Exchange’s Disciplinary Action against a Former Director of Zhejiang Yongan Rongtong Holdings Co., Ltd. (Delisted, Previous Stock Code: 8211)
Regulatory
09 Jun 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 Weidong, former independent non-executive director of Zhejiang Yongan Rongtong Holdings Co., Ltd. (Delisted, Previous Stock Code: 8211) (Company).
The Exchange conducted an investigation concerning whether Mr Yu had discharged the duties and obligations under the Listing Rules. As part of the investigation, the Exchange sent investigation and reminder letters to him. Mr Yu did not respond to the Division’s enquiries.
Key messages:
Directors are required to fully cooperate with the Exchange in its investigations.
Failure to cooperate in the Exchange’s investigation is a serious breach of the Listing Rules and may result in the imposition of the most serious disciplinary sanction.
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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