香港聯合交易所有限公司
(香港交易及結算所有限公司全資附屬公司)
THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
The Stock Exchange of Hong Kong Limited
IMPOSES A DIRECTOR UNSUITABILITY STATEMENT against:
(1) Mr Chen Fang Lin, former executive director and former Chairman;
(2) Mr Shen Jian Zhong, former executive director;
(3) Mr Zheng He Bin, former executive director;
(4) Ms Hui Sai Ha, former executive director;
(5) Mr Huang Song Qing, former independent non-executive director; and
(6) Mr Dai Jian Ping, former independent non-executive director.
The statements made in respect of the directors above are made in addition to a public censure against them. The Director Unsuitability Statement is a public statement that, in the Exchange’s opinion, each of the directors is unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.
The Listing Division made enquiries with the above directors in relation to the circumstances surrounding the delay in the Company’s publication of the financial statements, the winding up of its major subsidiary and the disposal of its PRC subsidiaries. One of the directors acknowledged receipt of the Division’s reminder letter but still failed to respond to the enquiries. The other directors did not respond to the enquiries at all.
Key Messages:
The Exchange takes the view that Directors who fail to comply with their obligation to cooperate with its enquiries and investigations are not suitable to be directors or members of senior management of an issuer.
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