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SU Group Holdings Faces Compliance Issue with Nasdaq

On August 27, 2025, SU Group Holdings Limited (Nasdaq: SUGP) received a formal notification from The Nasdaq Stock Market concerning a deficiency in publicly held shares. This notification highlights that SU Group has not met the required standard set forth in Nasdaq's listing rules, specifically Listing Rule 5550(a)(4). Given the company's business operations, this situation has raised concerns amongst stakeholders and investors alike.

Understanding the Notification

The notice was triggered by SU Group's recent submission to Nasdaq on August 7, 2025, which indicated that the company was holding approximately 424,000 publicly available shares as of the post-split ratio established on August 25, 2025. This figure is notably below the minimum requirement of 500,000 publicly held shares needed for continued listing on Nasdaq. It's crucial to note that the count excludes shares owned by directors, executives, or significant stakeholders who hold over 10% of the company's equity.

Despite the notification, it’s essential to clarify that this communication does not signify an imminent delisting. The trading activities of SU Group's shares will persist without interruption on the Nasdaq Capital Market, allowing investors to retain confidence in the company amidst this notification.

Next Steps for Compliance

SU Group has until October 13, 2025, to present a comprehensive plan to regain compliance with Listing Rule 5550(a)(4). The company has expressed its intention to devise and submit a feasible plan within this stipulated timeframe. If the Nasdaq stock exchange does not approve the proposed plan, SU Group has the right to appeal the decision to a Nasdaq Hearings Panel, potentially enabling it to maintain its listing on the exchange.

About SU Group Holdings Limited

For context, SU Group Holdings Limited operates out of Hong Kong and specializes in providing security-related engineering services. The company has been at the forefront of the security industry, offering a range of services including security guarding, screening services, and vocational training. Over the past 20 years, SU Group has built a solid reputation by delivering integrated security solutions, which encompass the design, supply, installation, and maintenance of a variety of security systems across public and private sectors.

These systems include critical infrastructure in commercial properties, public facilities, and residential locations throughout Hong Kong. Amid this recent notification from Nasdaq, it’s vital for stakeholders to maintain awareness of developments surrounding SU Group, as the company works to resolve its compliance issues while continuing its operations in the thriving security service sector.

Future Outlook

Looking ahead, the company recognizes the importance of a robust response to this compliance issue. The outcome of their appeal or submitted plan will significantly impact their reputation in the financial markets. Stakeholders and investors are encouraged to remain updated on SU Group’s actions in resolving this matter. As the company articulates its strategy for compliance, the market will be watching closely to see how it navigates these challenges in adherence to Nasdaq's regulatory requirements.

SU Group's ability to address the deficiency with deliberate and effective measures will determine not only its compliance status but also influence investor confidence in the company’s future prospects. As the deadline approaches, anticipation mounts regarding how the company will reaffirm its commitment to governance and regulatory compliance in the eyes of its investors and the broader market.