Exchange’s Disciplinary Action against Three Former Directors of AM Group Holdings Limited (Stock Code: 1849)

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 ¹ and CENSURE against:

1. Mr Mu Lei, former executive director and co-chairman of AM Group Holdings Limited (Stock Code: 1849);
2. Mr Shi Lizhi, former non-executive director of the Company; and
3. Ms Zhang Hong, former independent non-executive director of the Company.

The Exchange conducted an investigation into the discharge of directors’ duties and obligations by Mr Mu, Mr Shi and Ms Zhang. As part of the investigation, the Exchange sent investigation and reminder letters to each of them. They did not respond to the Division’s enquiries and failed to cooperate in the investigation.

Note:

1. The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, each of Mr Mu, Mr Shi and Ms Zhang is unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.

Ends