QuantumPh-P proposed to be renamed as "Jingtai Holding Limited"
QUANTUMPH-P(02228) announced that its board of directors proposed to change the Company's English name from "QuantumPharm Inc." to "XtalPi Holdings Limited" and adopt "Jingtai Holdings Limited" as the Company's dual-language corporate name.
The Company has been using the trading name "XtalPi" and "Jingtai" for its day-to-day operations and business development activities over the past decade, which has established a high brand awareness among its major stakeholders, including some of the top pharmaceutical companies in China and globally. The board believes that the proposed change of the Company's English name to "XtalPi Holdings Limited" and adoption of the Company's Chinese name "Jingtai Holdings Limited" will provide the Company with a clearer corporate image and identity, which will be beneficial to the Company's future business and development in China and globally. The board believes that the proposed name change is in the best interests of the Company and its shareholders.