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 (Exchange)
IMPOSES A DIRECTOR UNSUITABILITY STATEMENT and CENSURE against Mr Dun-Ching Hung, former non-executive director of Christine International Holdings Limited (Stock Code: 1210);
AND FURTHER DIRECTS that the listing of the Company's shares be cancelled under Rule 2A.10A(2)(b) of the Listing Rules if Mr Hung 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 the Statement of Disciplinary Action.
The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Mr Hung is unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.
Following disciplinary action in 2022, Mr Dun-Ching Hung was criticised by the Exchange and was directed to attend 15 hours of training on Listing Rule compliance. Mr Hung did not comply with the training direction.
Mr Hung’s failure to comply with the training direction constituted a serious breach of the Listing Rules. A Director Unsuitability Statement has now been imposed against him.
Key messages:
A party’s failure to comply with a requirement imposed by the Exchange can result in the imposition of the most serious sanctions as in this case.
In this case, after the Listing Committee’s decision to impose the above sanctions and direction, the Company announced on 30 October 2024 that its board of directors had resolved to vacate Mr Hung’s office as director with immediate effect. The follow-on action for the delisting of the Company’s shares would have taken effect had Mr Hung remained as a director or acted as senior management of the Company upon the expiry of 14 days from the date of the Statement of Disciplinary Action.
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