IMTE Announces Receipt of Deficiency Letter from Nasdaq

Core Viewpoint - Integrated Media Technology Limited (IMTE) has received a deficiency letter from Nasdaq due to its failure to timely file its annual report for the year ended December 31, 2023, which affects its compliance with Nasdaq Listing Rule 5250(c)(1) [1][2]. Group 1: Compliance and Reporting - The company has until July 16, 2024, to submit a Compliance Plan to Nasdaq to regain compliance with the listing rules [2]. - If the Compliance Plan is accepted, Nasdaq may grant an extension until November 11, 2024, for the company to regain compliance [3]. - The delay in filing the annual report is attributed to the need for additional time for the independent registered public accounting firm to conduct an audit of the company's financial statements [3]. Group 2: Impact on Listing - The deficiency letter does not have an immediate impact on the listing of the company's ordinary shares on the Nasdaq Capital Market [4]. - The announcement is made in compliance with Nasdaq Listing Rule 5810(b), which mandates prompt disclosure of deficiency notifications [4]. Group 3: Company Overview - IMTE is engaged in various businesses, including the manufacturing of electronic glass, trading in Halal products, and the sale of new energy products and solutions [5].