{"id":790284,"date":"2024-11-25T05:54:48","date_gmt":"2024-11-25T10:54:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/"},"modified":"2024-11-25T05:54:48","modified_gmt":"2024-11-25T10:54:48","slug":"santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/","title":{"rendered":"Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">HONG KONG, Nov.  25, 2024  (GLOBE NEWSWIRE) &#8212; Santech Holdings Limited (NASDAQ: STEC) (\u201cSantech\u201d or the \u201cCompany\u201d) announced today that it received a notice of non-compliance from Nasdaq Stock Market LLC (\u201cNasdaq\u201d) on November 21, 2024 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended June 30, 2024, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of the Company\u2019s American depositary shares on the Nasdaq.<\/p>\n<p>Under Nasdaq\u2019s listing rules, the Company has 60 calendar days to submit a plan to regain compliance. If the plan is accepted by Nasdaq, the Company can be granted up to 180 calendar days from the Form 20-F\u2019s due date, or until May 14, 2024, to regain compliance.<\/p>\n<p>The Company is currently working with its advisers to prepare the Filing or to formulate the requisite plan to regain compliance and intends to submit such Filing or such plan to Nasdaq within the timeframe required under Nasdaq\u2019s Rules.<\/p>\n<p>\n        <strong>About Santech Holdings Limited<\/strong>\u00a0<\/p>\n<p>Santech Holdings Limited (NASDAQ: STEC) is a consumer-focused technology company. The Company historically served a large number of high net-worth clients in China in financial services and health management, and accumulated a large customer base. The Company has exited or disposed of its historical businesses in financial services and is actively exploring innovative new opportunities in technology, including but not limited to new retail, social e-commerce and metaverse. For more information, please visit https:\/\/ir.santechholdings.com.\u00a0<\/p>\n<p>\n        <strong>Safe Harbor Statement<\/strong>\n      <\/p>\n<p>This press release contains statements that may constitute \u201cforward-looking\u201d statements pursuant to the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201canticipate,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201congoing,\u201d \u201cexpect,\u201d \u201caim,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cis\/are likely to,\u201d \u201ccould\u201d and similar statements. Statements that are not historical facts, including statements about the Company\u2019s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company\u2019s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n<p align=\"justify\">\n        <strong>Investor Contact:<\/strong><br \/>\n        <br \/>Santech Holdings Limited<br \/>Email:\u00a0<u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v_lK2LBgJ8kPch_urJVyxFAy4ooD23Ev0KdjVIcrLjmoFNAFS8NKaFFaNosrK5urlx1dVkdWxyvMtLN_HzuBYxVfOIMFISv7KleUQvx6i-A=\" rel=\"nofollow\" target=\"_blank\">ir@santechholdings.com<\/a><\/u><\/p>\n<p align=\"justify\">\n        <strong>Media Contact:<\/strong><br \/>\n        <br \/>ICR, LLC<br \/>Edmond Lococo<br \/>Phone: +86 138-1079-1408<br \/>Email:\u00a0<u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fDiG-v8Dovu394FJeIfrjGiTYClxkY_l3eG4SEAkYsyHBQ_aT4NP1FrZfDYkFYe-5SmH8BlLc78x_ggg1_djqHEwMAyq6B3kbOxkcwesOoQ=\" rel=\"nofollow\" target=\"_blank\">SantechPR@icrinc.com<\/a><\/u><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI4OTM4NCM2NjA5MTAyIzIyOTE5OTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YzdhNjQ0ZjUtOTM3Zi00NzE3LTlhMjItNTZiYTM1NmQyZDQ4LTEzMDM1NDE=\/tiny\/Santech-Holdings-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG, Nov. 25, 2024 (GLOBE NEWSWIRE) &#8212; Santech Holdings Limited (NASDAQ: STEC) (\u201cSantech\u201d or the \u201cCompany\u201d) announced today that it received a notice of non-compliance from Nasdaq Stock Market LLC (\u201cNasdaq\u201d) on November 21, 2024 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended June 30, 2024, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of the Company\u2019s American depositary shares on the Nasdaq. Under Nasdaq\u2019s listing rules, the Company has 60 calendar days to submit a plan to regain &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-790284","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HONG KONG, Nov. 25, 2024 (GLOBE NEWSWIRE) &#8212; Santech Holdings Limited (NASDAQ: STEC) (\u201cSantech\u201d or the \u201cCompany\u201d) announced today that it received a notice of non-compliance from Nasdaq Stock Market LLC (\u201cNasdaq\u201d) on November 21, 2024 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended June 30, 2024, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of the Company\u2019s American depositary shares on the Nasdaq. Under Nasdaq\u2019s listing rules, the Company has 60 calendar days to submit a plan to regain &hellip; Continue reading &quot;Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-25T10:54:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI4OTM4NCM2NjA5MTAyIzIyOTE5OTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F\",\"datePublished\":\"2024-11-25T10:54:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\\\/\"},\"wordCount\":445,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTI4OTM4NCM2NjA5MTAyIzIyOTE5OTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\\\/\",\"name\":\"Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/","og_locale":"en_US","og_type":"article","og_title":"Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F - Market Newsdesk","og_description":"HONG KONG, Nov. 25, 2024 (GLOBE NEWSWIRE) &#8212; Santech Holdings Limited (NASDAQ: STEC) (\u201cSantech\u201d or the \u201cCompany\u201d) announced today that it received a notice of non-compliance from Nasdaq Stock Market LLC (\u201cNasdaq\u201d) on November 21, 2024 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended June 30, 2024, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of the Company\u2019s American depositary shares on the Nasdaq. Under Nasdaq\u2019s listing rules, the Company has 60 calendar days to submit a plan to regain &hellip; Continue reading \"Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/","og_site_name":"Market Newsdesk","article_published_time":"2024-11-25T10:54:48+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI4OTM4NCM2NjA5MTAyIzIyOTE5OTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F","datePublished":"2024-11-25T10:54:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/"},"wordCount":445,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI4OTM4NCM2NjA5MTAyIzIyOTE5OTE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-limited-received-notification-of-deficiency-from-nasdaq-related-to-not-timely-filing-of-annual-report-on-form-20-f\/","name":"Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F - 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