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Eason Technology Limited Receives Notification from NYSE Regarding Delinquent Filing of its Semi-annual Financials
Prnewswire· 2026-01-09 18:30
Core Viewpoint - Eason Technology Limited is currently not in compliance with NYSE American's continued listing standards due to a failure to timely file its semi-annual financial information for the period ended June 30, 2025, by the due date of December 31, 2025 [1][2]. Group 1: Compliance and Filing Issues - The company received a notice from NYSE Regulation regarding its non-compliance with listing standards due to the delinquent filing of its Interim Report [1]. - NYSE American will monitor the company's status for a six-month Initial Cure Period until June 30, 2026, during which the company must rectify the filing delinquency [2]. - If the company fails to cure the delinquency within the Initial Cure Period, it may be granted an Additional Cure Period of up to six months, but failure to comply could lead to suspension and delisting procedures [2][3]. Group 2: Company Operations - The company attributed the delay in filing to challenges in completing its financial statements for the half year ended June 30, 2025, and is making efforts to file the Interim Report as soon as possible [3]. - 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, provided other listing requirements are met [4]. Group 3: 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 in Hubei Province, China, but has suspended loan offerings since 2020 [5].