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Majestic Ideal Holdings Ltd Announces Approval of Name Change to "Ping An Biomedical Co., Ltd." at Extraordinary General Meeting

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Majestic Ideal Holdings (NASDAQ: MJID) announced that shareholders approved changing the company's name to Ping An Biomedical Co., Ltd. at an Extraordinary General Meeting held on September 12, 2025, in Hong Kong.

The name change, which includes updating the Chinese name from "威美控股有限公司" to "平安生物医药有限公司", will become effective upon approval from the Cayman Islands Registrar of Companies. The Board believes this rebranding will better reflect the company's strategic focus on biomedical and healthcare technologies.

Majestic Ideal Holdings (NASDAQ: MJID) ha annunciato che gli azionisti hanno approvato la modifica del nome della società in Ping An Biomedical Co., Ltd. durante un'Assemblea Generale Straordinaria tenutasi il 12 settembre 2025 a Hong Kong.

La modifica del nome, che include l'aggiornamento del nome cinese da "威美控股有限公司" a "平安生物医药有限公司", entrerà in vigore previo l'approvazione da parte dell'Registrar of Companies delle Cayman Islands. Il Consiglio ritiene che questo rebranding rifletta meglio l'orientamento strategico dell'azienda verso le tecnologie biomediche e sanitarie.

Majestic Ideal Holdings (NASDAQ: MJID) anunció que los accionistas aprobaron cambiar el nombre de la empresa a Ping An Biomedical Co., Ltd. en una Junta General Extraordinaria celebrada el 12 de septiembre de 2025 en Hong Kong.

El cambio de nombre, que incluye actualizar el nombre en chino de "威美控股有限公司" a "平安生物医药有限公司", entrará en vigor tras la aprobación por parte del Cayman Islands Registrar of Companies. La Junta cree que este rebranding reflejará mejor el enfoque estratégico de la empresa en tecnologías biomédicas y sanitarias.

Majestic Ideal Holdings (NASDAQ: MJID)? ???? 2025? 9? 12? ???? ?? ???????? ??? ??? Ping An Biomedical Co., Ltd.? ???? ?? ????? ??????.

? ?? ???? ??? ??? 威美控股有限公司?? 平安生物医药有限公司? ?????? ?? ????, ??ман ??? ?????? ??? ?? ? ?????. ???? ? ????? ??? ??? ??? ???? ? ?? ??? ? ? ??? ???? ?? ????.

Majestic Ideal Holdings (NASDAQ: MJID) a annoncé que les actionnaires ont approuvé le changement de nom de la société en Ping An Biomedical Co., Ltd. lors d'une Assemblée Générale Extraordinaire tenue le 12 septembre 2025 à Hong Kong.

Le changement de nom, qui comprend la mise à jour du nom chinois de ? 威美控股有限公司 ? à ? 平安生物医药有限公司 ?, prendra effet après l'approbation par le Registrar of Companies des Cayman Islands. Le Conseil estime que ce rebranding reflétera mieux l'orientation stratégique de l'entreprise vers les technologies biomédicales et de la santé.

Majestic Ideal Holdings (NASDAQ: MJID) hat angekündigt, dass die Aktion?re die Umfirmierung des Unternehmens in Ping An Biomedical Co., Ltd. auf einer au?erordentlichen Hauptversammlung am 12. September 2025 in Hongkong genehmigt haben.

Die Namens?nderung, zu der auch die Aktualisierung des chinesischen Namens von ?威美控股有限公司“ zu ?平安生物医药有限公司“ geh?rt, tritt nach der Genehmigung durch das Registrar of Companies der Cayman Islands in Kraft. Der Vorstand ist der Ansicht, dass dieses Rebranding die strategische Ausrichtung des Unternehmens auf Biomedizinische und Gesundheits-Technologien besser widerspiegeln wird.

Majestic Ideal Holdings (NASDAQ: MJID) ????? ?? ????????? ?????? ??? ????? ??? ?????? ??? Ping An Biomedical Co., Ltd. ?? ?????? ??????? ?????? ??? ??????? ???? ???? ?? 12 ?????? 2025 ?? ???? ????.

???? ????? ????? ????? ????? ????? ?????? ?? ?威美控股有限公司? ??? ?平安生物医药有限公司?? ?????? ?????? ??? ?????? ??? ??????? ?? ??? ??????. ????? ?????? ?? ??? ????? ????? ??????? ???????? ????? ???? ???? ??????? ??????????? ?????? ??? ???????? ??????? ?????? ???????? ??????.

