Green Circle Decarbonize Technology Limited Transitions to OTC Trading Platform

Trading through existing brokerage accounts, once OTC trading begins, will depend on brokers' policies and capabilities.

Rhea-AI Summary

Green Circle Decarbonize Technology (GCDT) had trading in its Class A ordinary shares suspended on November 3, 2026. NYSE American commenced delisting proceedings because the shares' low selling price made the company unsuitable for continued listing under Section 1003(f)(v).

The company anticipates trading on the OTC Pink Limited Market under GCDT and intends to request a Listing Qualifications Panel review within seven calendar days of receiving the notice. Green Circle remains an SEC reporting company and intends to continue its required filings. It expects no effect on business operations, partner or employee relationships, or reporting obligations from the transition.

0 points · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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1 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• None.

Negative

• Major pointNYSE American trading was suspended November 3, 2026, with delisting proceedings initiated over the shares' low selling price.
• Minor point. Forward-looking: it has not happened yet and may not happen.OTC trading access, once trading begins, is subject to brokers' policies and capabilities.

News Explained

The shares remain issued and outstanding in shareholders’ existing brokerage accounts; once OTC trading begins, holders may be able to trade through those accounts, subject to their brokers’ policies and capabilities.

Key Figures

Review request period: seven calendar days

Review request period

seven calendar days

Applicable period following receipt of the delisting notice

Key Terms

form 20-f, form 6-k, exchange act

3 terms

form 20-f regulatory

"including filing its annual reports on Form 20-F"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

form 6-k regulatory

"and furnishing current reports on Form 6-K"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

exchange act regulatory

"reporting obligations under the Securities Exchange Act of 1934"

A federal law that sets rules for trading securities on public exchanges, requiring companies and market participants to register, disclose regular financial information, and follow standards that promote honest, orderly markets. For investors, it matters because it creates transparency and legal protections—like stopping insider trading and ensuring timely company disclosures—so you can evaluate risks and rely on consistent rules much as players rely on a referee to keep a game fair.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Company Intends to Request Review of NYSE American Delisting Determination Within Applicable Seven Calendar-Day Period

Green Circle Remains an SEC Reporting Company and Continues to Focus on Strategic Transaction Opportunities

Hong Kong, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Green Circle Decarbonize Technology Limited (“Green Circle” or the “Company”) (GCDT), a premier provider of customized energy-saving solutions, today announced that it has received notification on November 3, 2026 from NYSE American LLC (“NYSE American”) that the staff of NYSE Regulation has determined to commence proceedings to delist the Company's Class A ordinary shares (the “Ordinary Shares”) from NYSE American. Trading in the Ordinary Shares was suspended immediately upon receipt of the notification on November 3, 2026. NYSE Regulation determined that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the Ordinary Shares.

The Company anticipates that the Ordinary Shares will begin trading publicly on the OTC Pink Limited Market (“OTC Market”) under the symbol “GCDT”. The transition to the OTC Market is not expected to affect the Company's business operations, its relationships with business partners or employees, or its reporting obligations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Shareholders are not required to take any action in connection with the suspension or transition to the OTC Market. The Ordinary Shares remain issued and outstanding and will continue to be held in shareholders' existing brokerage accounts. Once trading commences on the OTC Market, shareholders may be able to trade their Ordinary Shares through their existing brokerage accounts, subject to their brokers' policies and capabilities.

The Company currently intends to request review of NYSE Regulation's determination before a Listing Qualifications Panel ("Panel") by submitting a written request within the applicable seven calendar day period following receipt of the notice, in accordance with NYSE American procedures.

The Company remains subject to the reporting requirements of the Exchange Act and intends to continue satisfying its applicable reporting obligations with the U.S. Securities and Exchange Commission (the “SEC”), including filing its annual reports on Form 20-F and furnishing current reports on Form 6-K.

About Green Circle Decarbonize Technology Limited

Green Circle Decarbonize Technology Limited is a Cayman Islands holding company operating through its Hong Kong subsidiary, Boca International Limited. The Company is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act. These statements may relate to, but are not limited to, the anticipated trading of the Ordinary Shares in the over-the-counter market, the Company's efforts and ability to regain compliance with NYSE American's continued listing standards, the Company's ability to appeal NYSE Regulation's determination, and the Company's ability to conclude a strategic transaction or business combination. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified.

In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue,” or the negative of these terms or other comparable terminology concerning the Company's expectations, strategy, plans or intentions. You should not place undue reliance on any forward-looking statements. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.

These risks and uncertainties include risks arising from the suspension of trading in, and potential delisting of, the Ordinary Shares from NYSE American; risks relating to trading in the Ordinary Shares in the over-the-counter market, including reduced liquidity and the potential for further declines in the trading price of the Ordinary Shares; the Company's ability to conclude a strategic transaction or business combination; the Company's ability to successfully appeal NYSE Regulation's determination; and other risks and uncertainties detailed from time to time in the Company's reports filed with the SEC. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement.

For more information, please contact:

Green Circle Decarbonize Technology Limited

Chief Financial Officer
Email: louis.leung@vbg.com.hk

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did NYSE American suspend Green Circle GCDT shares?

NYSE Regulation determined that the shares' low selling price made Green Circle unsuitable for continued listing under Section 1003(f)(v) of the NYSE American Company Guide. Trading was suspended immediately upon receipt of the notification on November 3, 2026, and delisting proceedings were initiated.

Where will Green Circle GCDT shares trade after the NYSE American suspension?

Green Circle anticipates that its Class A ordinary shares will begin trading on the OTC Pink Limited Market under the symbol GCDT.

Do Green Circle shareholders need to take action for the OTC transition?

Shareholders are not required to take any action in connection with the suspension or OTC transition. The shares remain issued and outstanding and will continue to be held in existing brokerage accounts. Once OTC trading begins, shareholders may be able to trade through those accounts, subject to their brokers' policies and capabilities.