SMJ International Holdings Inc. Receives a Warning Letter from NYSE American LLC
The warning follows two earlier reminders about the company's material-news disclosure obligations.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
SMJ International Holdings (SMJF) received a public warning from NYSE American over delayed disclosure of executive resignations under its listing rules.
The letter, dated October 6, 2026, determined that the company violated Section 401(a), which requires immediate disclosure of material information. Executive director Lee Lay Choo and Chief Financial Officer Low Yeen Mei Sherina resigned effective immediately on September 29, 2026; the company disclosed the departures in a Form 6-K on October 1, 2026.
The company said it is reviewing and enhancing its procedures for timely disclosure to ensure future compliance.
How this balance works
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.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Minor point. Forward-looking: it has not happened yet and may not happen.Disclosure procedures are being reviewed and enhanced to ensure future compliance, the company said.
Negative
- Moderate pointNYSE American warning determined a Section 401(a) violation for disclosing September 29 resignations on October 1.
Details
Market move: SMJF -5.20% vs previous close. regulatory warning letter
On Oct 7, the day this news came out, the latest delayed price for SMJF is 5.20% below the previous close. Argus tracked a trough of -6.9% from its starting point during tracking. Our momentum scanner has recorded 9 alerts for this stock so far that day. The latest delayed price is $1.64.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Exchange advance notice
- At least 10 minutes
- For material disclosures made between 7:00 A.M. and 4:00 P.M. Eastern Time
- Covered disclosure window
- 7:00 A.M.–4:00 P.M. Eastern Time
- Section 401(a) advance-notice requirement applies to announcements in this window
Historical Context
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Company issued a Section 401(d) statement after unusual trading; the current warning concerns Section 401(a) disclosure compliance.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
form 6-k regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
SINGAPORE, Oct. 07, 2026 (GLOBE NEWSWIRE) -- SMJ International Holdings Inc. (NYSE American: SMJF) (the “Company”) today announced that it has received a public warning letter, dated October 6, 2026 (the “Warning Letter”), issued by NYSE Regulation on behalf of NYSE American LLC (the “Exchange”), regarding the Company’s disclosure of material news in a manner that failed to comply with Section 401(a) of the NYSE American Company Guide (the “Company Guide”).
Section 401(a) of the Company Guide requires a listed company to make immediate public disclosure of all material information concerning its affairs and, when such disclosure is to be made between 7:00 A.M. and 4:00 P.M. Eastern Time, to notify the Exchange at least ten minutes prior to the announcement.
According to the Warning Letter, at approximately 4:33 P.M. Eastern Time on October 1, 2026, the Company filed a Report on Form 6-K with the U.S. Securities and Exchange Commission (the “SEC”) disclosing, among other things, that on September 29, 2026, Ms. Lee Lay Choo tendered her resignation as an executive director of the Board of Directors of the Company and Ms. Low Yeen Mei Sherina resigned as Chief Financial Officer of the Company, effective immediately. The Warning Letter states that, when the Company disclosed this material information on October 1, 2026, the Company failed to comply with Section 401(a) of the Company Guide because the Company did not make immediate public disclosure of the September 29, 2026 material information.
The Warning Letter also notes that NYSE Regulation staff previously reminded the Company of its obligations under Section 401(a) of the Company Guide on February 17, 2026 and August 27, 2026, in connection with other NYSE Regulation staff inquiries into trading activity in the Company's shares.
The Warning Letter further states that, as a result of the foregoing, the Exchange has determined that the Company violated Section 401(a) of the Company Guide and that, in accordance with Section 1009(a)(i) of the Company Guide, NYSE Regulation issued the Company the Warning Letter.
This announcement is being made in accordance with Section 401(j) of the Company Guide, which requires a separate public disclosure of the Warning Letter by the Company. The Company takes its disclosure obligations seriously and is reviewing and enhancing its procedures for the timely dissemination of material information to ensure future compliance with the Company Guide.
About SMJ International Holdings Inc.
SMJ International Holdings Inc. and its subsidiaries (“SMJ Group”) are Singapore-based premier flooring specialists that have a well-established reputation and track records with the commercial and institutional sectors in Asia. It specializes in the sale and distribution of a wide range of premier flooring products such as carpet tiles, broadloom carpets and vinyl tiles under its proprietary brand known as “SMJ” in Singapore and over 20 countries mainly in Asia. To meet the increasing demand for green and eco-friendly materials in Asia, SMJ Group also supplies flooring products that have been certified as environmentally friendly to support government initiatives in promoting sustainable building practices in Asia. For more information, visit https://smjf.com.sg/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “we believe,” “we intend,” “may,” “should,” “will,” “could” and similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequently occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For more information, please contact:
Investor Relations
SMJ International Holdings Inc.
+65 6261-1212
media@smjf.com.sg
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Why did SMJ International Holdings (SMJF) receive a NYSE American warning?
NYSE American determined that SMJ failed to disclose material executive resignations immediately, violating Section 401(a) of its Company Guide. The departures took effect on September 29, 2026, but were disclosed in a Form 6-K on October 1, 2026.
Had NYSE Regulation previously reminded SMJF about disclosure requirements?
NYSE Regulation staff reminded SMJ of its Section 401(a) obligations on February 17, 2026, and August 27, 2026. Those reminders were connected with other staff inquiries into trading activity in the company's shares.
What material-news disclosure rules apply to SMJF under NYSE American Section 401(a)?
Section 401(a) requires immediate public disclosure of all material information concerning the company. When disclosure is to occur between 7:00 A.M. and 4:00 P.M. Eastern Time, the company must notify the Exchange at least ten minutes before the announcement.