Santech Holdings Ltd. reported a decrease in net revenues and operating costs for the first half of fiscal year 2025, primarily due to the company's exit from its overseas wealth management and asset management businesses.

Santech Holdings Limited (NASDAQ: STEC) has been granted an extension by Nasdaq to file its Annual Report on Form 20-F for the fiscal year ended June 30, 2024. The company has until May 14, 2025, to file the report, and if it fails to do so, Nasdaq will provide written notification that its securities will be delisted.

Santech Holdings Limited announced the appointment of Audit Alliance as its new independent auditor, replacing MarcumAsia. The company also submitted a compliance plan to Nasdaq to regain compliance with continued listing requirements.

Santech Holdings Limited, a consumer-focused technology company in China, announced the resignation of an independent director, Mr. Vincent Chun Hung Chan, for personal reasons. The company's board of directors will consist of four members after the resignation.