Shenzhen, China, 13th January 2016
PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, was honored as the “Asia’s Outstanding Company on Corporate Governance” in the “11th Asian Excellence Recognition Awards” organized by Corporate Governance Asia. The award demonstrates the PAX’s excellent standards in corporate governance.
“Asia’s Outstanding Companies on Corporate Governance” is organized by “Corporate Governance Asia”, the most authoritative journal on corporate governance in Asia. Corporate governance generally including rights of shareholders, disclosure and transparency, board and management discipline, independent non-executive directors and investor relations practices, as well as corporate social responsibility and environmental practices. All awards are chosen among thousands of corporations in Asia Pacific based on their quantitative score and research results gathered from investor interviews conducted by the organizer.
PAX aims to continually maintain good corporate governance practices, and believes that it is important to have a governance framework that protects shareholder rights and the exercise of these rights. The Company is committed to effective management, a healthy corporate culture, successful business growth, enhancing shareholder value and expanding investor relations activities and quality to enhance communication with shareholders. PAX has been validated by numerous awards including Forbes Asia’s “Best Under a Billion Companies” and “Best Managed Medium Cap Company” by Asiamoney in 2015.
Mr. Chris Lee, CFO & Joint Company Secretary of PAX, said “We are delighted and honored that the Company’s corporate governance has received industry-wide recognition. Looking ahead, we will continue to maintain a mutually favorable communication with various stakeholder groups such as shareholders and investors in a transparent and open manner. Furthermore, PAX will further consolidate industry leading position and continuously optimize the Company’s related policies to create greater value for our stakeholders.”
About PAX (www.pax.com.cn)
PAX Technology is an innovative global provider of electronic payment solutions, offering world-class, cost-effective and superior quality products. Building on its service excellence and proven leadership position, PAX is one of the fastest growing payment industry suppliers with state-of-the-art manufacturing facilities, excellent R&D capabilities and a worldwide network of sales and channel partners. PAX is listed on the Hong Kong stock exchange as PAX Global Technology Ltd. (0327.HK).
About Corporate Governance Asia (http://corporategovernanceasia.info/)
Corporate Governance Asia is the most authoritative journal on corporate governance in Hong Kong and Asia. Corporate Governance Asia provides news and analysis on corporate governance issues, boardroom performance and shareholder activism.