Business Context and Reporting Period
This Form 6-K filing by Zhibao Technology Inc. (ZBAO) covers the month of November 2025. The report addresses a regulatory notice received from The Nasdaq Stock Market LLC regarding the company's failure to timely file its annual report on Form 20-F for the fiscal year ended June 30, 2025.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of a listing compliance issue rather than a financial results announcement.
Material Changes
The primary material change is the receipt of a delisting notice from Nasdaq on November 19, 2025, due to non-compliance with Listing Rule 5250(c)(1). The company has not yet filed its required Form 20-F for the fiscal year ended June 30, 2025.
Outlook, Risks, and Management Commentary
- Compliance Plan: The company has 60 calendar days to submit a plan to regain compliance. If accepted, Nasdaq may grant an extension of up to 180 days from the original due date, potentially until May 13, 2026.
- Management Action: Management states the company is working diligently on the Form 20-F and intends to file it within the specified timeframe.
- Current Trading Status: The notice has no immediate effect on the listing; Class A ordinary shares continue to trade under the symbol "ZBAO."
- Risks: If the company fails to regain compliance, its shares will be subject to delisting from Nasdaq. The company retains the right to appeal a rejection of its compliance plan to a Nasdaq Hearings Panel.
Key Facts for Investor Verification
- Verify the submission date and acceptance status of the company's plan to regain Nasdaq compliance.
- Monitor the filing status of the Form 20-F for the fiscal year ended June 30, 2025.
- Track any updates regarding the potential May 13, 2026, deadline for regaining compliance.
- Confirm whether the company has filed any subsequent periodic reports required during the review period.