Business Context and Reporting Period
Company: Eastern International Ltd.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: November 21, 2025
Reporting Period: Current report for the month of November 2025, referencing the fiscal year ending March 31, 2026.
The filing discloses the Company's election to utilize the "home country rule" exemption under Nasdaq Listing Rule 5615(a)(3)(A). As a Cayman Islands-incorporated entity listed on the Nasdaq Capital Market, the Company intends to follow Cayman Islands corporate governance practices in lieu of specific Nasdaq requirements for its upcoming annual report on Form 20-F.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly a disclosure of corporate governance exemptions and contains no financial performance data.
Material Changes
There are no material changes to financial operations or business activities reported in this filing. The only material change disclosed is the formal notification of the Company's intent to rely on home country exemptions for specific corporate governance rules in its next annual filing.
Guidance, Outlook, and Corporate Governance Exemptions
The Company has elected to be exempt from the following Nasdaq Marketplace Rules, certified by Cayman Islands counsel (Ogier) as not required under local law:
- Rule 5620(a): Requirement to hold an annual meeting of shareholders no later than one year after the fiscal year-end.
- Rule 5635(a): Requirement for shareholder approval for the issuance of securities in connection with the acquisition of stock or assets of another company.
- Rule 5635(c): Requirement for shareholder approval prior to establishing or materially amending stock option/purchase plans or equity compensation arrangements.
- Rule 5635(d): Requirement for shareholder approval prior to issuing securities (other than in a public offering) equal to 20% or more of voting power at a price below specific market thresholds.
Management states that, except for the foregoing exemptions, there is no significant difference between the Company's corporate governance practices and those required of domestic U.S. companies by Nasdaq.
Key Facts for Investor Verification
- Verify the Company's upcoming Form 20-F for the fiscal year ended March 31, 2026, to confirm the application of these governance exemptions.
- Review the Company's Articles of Association and Cayman Islands legal counsel opinions regarding shareholder meeting frequency and equity issuance approvals.
- Note that this filing contains no financial results; investors should refer to the most recent Form 20-F or quarterly reports for financial data.