Santech Holdings has received a 180-day extension from Nasdaq until May 26, 2025, to regain compliance with the minimum bid price requirement. The company's transfer from Nasdaq Global Market to Nasdaq Capital Market was approved and became effective on December 5, 2024.To regain compliance, the company must maintain a closing bid price of at least US$1.00 per ADS for a minimum of ten consecutive business days during the extension period. Santech meets all other Capital Market listing requirements except for the minimum bid price requirement.The company is actively monitoring compliance and considering various options, including potential implementation of a reverse share split and ADS ratio change if necessary. This extension was granted based on Santech's market value of publicly held shares, written intention to cure the deficiency, and agreement to Nasdaq Listing Agreement conditions.

Santech Holdings has received a 180-day extension from Nasdaq until May 26, 2025, to regain compliance with the minimum bid price requirement. The company's transfer from Nasdaq Global Market to Nasdaq Capital Market was approved and became effective on December 5, 2024.To regain compliance, the company must maintain a closing bid price of at least US$1.00 per ADS for a minimum of ten consecutive business days during the extension period. Santech meets all other Capital Market listing requirements except for the minimum bid price requirement.The company is actively monitoring compliance and considering various options, including potential implementation of a reverse share split and ADS ratio change if necessary. This extension was granted based on Santech's market value of publicly held shares, written intention to cure the deficiency, and agreement to Nasdaq Listing Agreement conditions.