Eason Technology Limited Received NYSE American Non-Compliance Letter

Rhea-AI Summary

Eason Technology (NYSE: DXF) received a notice from NYSE American on October 14, 2025, that it is not in compliance with Section 1003(a)(ii) of the NYSE American Company Guide.

The Company reported stockholders' equity of RMB 28 million (≈ USD 3.8 million) as of December 31, 2024 and recorded losses in three of its four most recent fiscal years. Eason is not currently eligible for an equity exemption and must submit a compliance plan by November 13, 2025 to regain compliance by April 14, 2027. If no acceptable plan is filed or the company fails to meet the plan, delisting proceedings may follow. The Company's ADSs will remain listed and tradable during the cure period, subject to other listing requirements.

Positive

• ADS listing will continue during the cure period
• Plan submission deadline set for November 13, 2025

Negative

• Stockholders' equity RMB 28 million as of December 31, 2024
• Equity ≈ USD 3.8 million based on RMB7.2993/USD
• Losses in three of four fiscal years ended December 31, 2024
• Compliance deadline April 14, 2027 or delisting proceedings

Insights

Listing compliance analyst

Notice cites low shareholders' equity and multi-year losses; company must file a recovery plan by November 13, 2025.

Eason Technology faces a formal non-compliance finding under Section 1003(a)(ii) after reporting RMB 28 million (about USD 3.8 million) in stockholders' equity as of December 31, 2024, and losses in three of its four most recent fiscal years. The Exchange requires a written plan addressing how the company will regain compliance.

The firm must submit a plan by November 13, 2025 and reach compliance by April 14, 2027, or face delisting procedures. The ADSs remain listed during the cure period, but the filing obligation and potential delisting create an increased regulatory and execution risk for the company through the compliance window.

Watch the submitted plan and any Exchange response between now and November 13, 2025, then monitor documented progress toward the April 14, 2027 deadline. Key facts to track are acceptance of the plan and any interim milestones the Exchange requires.

HONG KONG, Oct. 20, 2025 /PRNewswire/ -- Eason Technology Limited ("Eason Technology" or the "Company") (NYSE: DXF) today announced that it received a notice from NYSE Regulation indicating that the Company is not in compliance with the continued listing standards of NYSE American LLC ("NYSE American" or the "Exchange") on October 14, 2025. The Company is below compliance with Section 1003(a)(ii) of the NYSE American Company Guide (the "Company Guide") since it reported stockholders' equity of RMB 28 million (approximately USD$3.8 million based on an exchange rate of RMB 7.2993 to US$1.00) as of December 31, 2024, and losses from continuing operations and/or net losses in three of its four most recent fiscal years ended December 31, 2024 (the "Deficiency"). The Company is also not currently eligible for any exemption in Section 1003(a) of the Company Guide from the stockholders' equity requirements.

The Company is now subject to the procedures and requirements set forth in Section 1009 of the Company Guide. In connection with its Deficiency, the Company must submit a plan by November 13, 2025 ("Plan Due Date"), advising of actions it has taken or will take to regain compliance with the continued listing standards by April 14, 2027 ("Compliance Deadline").

If the Company does not submit a compliance plan or if the plan is not accepted, delisting proceedings will commence. Furthermore, if the plan is accepted but the Company is not in compliance with the continued listing standards by the Compliance Deadline, or if the Company does not make progress consistent with the plan during the plan period, Exchange staff will initiate delisting proceedings as appropriate. The Company may appeal a staff delisting determination in accordance with Section 1010 and Part 12 of the Company Guide.

This delinquency notice has no immediate impact on the listing of the Company's ADSs, which will continue to be listed and traded on the NYSE American during the cure period subject to continued compliance with the other listing requirements of the NYSE American.

About Eason Technology Limited

Eason Technology Limited is a company engaged in real estate operation management and investment and digital technology security business in Hong Kong, China. The Company was formerly a licensed microfinance lender serving individuals and SMEs in Hubei Province, China, but has suspended offering loans to its customers since 2020.

Safe Harbor Statement

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.

Media Contact: 

Mark Xu
ir@dunxin.us

View original content:https://www.prnewswire.com/news-releases/eason-technology-limited-received-nyse-american-non-compliance-letter-302589305.html

SOURCE Eason Technology Limited

FAQ

What did Eason Technology (DXF) receive from NYSE American on October 14, 2025?

Eason Technology received a notice that it is not in compliance with Section 1003(a)(ii) due to low equity and multi-year losses.

How much stockholders' equity did Eason Technology report for 2024 (DXF)?

The company reported RMB 28 million, approximately USD 3.8 million using the stated exchange rate.

When is Eason Technology's compliance plan due for NYSE American (DXF)?

The compliance plan must be submitted by November 13, 2025.

What is the NYSE American compliance deadline for Eason Technology (DXF)?

The Company must regain compliance by April 14, 2027 or face potential delisting proceedings.

Will Eason Technology's ADSs stop trading immediately after the notice (DXF)?

No; the ADSs will remain listed and tradable during the cure period, subject to other listing requirements.