Core Viewpoint - Powell Max Limited has received a notification from Nasdaq regarding non-compliance with corporate governance requirements due to the resignation of a board member, but the company has since taken steps to regain compliance [1][2][3]. Group 1: Compliance Issues - On February 5, 2026, Nasdaq notified Powell Max that it no longer meets certain corporate governance requirements following the resignation of Ms. Lee Chern Koay from the board and audit committee [1]. - The specific non-compliance relates to the independent director and audit committee composition rules under Nasdaq Listing Rule 5605(c)(2), which mandates an audit committee of at least three independent directors [1]. Group 2: Remedial Actions - The company appointed four new independent directors on January 30, 2026, and reconstituted the audit committee on February 6, 2026, to consist of three independent directors who meet Nasdaq's independence and financial literacy requirements [3]. - Powell Max believes it has regained compliance with Nasdaq corporate governance requirements and has notified Nasdaq accordingly [3]. Group 3: Current Status - The notice from Nasdaq does not have an immediate effect on the listing of the company's Class A ordinary shares, which will continue to trade on the Nasdaq Capital Market under the symbol "PMAX" [4]. Group 4: Company Overview - Powell Max Limited is a financial communications services provider based in Hong Kong, offering a range of services including financial printing, corporate reporting, and language support for corporate clients [4]. - The company's clientele includes both domestic and international companies listed in Hong Kong, as well as those seeking to list in Hong Kong [4].