HONG KONG, Feb. 11, 2026 — Powell Max Limited (Nasdaq: PMAX) (the “Company” or “Powell Max”), a Hong Kong-headquartered financial communications services provider, disclosed that on February 5, 2026, it was notified by The Nasdaq Stock Market LLC (“Nasdaq”) that it no longer complies with specific Nasdaq corporate governance standards. This non-compliance stems from Ms. Lee Chern Koay’s resignation from the Company’s board of directors and audit committee—effective December 31, 2025—and specifically relates to the independent director and audit committee composition rules under Nasdaq Listing Rule 5605(c)(2) and associated provisions, which mandate an audit committee with at least three independent directors.
Nasdaq has granted the Company a cure period under applicable listing rules, allowing it until either its next annual shareholders’ meeting or December 31, 2026 (whichever comes first; if the meeting occurs before June 29, 2026, then by that date at the latest) to restore compliance. To do so, the Company must submit documentation to Nasdaq—including biographies of any new directors—that demonstrates adherence to the rules.
On January 30, 2026, the Company’s board appointed four new independent directors. Then, on February 6, 2026, the board restructured the audit committee to include three independent directors, each meeting the independence criteria of Nasdaq Listing Rule 5605(a)(2) and the stricter independence and financial literacy requirements of Rule 5605(c)(2). As a result, the Company believes it has resumed compliance with relevant Nasdaq corporate governance standards. It has informed Nasdaq of these actions and intends to continue monitoring its adherence to all listing criteria.
The notification has no immediate impact on the listing of the Company’s Class A ordinary shares, which will continue trading on the Nasdaq Capital Market under the symbol “PMAX.”
About Powell Max Limited
Powell Max Limited is a Hong Kong-based financial communications services provider. It offers solutions supporting capital market compliance and transaction needs for corporate clients and their advisors in Hong Kong. Its services cover end-to-end financial printing, corporate reporting, communications, and language support—including typesetting, proofreading, translation, design, printing, electronic reporting, newspaper placement, and distribution. Clients include local and international firms listed in Hong Kong, companies preparing for a Hong Kong listing, and their advisors.
Forward-Looking Statements
This press release includes forward-looking statements, such as those about the Company’s compliance efforts. Terms like “will,” “future,” “expects,” “believes,” and “intends” (or similar) identify these statements, which are subject to inherent uncertainties in predicting outcomes. Actual results may differ materially from those stated due to risk factors outlined in the Company’s filings with the U.S. Securities and Exchange Commission (SEC). Readers are urged to review cautionary statements and disclosures—including the “Risk Factors” section in the latest Form 20-F and other periodic SEC filings. The Company has no obligation to publicly update or revise forward-looking statements unless required by law.
The Company has no obligation to publicly update or revise forward-looking statements unless required by law—whether due to new information, future events, or other reasons.
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Company Info:
Powell Max Limited
Investor Relations (852) 2158 2888
