Taipei, Taiwan, 02 June 2025 (Globe Newswire) – Semilux International Ltd. (Nasdaq: Selx) (“Selx“Or the”Company“) It announced that it received a letter of negligence on 27 May 2025 (the ‘Letter“) From the Listing Qualifications Department of the Nasdaq Stock Market Inc. (the”Nasdaq“) Informing the company that it is no longer in accordance with the Nasdaq -Lijstegel 5250 (C) (1) (the”Fragile“) For continuous mention due to the fact that it does not submit its annual report on form 20-F for the year ending on December 31, 2024 (the”Annual report“) With the US Securities and Exchange Commission. The frame line requires that Nasdaq-listed companies submit all required periodic reports to the SECs in time.
In accordance with the Nasdaq fry rules, the company has 60 calendar days after the shortage letter to submit a plan to regain compliance with the list. After receiving such a plan, Nasdaq can grant an extension of a maximum of 180 calendar days at its own discretion from the expiry date of the annual report, or until November 11, 2025, for the company to regain compliance.
The company was unable to submit the annual report by the prescribed deadline as extensive on the basis of Rule 12B-25 (B) (2) (II) under the Securities Exchange Act of 1934, mainly because extra time is needed to complete its financial statements and complete the preparation of the annual report for the fiscal year ending on December 31, 2024.
The shortage letter has no immediate influence on the list of the ordinary shares of the company on the Nasdaq capital market. This announcement is made in accordance with the Nasdaq -Lijsteggel 5810 (B), which requires a rapid disclosure of receipt of a notification of a deficit.
About Semilux International Ltd.
Semilux is domiciled on the Cayman Islands and works through his subsidiaries, Taiwan Color Optics, Inc. (“TCOAnd Semilux Ltd. TCO is an optical and 3D detection technology company that is mainly involved in the adjustment, design and range of optical components and integrated chip for various industries, including autonomous driving, intelligent lighting, as well as unemployed aircraft. Design and production. http://www.semilux.com.
Safe Harbor Statement
This press release may contain future -oriented statements within the meaning of section 27A of the Securities Act of 1933 and section 21st of the Securities Exchange Act of 1934, including those with regard to the expectations, intentions, strategies and beliefs of SELX with regard to future events or future financial performance. Actual events or results can vary substantially from those in the future -oriented statements due to various important factors, including those described in the most recent files of the company at the SEC. SELX does not accept an obligation to update such future -oriented statements in public, either because of new information, future events or otherwise. Consult the sections, but not limited to, “Management’s discussion and analysis of financial situation and results”, for a more complete description of the risks that can lead to our actual results from our current expectations. http://www.sec.gov and on http://www.semilux.com.
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