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Leishen Energy Holding Co., Ltd. Faces Compliance Challenge with Nasdaq

Overview of the Situation

Beijing, Jan. 23, 2026 (GLOBE NEWSWIRE) — Leishen Energy Holding Co., Ltd. ("Leishen Energy") is recognized as a forefront provider of clean-energy equipment and integrated solutions for the oil and gas sector. Recently, on January 16, 2026, the company received a critical letter from The Nasdaq Stock Market LLC ("Nasdaq"), highlighting a significant compliance issue concerning Nasdaq Listing Rule 5620(a). This rule mandates that all listed companies must convene an annual meeting of shareholders no later than one year following the conclusion of the fiscal year.

Details of Non-Compliance Notification

As articulated in the correspondence from Nasdaq, Leishen Energy failed to conduct its annual shareholder meeting within the twelve-month period following its fiscal year’s end. Consequently, this oversight resulted in the company’s lack of compliance with the essential annual meeting requirement necessary for maintaining its listing status on Nasdaq. Thankfully, the notification does not have an immediate detrimental impact on the listing or trading of the company’s securities on the exchange.

Compliance Plan Submission Timeline

In accordance with Nasdaq Listing Rule 5810(c)(2)(G), Leishen Energy has been granted a duration of 45 calendar days, leading up to March 2, 2026, to craft and submit a compliance plan aimed at rectifying this issue. If Nasdaq approves the compliance plan, the company might benefit from an exception that extends the deadline to regain compliance by up to 180 calendar days from the end of its fiscal year—potentially pushing the deadline to June 29, 2026.

Company’s Intentions and Uncertainties

Leishen Energy is actively preparing to submit its compliance plan within the specified period. This plan will likely include the company’s commitment to holding the overdue annual shareholders meeting, contingent on Nasdaq’s acceptance of the presented strategy. However, it’s important to note that no guarantees exist regarding Nasdaq’s approval of the compliance plan or the company’s ability to restore compliance within the stipulated timeframe.

Impact on Business Operations

Despite the concerns surrounding compliance, it’s crucial to emphasize that the Nasdaq notification does not interfere with Leishen Energy’s ongoing business operations. The company’s strategic initiatives within the clean-energy sector remain unaffected, which is a positive sign for its continued growth trajectory.

Understanding Forward-Looking Statements

In this press release, forward-looking statements are made, encompassing predictions about the company’s capability to submit a viable compliance plan, the likelihood of Nasdaq accepting said plan, and the company’s prospects for regaining compliance with Nasdaq Listing Rule 5620(a). These statements are inherently subject to a multitude of risks and uncertainties, several of which may extend beyond the company’s control. It is crucial to acknowledge that actual results may deviate significantly from the indicators or assertions made in these forward-looking statements. Leishen Energy assumes no obligation to update these statements after the release date, except when legally mandated.

How AI legalese decoder Can Assist

Navigating compliance matters such as those faced by Leishen Energy can be complex and overwhelming, especially for those without legal expertise. This is where the AI legalese decoder can provide substantial help. By simplifying intricate legal jargon into comprehensible language, the AI tool enables organizations to understand the implications of regulatory notifications and requirements better.

In the case of Leishen Energy, the AI legalese decoder could assist by breaking down the specifics of Nasdaq Listing Rules, elucidating the compliance process, and helping the company formulate an actionable plan. This ensures that management can make informed decisions that are in line with legal requirements, fostering a faster path to compliance and ultimately ensuring the continuity of the company’s public listing status.

Contact Information for Further Inquiry

For additional information or queries, please reach out to:

Investor Relations Department

Leishen Energy Holding Co., Ltd.

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