Majestic Ideal Holdings (NASDAQ: MJID) 宣布,股东已在于2025年9月12日在香港召开的非常大会上通过将公司名称改为Ping An Biomedical Co., Ltd.

名称变更还包括将中文名从“威美控股有限公司”更新为“平安生物医药有限公司”,在开曼群岛公司注册处批准后生效。董事会认为此次品牌改名将更好地反映公司在生物医学和医疗保健技术方面的战略重点。

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Majestic Ideal's name change to Ping An Biomedical signals a strategic pivot toward biomedical sector, reflecting significant business repositioning.

The approved name change from "Majestic Ideal Holdings Ltd" to "Ping An Biomedical Co., Ltd." represents more than a cosmetic update – it signals a fundamental strategic repositioning of the company's business model and focus. By removing the generic "Holdings" designation and explicitly incorporating "Biomedical" into its corporate identity, the company is telegraphing a comprehensive shift toward specialization in the healthcare and biotechnology sectors.

This transformation likely reflects an intentional strategic pivot to capitalize on growth opportunities in the biomedical industry, which has seen substantial investment and market expansion globally. The Board's statement that this change will "align with its strategic focus on biomedical and healthcare technologies" indicates this isn't merely a rebranding but rather the public manifestation of an underlying business transformation that has likely been developing internally.

For investors, this name change serves as a clear signal that the company is repositioning its business activities, assets, and future investments to concentrate on the biomedical sector. Such strategic narrowing often indicates a company's intention to develop deeper expertise, more focused R&D initiatives, and potentially more targeted acquisition strategies within a specific industry vertical.

The unanimous approval by shareholders suggests strong investor alignment with this strategic direction, though the market's ultimate reception will depend on the company's subsequent execution and communication of specific biomedical initiatives and partnerships going forward.

HONG KONG, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Majestic Ideal Holdings Ltd (NASDAQ: MJID) (the “Company”) announced that during the Extraordinary General Meeting of Shareholders (the “Meeting”) held today at 11:00 a.m. at the Company’s office located at 7/F, China United Plaza, 1002-1008, Tai Nan West Street, Cheung Sha Wan, Kowloon, Hong Kong, the proposal to change the Company’s 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, and Ms. Ll, Yuk Yin Judy, acting as the Chairperson of the Meeting in accordance with the Company’s Articles of Association, declared the Meeting open and confirmed that the quorum requirement was met.

Resolutions Passed

The Meeting deliberated and unanimously approved the following special resolutions:

Change of Company Name

The Company’s English name will be changed from “Majestic Ideal Holdings Ltd” to “Ping An Biomedical Co., Ltd.”

The Company’s Chinese name will be changed from “威美控股有限公司” to “平安生物医药有限公司”.

The name change will take effect upon 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.

Authorization to Implement Name Change

The Meeting authorized any one director, the secretary, and/or the registered office provider of the Company to notify the Cayman Islands Registrar of Companies of the special resolutions, complete all necessary filings, and take any actions required to implement the name change.

Both special resolutions were approved by a majority of at least two-thirds of shareholders being entitled to vote and present in person or by proxy at the Meeting.

Company Statement

The Board of Directors believes that the approved name change will enhance the Company’s corporate image and align with its strategic focus on biomedical and healthcare technologies. The Company remains committed to driving innovation and positioning itself as a leader in the industry.

About Majestic Ideal Holdings Ltd

Majestic Ideal Holdings Ltd is a one-stop SCM service provider in the apparel industry. It is also a forward-thinking company dedicated to delivering innovative solutions in healthcare and biomedical technology. The proposed name change reflects its commitment to advancing its mission and positioning itself as a leader in the industry.



For more information, please contact:
Celestia Investor Relations
Email: [email protected]

FAQ

What is the new name of Majestic Ideal Holdings (NASDAQ: MJID)?

Majestic Ideal Holdings will be renamed to Ping An Biomedical Co., Ltd., with a new Chinese name '平安生物医药有限公司', pending approval from the Cayman Islands Registrar of Companies.

When did MJID shareholders approve the company name change?

Shareholders approved the name change during an Extraordinary General Meeting held on September 12, 2025, in Hong Kong.

Why is Majestic Ideal Holdings (MJID) changing its name?

The company is changing its name to enhance its corporate image and better align with its strategic focus on biomedical and healthcare technologies.

What approvals are needed for MJID's name change to take effect?

The name change requires approval from the Registrar of Companies in the Cayman Islands and will take effect upon the entry of the new names in their register and issuance of a new certificate of incorporation.
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Textile Manufacturing
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