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
News Market Reaction
On the day this news was published, DXF gained 3.53%, reflecting a moderate positive market reaction. Argus tracked a peak move of +3.9% during that session. Argus tracked a trough of -4.2% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $153K to the company's valuation, bringing the market cap to $4M at that time.
Data tracked by StockTitan Argus on the day of publication.
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
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?
How much stockholders' equity did Eason Technology report for 2024 (DXF)?
When is Eason Technology's compliance plan due for NYSE American (DXF)?
What is the NYSE American compliance deadline for Eason Technology (DXF)?
Will Eason Technology's ADSs stop trading immediately after the notice (DXF)?
