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Baiya International Group reported that on August 6, 2025 Nasdaq notified the company that the closing bid price for its Class A ordinary shares had been below the required $1.00 minimum for the last 30 consecutive business days and that its Market Value of Listed Securities was below the required $35 million for the same period. Both notices have no immediate effect on listing but start parallel 180-calendar-day compliance periods, giving the company until February 2, 2026 to cure each deficiency. To regain compliance the closing bid must be at least $1.00 for ten consecutive business days and MVLS must close at or above $35 million for ten consecutive business days. The company says it will monitor the closing bid and is considering options to resolve the deficiencies, but states there is no assurance it will regain or maintain compliance.
Baiya International Group Inc. replaced its independent auditor: the company dismissed Kreit & Chiu and engaged Onestop Assurance PAC as its new independent registered public accounting firm for the fiscal year ending December 31, 2025. The board approved the change.
The filing states Kreit & Chiu's audit reports for 2023 and 2024 were not adverse or qualified and contained no modifications. The company disclosed no disagreements with Kreit & Chiu and no reportable events in the two most recent fiscal years and through the subsequent interim period. A letter from Kreit & Chiu regarding the change is included as Exhibit 16.1.
Baiya International Group (NYSE: BIYA) announced significant leadership changes effective June 25, 2025. Mr. Dian Zhang resigned as Chief Financial Officer, and Ms. Xiaoyue Zhang stepped down from the board of directors. Both resignations were amicable with no disagreements regarding company operations or policies.
The company appointed two new leaders: Ms. Dan Bin as CFO and Ms. Linxi Xie as director. Ms. Bin brings over 12 years of financial management experience in manufacturing and technology sectors, most recently serving as Finance Director at Chengdu Jinkeyulu Technology. She holds degrees in Accounting Information Systems and Software Engineering.
Ms. Linxi Xie joins the board with over 10 years of experience in overseas IPOs and cross-border capital markets. As a Partner at Antelope Holdings since 2020, she has led multiple IPO projects. She is a Certified Financial Planner with expertise in listing strategy and M&A planning.
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