Eason Technology Limited Received NYSE American Non-Compliance Letter

Core Points - Eason Technology Limited has received a notice from NYSE Regulation indicating non-compliance with continued listing standards due to insufficient stockholders' equity and losses in recent fiscal years [1][2] - The company reported stockholders' equity of RMB 28 million (approximately USD 3.8 million) as of December 31, 2024, and has incurred losses from continuing operations in three of the last four fiscal years [1] - Eason Technology must submit a compliance plan by November 13, 2025, to regain compliance by April 14, 2027 [2][3] Compliance Procedures - The company is now subject to the procedures outlined in Section 1009 of the NYSE American Company Guide [2] - If the compliance plan is not submitted or accepted, delisting proceedings will commence [3] - The company may appeal any delisting determination in accordance with the Company Guide [3] Current Listing Status - The delinquency notice does not have an immediate impact on the listing of the company's American Depositary Shares (ADSs), which will continue to be traded on NYSE American during the cure period [4] Company Background - Eason Technology Limited is involved in real estate operation management and investment, as well as digital technology security in Hong Kong, China [5] - The company previously operated as a licensed microfinance lender but has suspended loan offerings since 2020 [5]