HONG KONG, March 19, 2025 (GLOBE NEWSWIRE) -- On March 17, 2025, Santech Holdings Limited (NASDAQ:STEC) (the "Company"), entered into a share subscription agreement and raised additional capital to fund its current operations. Pursuant to the share subscription agreement, the Company will issue to Carmel Holdings Limited 112,000,000 restricted ordinary shares of the Company (the "Subscription Shares") for a total consideration of approximately US$1.0 million. With the approval of all independent directors of the Board of Directors, issuance of the Subscription Shares has been completed on March 19, 2025. The total proceeds to the Company are approximately US$1.0 million, which will be use
HONG KONG, March 12, 2025 (GLOBE NEWSWIRE) -- Santech Holdings Limited (NASDAQ:STEC) ("Santech" or the "Company") announced today that it received a notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed. About Santech Holdings Limited Santech Holdings Limited (NASDAQ:STEC) is a consumer-focused technology company. The Company historically served a large number of high net-worth clients in China in financial services and health management, and accumulated a large customer base. The Company has exited or disposed of its historic
HONG KONG, March 11, 2025 (GLOBE NEWSWIRE) -- Santech Holdings Limited (NASDAQ:STEC) (the "Company"), today announced a number of changes to its Board of directors and senior management, as well as changes to enhance corporate governance and bring additional expertise to its Board of directors. As Mr. Han Hongwei and Madame Wang Dian were unable to fulfil their duties as directors of the Company for an extended period of time, the Board has resolved to remove them from their positions on the Board of directors. The Board has appointed Lawrence Wai Lok as Chairman of the Board, effective immediately. Mr. Lok will also assume the role of Chief Executive Officer and will continue to lead th
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 dismissed Marcum Asia CPAs LLP ("MarcumAsia") as its independent registered public accounting firm, effective from November 15, 2024. The Company's decision to change auditor was due to significant changes in the Company's business focuses and scale recently as previously disclosed, and not as a result of any disagreement between the Company and MarcumAsia on any matter of
HONG KONG, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited (NASDAQ:STEC) ("Santech" or the "Company") announced today that it has received an extension of the period to regain compliance with The Nasdaq Stock Market Inc.'s (the "Nasdaq") the minimum bid price requirement (the "Minimum Bid Price Requirement"). On December 4, 2024, the Company received a letter from the staff of the Listing Qualifications Department of Nasdaq notifying the Company that, while the Company has not regained compliance with the Minimum Bid Price Requirement, Nasdaq has determined that the Company is eligible for an additional 180 calendar day period, or until May 26, 2025, (the "Second Compliance Per
HONG KONG, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited (NASDAQ:STEC) ("Santech" or the "Company") announced today that it received a notice of non-compliance from Nasdaq Stock Market LLC ("Nasdaq") on November 21, 2024 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended June 30, 2024, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of the Company's American depositary shares on the Nasdaq. Under Nasdaq's listing rules, the Company has 60 c
SHANGHAI, China, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited (NASDAQ:STEC) (the "Company"), a consumer-focused technology company in China, today announced updates to its board of directors (the "Board") and senior management team. To the Company's best knowledge, Mr. Han Hongwei, the Chairman of the Board, and Madame Wang Dian, the Chief Executive Officer and a director of the Company, have been detained by, and are currently under investigation by certain branch office of Shanghai Municipal Public Security Bureau with respect to alleged illegal activities at Hywin Wealth Management Co., Ltd. ("Hywin Wealth Management"). As previously announced, the Company terminated its
SHANGHAI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited ("Santech", or the "Company") (NASDAQ:STEC), a consumer-focused technology company in China, today announced that the Company's board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$5 million worth of its outstanding American Depositary Shares ("ADSs"), each representing two ordinary shares, over the next 12 months starting from August 26, 2024. The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depe
SHANGHAI, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited ("Santech", or the "Company") (NASDAQ:STEC), a consumer-focused technology company in China, today announced that Mr. Vincent Chun Hung Chan has resigned from his position as an independent director of the board of directors (the "Board") for personal reasons, effective immediately. The resignation of Mr. Chan did not result from any disagreement with the Company on any matter relating to the Company's business operations, financial reporting or controls, policies or practices. Madame Wang Dian, Chief Executive Officer of Santech, commented, "On behalf of the Board, I would like to express our sincere gratitude to Mr.
6-K - Santech Holdings Ltd (0001785680) (Filer)
6-K - Santech Holdings Ltd (0001785680) (Filer)
6-K - Santech Holdings Ltd (0001785680) (Filer)
6-K - Santech Holdings Ltd (0001785680) (Filer)
6-K - Santech Holdings Ltd (0001785680) (Filer)
6-K - Santech Holdings Ltd (0001785680) (Filer)
6-K - Santech Holdings Ltd (0001785680) (Filer)
NT 20-F - Santech Holdings Ltd (0001785680) (Filer)
6-K - Santech Holdings Ltd (0001785680) (Filer)
6-K - Santech Holdings Ltd (0001785680) (Filer)
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 dismissed Marcum Asia CPAs LLP ("MarcumAsia") as its independent registered public accounting firm, effective from November 15, 2024. The Company's decision to change auditor was due to significant changes in the Company's business focuses and scale recently as previously disclosed, and not as a result of any disagreement between the Company and MarcumAsia on any matter of