in collaboration with data center architects as well as memory and chipset manufacturers can reliably ensure the intended performance is met.

“Micron’s collaboration with Teledyne LeCroy has helped mature the CXL compliance test ecosystem, in addition to strengthening our own CXL innovation and efforts to deliver the Micron CZ120 memory expansion module, the industry’s first CXL-compliant device in production,” said Siva Makineni, vice president of Advanced Memory Solutions at Micron. “Teledyne LeCroy’s CXL validation capabilities are playing an important role in ensuring the quality and compliance of our developing CXL 2.0 solutions. The new CD280-G5 CXL Validation Platform is enabling test and validation of advanced features to ensure broader industry adoption of CXL memory solutions.”

Advanced Features for Comprehensive Testing

The OakGate CD280-G5, equipped with the robust Endeavor validation software, offers a rich collection of validation and visualization capabilities, including:

Discovery and enumeration of CXL memory devicesAccess to PCIe and CXL register spacesExecution of common memory traffic patterns and workloadsCustomizable CXL commands via the Passthrough Command ToolBuilt-in security flows utilizing Security Protocol and Data Model (SPDM) over Data Object Exchange (DOE), System Management Bus (SMBus), and PCIe Vendor Defined Messages (VDMs)Power control and sideband testing (#PERST, #REFCLK, #PWRDIS)Launch and execution of CXL.org CXL Validation (CV) Tests

New Enhancements

The latest features packed into the Endeavor software and the CD280-G5 include:

Testing up to 8 EDSFF E.3 or CEM CXL devicesVoltage margining and power/sideband glitchingMemory interleavingAdditional SPDM security flowsProtocol analyzer functionalityBuilt-in test automation

A comprehensive Software Development Kit (SDK) based on Representational State Transfer Application Programming Interfaces (REST APIs) allows users to programmatically control and automate all features, ensuring consistent and repeatable test performance.

Availability

OakGate CXL validation test appliances are available for order now. For more information, contact Teledyne LeCroy at 1-800-5LeCroy (1-800-553-2769) or visit our website at Teledyne LeCroy OakGate CXL Validation Solutions.

About Teledyne LeCroy

Teledyne LeCroy, Inc. is a leading manufacturer of advanced oscilloscopes, protocol analyzers, and other test instruments that verify performance, validate compliance, and debug complex electronic systems quickly and thoroughly. Since its founding in 1964, the company has focused on incorporating powerful tools into innovative products that enhance “Time-to-Insight.” Faster time to insight enables users to rapidly find and fix defects in complex electronic systems, dramatically improving time-to-market for a wide variety of applications and end markets. Teledyne LeCroy is based in Chestnut Ridge, N.Y. For more information, visit Teledyne LeCroy’s website.

Technical contact:

Rob Dobson – Director of Product Mgmt. and Marketing

916-618-2372

Customer contact:

Teledyne LeCroy OakGate Customer Care Center

916-652-5132

Website:

https://teledynelecroy.com/OakGate

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SOURCE Teledyne LeCroy

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