Santech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025

HONG KONG, June 25, 2025 (GLOBE NEWSWIRE) -- Santech Holdings Ltd. (“Santech” or the “Company”) (NASDAQ: STEC) today announced its unaudited financial results for the first half of fiscal year 2025 ended December 31, 2024.

GlobeNewsWire • Jun 25, 2025

Santech Holdings Limited Files Its Fiscal Year 2024 Annual Report on Form 20-F

HONG KONG, May 13, 2025 (GLOBE NEWSWIRE) -- Santech Holdings Ltd. (“Santech” or the "Company") (NASDAQ: STEC) today announced that it has filed its annual report containing its audited combined financial statements for the fiscal year ended June 30, 2024 on Form 20-F with the Securities and Exchange Commission (the "SEC") on May 13, 2025 Eastern Time. The annual report can be accessed on Santech's investor relations website at https://ir.santechholdings.com and on the SEC's website at http://www.sec.gov. The Company will provide hard copies of the annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be sent to [email protected].

GlobeNewsWire • May 13, 2025

Santech Holdings Announces Completion of Issuance of Ordinary Shares

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.

GlobeNewsWire • Mar 19, 2025

Nasdaq Grants Santech Holdings Limited Extension to File its Annual Report on Form 20-F

HONG KONG, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Santech Holdings Limited (NASDAQ: STEC) (“Santech” or the “Company”) announced today that The Nasdaq Stock Market LLC (“Nasdaq”) has determined to grant Santech an exception to Listing Rule 5250(c)(1) of Nasdaq's Listing Rules (the “Rules”), giving Santech an extension of the deadline to file its Annual Report on Form 20-F for the fiscal year ended June 30, 2024 (the “Filing”).

GlobeNewsWire • Feb 6, 2025

Santech Holdings Limited Announces Change of Auditor and Filing of Compliance Plan with Nasdaq

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.

GlobeNewsWire • Jan 22, 2025

Santech Holdings Limited Announces 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Requirement

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”).

GlobeNewsWire • Dec 5, 2024

Santech Holdings Limited Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F

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.

GlobeNewsWire • Nov 25, 2024

Santech Holdings Provides Update on Its Board and Senior Management

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 VIE arrangements with Hywin Wealth Management on June 28, 2024. Hywin Wealth Management is a company incorporated in mainland China and wholly owned and controlled by Mr. Han, and is not otherwise related to the Company. Santech Holdings Limited is not associated with this matter, nor has the Company received any official notice from any government authority as of the date of this announcement.

GlobeNewsWire • Sep 17, 2024

Santech Holdings Announces US$5 Million Share Repurchase Program

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.

GlobeNewsWire • Aug 26, 2024

Santech Holdings Announces Changes to Board of Directors

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.

GlobeNewsWire • Aug 19, 2024