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    Amendment: SEC Form 20-F/A filed by Santech Holdings Limited

    5/16/25 6:03:36 AM ET
    $STEC
    Investment Managers
    Finance
    Get the next $STEC alert in real time by email
    false --06-30 2024 FY 0001785680 false 0001785680 2023-07-01 2024-06-30 0001785680 dei:BusinessContactMember 2023-07-01 2024-06-30 0001785680 stec:AmericanDepositarySharesMember 2023-07-01 2024-06-30 0001785680 stec:OrdinarySharesParValueUs0.0001PerShareMember 2023-07-01 2024-06-30 0001785680 stec:OrdinarySharesParValueUs0.0001PerShareMember 2024-06-30 0001785680 stec:AmericanDepositarySharesMember 2024-06-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

    FORM 20-F/A

     

    (Amendment No.1)

     

    (Mark One)

     

    ¨REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    OR

     

    xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    For the fiscal year ended June 30, 2024

     

    OR

     

    ¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    OR

     

    ¨SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    Date of event requiring this shell company report . . . . . . . . . . . . . . . . . . .

     

    For the transition period from to

     

    Commission file number: 001-40238

     

    Santech Holdings Limited

    (Exact name of Registrant as specified in its charter)

     
    Cayman Islands

    (Jurisdiction of incorporation or organization)

     
    Level 15, AIA Central
    No.1 Connaught Road Central
    Central, Hong Kong

    (Address of principal executive offices)

     
    Lawrence Wai Lok, Chairman and CEO
    Telephone: +852 2593 9309
    Email: [email protected]
    Level 15, AIA Central
    No. 1 Connaught Road Central
    Central, Hong Kong
    (Name, Telephone, Email and/or Facsimile number and Address of Company Contact Person)

     

    Securities registered or to be registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading
    Symbol(s)
      Name of each exchange on
    which registered

    American depositary shares

    (each ADS represents two of our ordinary shares, par value US$0.0001 per share)

      STEC   Nasdaq Capital Market
    Ordinary shares, par value US$0.0001 per share*   true   Nasdaq Capital Market

     

    *Not for trading, but only in connection with the listing on the Nasdaq Capital Market of American depositary shares.

     

    Securities registered or to be registered pursuant to Section 12(g) of the Act:

     

    None
    (Title of Class)

     

    Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

     

    None
    (Title of Class)

     

    Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.

     

    47,750,000 ordinary shares (excluding 8,250,000 ordinary shares issued to the depositary for bulk issuance of ADSs, par value US$0.0001 per share, as of June 30, 2024).

     

    Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ¨ Yes x No

     

    If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. ¨ Yes x No

     

    Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes ¨ No

     

    Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). x Yes ¨ No

     

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

     

    Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer x Emerging growth company x

     

    If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ¨

     

    † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

     

    Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ¨

     

    If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ¨

     

    Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ¨

     

    Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

     

    U.S. GAAP x

    International Financial Reporting Standards as issued
    by the International Accounting Standards Board ¨
    Other ¨

     

    If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. ¨ Item 17 ¨ Item 18

     

    If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ¨ Yes x No

     

    (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

     

    Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. ¨ Yes ¨ No

     

    Auditor Name Auditor Location Auditor Location
    Audit Alliance LLP Singapore 3487

     

     

     

     

     

     

    EXPLANATORY NOTE

     

    Santech Holdings Limited (the “Company”) is filing this Amendment No. 1 (the “Amendment”) on Form 20-F/A to amend its annual report on Form 20-F for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission on May 13, 2025 (the “Original 20-F”), for the purpose of filing its compensation clawback policy as Exhibit 97.1.

     

    The Amendment does not reflect events occurring after the date of the filing of the Original 20-F or modify or update any of the other disclosures contained therein in any way. Accordingly, the Amendment should be read in conjunction with the Original 20-F. The Amendment consists solely of the preceding cover page, this explanatory note, the signature page and the compensation clawback policy filed as an exhibit to the Amendment.

     

    ITEM 19 EXHIBITS

     

    Exhibit
    Number
    Description of Exhibit
    97.1* Compensation Clawback Policy
    101.INS* Inline XBRL Instance Document—this instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
    101.SCH* Inline XBRL Taxonomy Extension Schema Document
    101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document
    101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document
    101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document
    101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document
    104* Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

     

    * Filed herewith.

     

     

     

     

    SIGNATURES

     

    The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this amendment to the annual report on its behalf.

     

    Date: May 16, 2025 Santech Holdings Limited
       
      By: /s/ Lawrence Wai LOK
      Name: Lawrence Wai LOK
      Title: Chairman and CEO

     

     

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