LEOCH INT'L (00842) has announced an update regarding its proposed spinoff and distribution plan. Nasdaq Rule IM-5101-3, which took effect on December 19, 2025, introduced a risk-based framework. This framework permits Nasdaq to conduct enhanced reviews of certain initial listing applications, taking into account factors such as the applicant's business operations, third-party actors, and jurisdictional considerations. In light of recent regulatory updates, it is anticipated that relevant US authorities may require additional time to review certain listing applications. The spinoff company publicly submitted a Form 20-F registration statement to the relevant US Securities and Exchange Commission on December 20, 2025, for the proposed separation. The listing application for the spinoff company is currently undergoing review by US authorities.