Eason Technology receives NYSE American non-compliance notice

Eason Technology Limited (NYSE: DXF) received a notice from NYSE Regulation on October 14 indicating the company does not comply with continued listing standards of NYSE American.

The Hong Kong-based company fell below compliance with Section 1003(a)(ii) of the NYSE American Company Guide due to stockholders' equity of RMB 28 million (approximately $3.8 million) as of December 31, 2024, and losses from continuing operations in three of its four most recent fiscal years ended December 31, 2024.

Eason Technology must submit a compliance plan by November 13, 2025, detailing actions to regain compliance with listing standards by April 14, 2027. The company currently does not qualify for any exemption from the stockholders' equity requirements under Section 1003(a) of the Company Guide.

If the company fails to submit an acceptable compliance plan or does not achieve compliance by the deadline, NYSE American will initiate delisting proceedings. The company retains the right to appeal any staff delisting determination.

The non-compliance notice does not immediately affect the listing of Eason Technology's American Depositary Shares, which will continue trading on NYSE American during the cure period, subject to compliance with other listing requirements.

Eason Technology operates in real estate management, investment, and digital technology security in Hong Kong and China. The company previously operated as a licensed microfinance lender in Hubei Province, China, but suspended loan offerings in 2020.

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