Eason Technology Limited Faces NYSE Compliance Concerns Over Filing Delay

Eason Technology Limited, a prominent player in the realm of real estate operations and digital technology security, announced recently that it has received a notification from NYSE Regulation. The notice highlights the company’s failure to comply with NYSE American LLC's continued listing standards, specifically concerning the timely submission of its Form 20-F for the fiscal year that ended on December 31, 2024.

The deadline for this crucial filing was May 15, 2025, but Eason Technology did not meet this deadline. This situation is classified as a 'Filing Delinquency,' and as a consequence, the company will be scrutinized under Section 1007 of the NYSE American Company Guide. This regulatory framework outlines the processes and requirements that Eason must adhere to in light of their filing lapse.

NYSE Regulation has indicated that the company will undergo a monitoring phase lasting six months from the date of the delinquency, concluding on November 15, 2025. This period is referred to as the 'Initial Cure Period', during which Eason Technology must address the filing issue and submit the overdue Form 20-F. Should the company fail to make the necessary filings within this timeframe, it may be granted an additional six-month period—termed the 'Additional Cure Period'—depending on specific circumstances. However, if the situation remains unresolved, the likelihood of suspension and delisting could become a grim reality for Eason Technology.

The company previously acknowledged in a Form 12b-25 that it encountered challenges that prevented the timely submission of its 2024 Form 20-F. The delay primarily stemmed from difficulties in completing financial statements for the preceding fiscal year. Despite these setbacks, Eason Technology is dedicated to rectifying the situation as promptly as possible within the Initial Cure Period. However, there is no guarantee of compliance restoration, which has understandably raised concerns among investors and stakeholders alike.

It is important to note that this delinquency notice does not have an immediate effect on the listing status of Eason Technology’s American Depositary Shares (ADSs). They will continue to be traded on the NYSE American during the curing process, provided that the company adheres to the remaining listing criteria required by the exchange.

About Eason Technology Limited

Eason Technology Limited operates within the sectors of real estate management and investment, while also providing digital technology security services mainly in Hong Kong, China. The company remains committed to navigating regulatory challenges and enhancing its operational frameworks to align with industry expectations.

Safe Harbor Statement

This public announcement contains forward-looking statements as defined by the United States Private Securities Litigation Reform Act of 1995. These statements are often identified by terms like 'expects,' 'anticipates,' 'believes,' and similar expressions, indicating expectations regarding potential future events. It is crucial to understand that these forward-looking declarations are not guarantees of performance and are subject to uncertainties and risks that could impact actual outcomes.

For further information on Eason Technology's regulatory and operational updates, stakeholders are encouraged to monitor their filings with the Securities and Exchange Commission, available at www.sec.gov.