Exchange's Disciplinary Action against Six Directors of Huisen Shares Group Limited (Stock Code: 2127)

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:

1. Ms Zeng Minglan, executive director of Huisen Shares Group Limited (Company);
2. Mr Wu Runlu, Chairman and executive director of the Company;
3. Mr Liu Jiong, independent non-executive director of the Company;
4. Mr Feng Zhaowei, independent non-executive director of the Company;
5. Mr Zeng Ming, former Chairman and executive director of the Company; and
6. Ms Yan Liqiong, former independent non-executive director of the Company.

(The directors identified at (1) to (4) above are collectively referred to as the Current Directors, and at (1) to (6) above as the Relevant Directors.)

AND FURTHER DIRECTS that the listing of the Company’s shares be cancelled under Rule 2A.10A(2)(b) if any of the Current Directors continues to occupy a position as director or within senior management of the Company or any of its subsidiaries upon the expiry of 14 days from the date of publication of the Statement of Disciplinary Action.

Both the Exchange and the Securities and Futures Commission (Commission) investigated matters related to the Company.

As part of its investigation into whether the Relevant Directors had discharged their duties and obligations under the Listing Rules, the Exchange sent investigation and reminder letters to each of them. They failed to respond to the Exchange’s enquiries at all or in accordance with the time limits imposed, and therefore failed to cooperate in the investigation.

In a separate investigation, the Commission made enquiries with the Current Directors but none of them responded. Ms Zeng further failed to comply with an interview notice under the Securities and Futures Ordinance. Despite reminder letters from the Exchange to each of the Current Directors, none of them responded to the Commission’s investigation. They therefore failed to cooperate in that investigation.

Note:

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

Ends