09:29 START TECH<00706> - Announcement (1) The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of this announcement. START TECHNOLOGY COMPANY LIMITED (incorporated in Bermuda with limited liability) (Stock code: 706) PROPOSED CHANGE OF COMPANY NAME The Directors announce that a special resolution for changing the name of the Company will be proposed at the forthcoming annual general meeting of the Company. A circular containing details of, among other matters, the proposed change of company name will be despatched to the shareholders of the Company as soon as practicable. The board of directors ("Directors") of Start Technology Company Limited ("Company") announces that the Directors propose to change the name of the Company from "Start Technology Company Limited" to "FinTronics Holdings Company Limited". A new Chinese name of "*" is also proposed to be adopted by the Company to replace the existing Chinese name of "*" for identification purposes. Reasons and conditions for the change The proposed change of company name is to reflect the intention of shifting the major focus of the Group from the present business of provision of software development and systems integration services to electronic finance sector following the acquisition of 30% interests in Loten Technology Co., Ltd. ("Loten"), a solution provider in relation to the management of automatic teller machines for financial institutions in the People's Republic of China. The provision of electronic finance services is an addition to the present businesses of the Group. The Directors are confident that the management of the Group and the existing management of Loten will continue to steer the business carried on by Loten to flourish. Despite the shift in the business focus, the Group will continue its present business of provision of software development and systems integration services. The proposed change of company name is conditional upon (i) the passing of a special resolution by the shareholders ("Shareholders") of the Company approving the change of company name at the forthcoming annual general meeting of the Company; and (ii) the approval by the Registrar of Companies in Bermuda. The change of company name will become effective when the new name is entered in the register of companies by the Registrar of Companies in Bermuda. Status of the existing certificates for securities of the Company The change of company name will not affect any rights of the holders of securities of the Company. The existing certificates for securities of the Company bearing the present name of the Company shall after the proposed change of company name becoming effective continue to be evidence of title to such securities and will be valid for trading,