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 and CENSURE against Mr Ngan Kam Biu Stanford, former independent non-executive director of Wisdom Wealth Resources Investment Holding Group Limited (Stock Code: 7).
The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Mr Ngan is unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.
Following disciplinary action in 2024, Mr Ngan was publicly censured by the Exchange and was directed to attend 17 hours of training on Listing Rule compliance. Despite repeated reminders, he did not comply with the training direction.
His failure to comply with the training direction constituted a serious breach of the Listing Rules, which resulted in the imposition of a Director Unsuitability Statement against him.
Director’s training helps to promote and maintain good corporate governance standards and practices amongst issuers. The Exchange will impose a training direction where necessary in the interests of improving corporate governance.
Failure to comply with a training direction is a serious breach of the Listing Rules and can result in the most serious sanctions as in this case.
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