Sentage Holdings Inc. Responds to Nasdaq Notification with Commitment to Compliance

Sentage Holdings Inc. Responds to Nasdaq Notification with Commitment to Compliance$SNTG

Shanghai-based Sentage Holdings Inc., a provider of diverse financial services, has been issued a notification by the Nasdaq Stock Market LLC concerning a delay in the filing of its Annual Report on Form 20-F for the fiscal year that concluded on December 31, 2021. The notice indicated that the company did not adhere to the Nasdaq Listing Rules’ requirement for timely filing necessary for continued listing on the exchange.

The financial service provider, known for its consumer loan repayment and collection management, loan recommendation services, and prepaid payment network services, has been allotted up to 60 calendar days to address the discrepancy. Within this period, the company is expected to submit a plan to Nasdaq outlining measures to regain compliance. Should the plan be approved, Nasdaq may allow an extension of up to 180 calendar days from the due date of the original filing, or until November 14, 2022, for the company to fulfill the filing requirements.

It is essential to recognize that the company’s day-to-day business operations remain unaffected by the Nasdaq notification. The company has expressed its intention to promptly submit the necessary plan to regain compliance. Its operations continue to focus on understanding the financial necessities and challenges of its clients, offering tailored services to aid them in achieving their financial objectives.

Sentage Holdings Inc. has a reputation for leveraging its strategic partner relationships, proprietary valuation models, and advanced technologies to provide exceptional service to its clientele. The company’s commitment to sustaining robust business operations and client services is unwavering in the face of the recent compliance issue.

Regarding future prospects, the company has made forward-looking statements predicting potential events and financial trends that may influence its financial condition and business strategy. These projections are inherently uncertain and are based on assumptions that may or may not materialize. The company has clarified that it does not undertake any obligation to update these forward-looking statements to reflect events or circumstances that arise after the statement date.

Sentage Holdings Inc. is taking the necessary steps to address the compliance matter with Nasdaq, emphasizing the importance of adhering to regulatory requirements while continuing to prioritize the delivery of high-quality financial services. The company remains focused on the customization and excellence of its offerings, aiming to cater to the varied financial needs of its clients. As the company works through this administrative procedure, it reiterates its commitment to maintaining the trust of its clients and the integrity of its business practices.2024-01-10T17:18:33.000Z

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