Exchange’s Disciplinary Action against a Former Director of China Ruifeng Renewable Energy Holdings Limited (Stock Code: 527)
Regulatory
11 Jul 2024
香港联合交易所有限公司
(香港交易及结算所有限公司全资附属公司)
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 Li Tian Hai, former executive director of China Ruifeng Renewable Energy Holdings Limited.
The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Mr Li is unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.
The Listing Division conducted an investigation into Mr Li’s discharge of directors’ duties and obligations under the Listing Rules. Mr Li did not respond to the Division’s investigation and reminder letters. He failed to cooperate in the investigation.
Key messages:
Failure to cooperate in the Exchange’s investigation is a serious breach of the Listing Rules.
A director’s obligation to cooperate does not lapse after his or her resignation.
|
Ends