Santech Holdings received a notice from Nasdaq on November 21, 2024, stating non-compliance with Listing Rule 5250(c)(1) due to not filing its Form 20-F for the year ended June 30, 2024. The company has 60 calendar days to submit a compliance plan, with a potential 180-day extension until May 14, 2025, if accepted.The notice does not immediately affect the listing of Santech's American depositary shares, which continue trading on Nasdaq under "STEC". Santech is working with advisers to prepare the filing or formulate a compliance plan within the required timeframe.Santech, formerly focused on financial services and health management for high-net-worth clients in China, has exited these businesses. The company is now exploring new opportunities in technology, including new retail, social e-commerce, and metaverse.

Santech Holdings received a notice from Nasdaq on November 21, 2024, stating non-compliance with Listing Rule 5250(c)(1) due to not filing its Form 20-F for the year ended June 30, 2024. The company has 60 calendar days to submit a compliance plan, with a potential 180-day extension until May 14, 2025, if accepted.The notice does not immediately affect the listing of Santech's American depositary shares, which continue trading on Nasdaq under "STEC". Santech is working with advisers to prepare the filing or formulate a compliance plan within the required timeframe.Santech, formerly focused on financial services and health management for high-net-worth clients in China, has exited these businesses. The company is now exploring new opportunities in technology, including new retail, social e-commerce, and metaverse.