Weiye Holdings Limited (ASX: 01570) has announced that its board of directors, after careful consideration of the potential impact and improvements for the company's future business development and direction, has decided to withdraw the 10th special resolution concerning the proposed name change as detailed in the previous circular and notice.

Following board deliberation, and for the purposes outlined in the announcements—namely to provide the company with a new and modernized corporate image to strengthen its market influence and brand recognition, and to better reflect the company's future business development strategy and positioning in pursuit of new opportunities and directions—the board will proceed with a new proposal. Although the resolution for the proposed name change was withdrawn at the Annual General Meeting, the board will convene a Special General Meeting of the company's shareholders as soon as practicable.

This Special General Meeting will be held for shareholders to consider and, if deemed appropriate, approve the proposal to change the company's English name from "WEIYE HOLDINGS LIMITED" to "DJSH International Holdings Limited."

The board maintains its belief that the proposed name change is in the best interests of the company and its shareholders as a whole.