Zhibao Technology Announces Receipt of Nasdaq Deficiency Letter
Zhibao Technology (NASDAQ: ZBAO) received a deficiency letter from Nasdaq for non-compliance with Nasdaq Listing Rule 5250(c)(1) due to its failure to file the Form 20-F for fiscal year ended June 30, 2025. The notice has no immediate effect on the listing of the Company's Class A ordinary shares.
The Company has 60 calendar days to submit a plan to Nasdaq to regain compliance. If Nasdaq accepts a plan, it may grant up to 180 calendar days from the annual report's due date, which would extend the compliance deadline to May 13, 2026. If Nasdaq does not accept a plan, the Company may appeal to a Nasdaq Hearings Panel. The Company intends to file the 2025 Annual Report as soon as practicable and, if necessary, submit a plan to regain compliance.
Zhibao Technology (NASDAQ: ZBAO) ha ricevuto una lettera di difformità da Nasdaq per non conformità con la Nasdaq Listing Rule 5250(c)(1) a causa del mancato deposito del Form 20-F per l'esercizio chiuso al 30 giugno 2025. L'avviso non ha effetto immediato sul quotamento delle azioni ordinarie di Classe A della Società.
La Società ha 60 giorni di calendario per presentare a Nasdaq un piano volto a ripristinare la conformità. Se Nasdaq accetta un piano, può concedere fino a 180 giorni di calendario dall due data del rendiconto annuale, estendendo il termine di conformità al 13 maggio 2026. Se Nasdaq non accetta un piano, la Società può presentare ricorso a un Nasdaq Hearings Panel. La Società intende depositare il Rendiconto Annuale 2025 non appena possibile e, se necessario, presentare un piano per ripristinare la conformità.
Zhibao Technology (NASDAQ: ZBAO) recibió una carta de deficiencia de Nasdaq por incumplimiento de la Regla de Listado de Nasdaq 5250(c)(1) debido a no presentar el Formulario 20-F para el año fiscal terminado el 30 de junio de 2025. El aviso no tiene efecto inmediato sobre el listado de las acciones ordinarias Clase A de la Compañía.
La Compañía tiene 60 días naturales para presentar a Nasdaq un plan para volver a cumplir. Si Nasdaq acepta un plan, puede conceder hasta 180 días naturales desde la fecha de vencimiento del informe anual, lo que extendería el plazo de cumplimiento hasta el 13 de mayo de 2026. Si Nasdaq no acepta un plan, la Compañía puede apelar ante un Panel de Audiencias de Nasdaq. La Compañía tiene la intención de presentar el Informe Anual 2025 tan pronto como sea práctico y, si es necesario, presentar un plan para volver a cumplir.
Zhibao Technology(NASDAQ: ZBAO)는 Nasdaq Listing Rule 5250(c)(1) 위반으로 2025년 6월 30일 종료 회계연도에 대한 Form 20-F을 제출하지 않은 것에 대해 Nasdaq으로부터 불이행 서한을 받았습니다. 이 통지는 회사의 Class A 보통주 상장에 즉시 영향을 미치지 않습니다.
회사는 준수 회복 계획을 Nasdaq에 제출하기 위해 60일의 캘린더 데이를 가지고 있습니다. Nasdaq가 계획을 수락하면, 연차보고서 마감일로부터 최대 180일을 부여할 수 있으며, 이는 준수 기한을 2026년 5월 13일까지 연장합니다. Nasdaq가 계획을 수락하지 않으면, 회사는 Nasdaq 심판위원회에 이의제기를 할 수 있습니다. 회사는 가능한 한 빨리 2025년 연차보고서를 제출하고, 필요시 준수 회복 계획을 제출할 것입니다.
Zhibao Technology (NASDAQ: ZBAO) a reçu une lettre de carence de Nasdaq pour non-conformité à la règle de cotation Nasdaq 5250(c)(1) en raison du refus de déposer le Formulaire 20-F pour l’exercice clos le 30 juin 2025. L’avis n’a aucun effet immédiat sur l’inscription des actions ordinaires de classe A de la Société.
La Société dispose de 60 jours calendaires pour présenter à Nasdaq un plan visant à rétablir la conformité. Si Nasdaq accepte un plan, il peut accorder jusqu’à 180 jours calendaires à partir de la date d’échéance du rapport annuel, ce qui porterait le délai de conformité à 13 mai 2026. Si Nasdaq n’accepte pas le plan, la Société peut faire appel devant un Nasdaq Hearings Panel. La Société a l’intention de déposer le Rapport Annuel 2025 dès que possible et, si nécessaire, de présenter un plan pour rétablir la conformité.
Zhibao Technology (NASDAQ: ZBAO) hat von Nasdaq ein Abhilfeschreiben wegen Nichteinhaltung der Nasdaq Listing Rule 5250(c)(1) erhalten, da es versäumt hat, das Form 20-F für das Geschäftsjahr zum 30. Juni 2025 einzureichen. Die Mitteilung hat keinen unmittelbaren Einfluss auf die Notierung der Aktien der Klasse A des Unternehmens.
