Exchange’s Disciplinary Action against a Former Director of Skyfame Realty (Holdings) Limited (Stock Code: 59)
Regulatory
27 Jan 2026
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 STATEMENT1 and CENSURE against Mr Yu Pan, former executive director and Chairman of Skyfame Realty (Holdings) Limited (Stock Code: 59) (Company)
As part of an investigation into whether the Company and/or its directors had committed offences contrary to the Securities and Futures Ordinance (SFO), the Securities and Futures Commission (SFC) sent interview and investigation notices and reminder emails to Mr Yu. Mr Yu did not respond to SFC’s requests and enquiries.
Upon the SFC’s referral, the Division conducted an investigation concerning whether Mr Yu failed to respond to the SFC, and whether he had discharged his duties and obligations under the Listing Rules. The Division sent investigation and reminder letters to him. Mr Yu did not respond to Exchange’s enquiries.
Key messages:
Cooperation with the Exchange and the SFC is essential. Directors are reminded to fully cooperate with the Exchange and the SFC in their investigations.
Failure to cooperate in the Exchange and the SFC’s investigations is a serious breach of the Listing Rules and may result in the most serious disciplinary sanction. A director’s obligation to cooperate does not lapse after his or her resignation.
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Note:
- The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Mr Yu is unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.
Ends