Santech Holdings Limited Announces Auditor Change and Compliance Plan Filing with Nasdaq By Investing.com

HONG KONG, Jan. 22, 2025 (GLOBE NEWSWIRE) —

Change of auditor

On January 22, 2025, Santech Holdings Limited (the Company) announced that its Audit Committee has approved the appointment of Audit Alliance LLP (Audit Alliance) as the Company’s independent registered public accounting firm. The Audit Committee has deposed Marcum Asia CPAs LLP (MarcumAsia) as an independent registered public accounting firm effective November 15, 2024.

The Company’s decision to change auditors is based on significant changes in the Company’s business focus and size as previously described, and not because of any differences in accounting principles or practices, financial statement interpretations, or audit scope or procedures between the Company and MarkumAsia.

Audit services previously provided by MarcumAsia are provided by Audit Alliance. Audit Alliance is a PCAOB-registered CPA firm headquartered in Singapore.

Other Events: Filing of Compliance Plan with Nasdaq

The company also announced that it has submitted a compliance plan to support the Nasdaq’s request for an extension of time to meet the continuous listing requirements.

In its supplemental plan filing with Nasdaq, the company set forth its plan and timeline to file its annual report on Form 20-F for the fiscal year ending June 30, 2024, and meet the reporting requirements within the mandatory period for Nasdaq employees. to give

About Santec Holdings Ltd

Suntec Holdings Limited (NASDAQ: STEC ) is a consumer-focused technology company. The Company has historically served a large number of high net worth clients in financial services and healthcare management in China, and has accumulated a large client base. The company has exited or divested its historic businesses in financial services and is actively exploring new opportunities in technology, including new retail, social e-commerce and the metaverse. For more information, please visit

Statement of Safe Harbor

This press release It may include forward-looking statements under the safe harbor provisions of the US Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as forecast, estimate, forecast, plan, project. , potential, continue, continuous, expect, aim, believe, plan, may, may, may, could and similar expressions. Statements that are not historical facts, including the Company’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Additional information regarding these and other risks is included in the Company’s filings with the SEC. All information presented in this press release is as of the date of this press release, and the Company assumes no obligation to update any future statements except as required by applicable law.

Investor and Media Relations:

SANTECH HOLDINGS LIMITED
Email: ir@santechholdings.com