Das Unternehmen hat 60 Kalendertage, um Nasdaq einen Plan zur Wiederherstellung der Konformität vorzulegen. Akzeptiert Nasdaq einen Plan, kann er bis zu 180 Kalendertage ab dem Fälligkeitstermin des Jahresberichts gewähren, was die Frist für die Einhaltung bis zum 13. Mai 2026 verlängern würde. Wenn Nasdaq den Plan nicht akzeptiert, kann das Unternehmen vor einem Nasdaq Hearings Panel Berufung einlegen. Das Unternehmen beabsichtigt, den Jahresbericht 2025 so bald wie möglich einzureichen und gegebenenfalls einen Plan zur Wiederherstellung der Konformität vorzulegen.
تقنية Zhibao (ناسداك: ZBAO) تلقّت رسالة عجز من ناسداك بسبب عدم الامتثال لقواعد الإدراج في ناسداك 5250(c)(1) بسبب فشلها في تقديم النموذج 20-F للسنة المالية المنتهية في 30 يونيو 2025. الإشعار ليس له تأثير فوري على إدراج أسهم الشركة العادية من الفئة أ.
لدى الشركة 60 يومًا تقويميًا لتقديم خطة إلى ناسداك لاستعادة الامتثال. إذا قبلت ناسداك الخطة، فقد تمنح حتى 180 يومًا تقويميًا من تاريخ استحقاق التقرير السنوي، مما قد يمدد مهلة الامتثال إلى 13 مايو 2026. إذا لم تقبل ناسداك الخطة، يمكن للشركة التقدّم بطعن أمام لجنة سماع ناسداك. تعتزم الشركة تقديم التقرير السنوي لعام 2025 في أقرب وقت ممكن، وإذا لزم الأمر، تقديم خطة لاستعادة الامتثال.
- Deficiency notice has no immediate effect on listing
- Company retains right to submit a plan within 60 days
- Possible Nasdaq extension to May 13, 2026 if plan accepted
- Did not file Form 20-F for fiscal year ended June 30, 2025
- Now declared non-compliant with Nasdaq Rule 5250(c)(1)
- Must submit plan or appeal to avoid further Nasdaq actions
Shanghai, China--(Newsfile Corp. - November 21, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," or the "Company"), a leading high-growth InsurTech company providing digital insurance brokerage services in China, today announced that it received a deficiency letter (the "Deficiency Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it was not in compliance with the requirements of the Nasdaq Listing Rule 5250 (c)(1) (the "Rule") for continued listing due to its failure to file its Form 20-F for the fiscal year ended June 30, 2025 (the "2025 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The Deficiency Notice has no immediate effect on the listing of the Company's Class A ordinary shares on Nasdaq.
According to the Deficiency Notice, the Company has a period of 60 calendar days to submit a plan to Nasdaq to regain compliance. If the Company submits a plan and Nasdaq accepts the plan, Nasdaq may grant the Company an exception of up to 180 calendar days from the 2025 Annual Report's due date, or until May 13, 2026, to regain compliance with the Rule. If Nasdaq does not accept the Company's plan, the Company would have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company intends to file the 2025 Annual Report as soon as practicable and, if necessary, to submit a plan with Nasdaq to regain compliance.
About Zhibao Technology Inc.
Zhibao Technology Inc. (NASDAQ: ZBAO) is a leading high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities ("Zhibao China Group") in China. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's innovative business model, which Zhibao China Group pioneered in China. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020, which is powered by their proprietary PaaS ("Platform as a Service").
Zhibao has developed over 40 proprietary and innovative digital insurance solutions addressing different scenarios in a wide range of industries, including but not limited to travel, sports, logistics, utilities, and e-commerce. Zhibao acquires and analyzes customer data, utilize big data and AI technology to continually iterate and enhance its digital insurance solutions. This iterative process, in addition to continually improving its digital insurance solutions, will keep it abreast of the new trends and customer preferences in the market. For more information, please visit: ir.zhibao-tech.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "is/are likely to," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. All forward-looking statements in this press release are made as of the date hereof, based on the information available to the Company as of the date hereof. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section and in other sections of the filings of the Company with the SEC. 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. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
Investor Relations Contact
Zhibao Technology Inc.
Investor Relations Office
Email: ir@zhibao-tech.com
Skyline Corporate Communications Group, LLC
Scott Powell, President
Avenues Tower
1177 Avenue of the Americas, 5th floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275570
FAQ
Why did Zhibao (ZBAO) receive a Nasdaq deficiency letter on November 21, 2025?
Does the Nasdaq deficiency letter mean Zhibao (ZBAO) will be delisted immediately?
What deadline does Zhibao (ZBAO) have to regain Nasdaq compliance?
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