XChange TEC.INC $(XHG)$ announced that it received a delisting determination from Nasdaq due to non-compliance with the market value requirement. The company has not met the minimum market value of $35 million needed for continued listing. Although this determination could lead to the delisting of its American Depositary Shares from Nasdaq, XChange TEC.INC plans to appeal the decision to a Hearings Panel by May 20, 2025. This appeal will temporarily halt any further delisting actions until a decision is reached. The company is actively working to address the compliance issues.
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