On May 20, 2020, Nasdaq Listing Qualifications staff
(Staff) notified WINS Finance Holdings Inc. (Company)
that it determined to delist the Company based on
Rule 5250(c)(1).  On May 29, 2020, the Company
exercised its right to appeal the Staffs determination
to the Listing Qualifications Hearings Panel (Panel)
pursuant to Rule 5815.  A Panel hearing was held on
July 2, 2020.  On July 10, 2020, the Panel issued a
decision that granted the Company through October 1,
2020 to regain compliance.  On October 1, 2020, the
Company filed a Form 20F with the SEC in an attempt
to regain compliance. However, the Panel determined,
in an October 19, 2020 decision, that the Form 20F
filed was materially incomplete and did not cause the
Company to regain compliance.  On November 3, 2020,
the Company exercised its right to appeal the Panel
decision to the Nasdaq Listing and Hearing Review
Council (Council) pursuant to Rule 5820(a). On
Feburary 18, 2021, the Council issued a decision that
affirmed the Panel decision to delist the Company
securities.  On April 21, 2021, the Company was
provided notice that the Nasdaq Board of Directors
declined to call the Council decision for review
pursuant to Rule 5825(a).