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)
(1) The GEM Listing Committee of The Stock Exchange of Hong Kong Limited (The GEM Listing Committee)
CENSURES Mr Ha Chuen Yeung (Mr Ha), a former executive director (ED) of Inno-Tech Holdings Limited (In Liquidation) (Stock Code: 8202) (Inno-Tech)
AND STATES THAT in the Exchange’s opinion, by reason of Mr Ha’s failure to discharge his responsibilities under the GEM Listing Rules, had Mr Ha remained on the board of directors of Inno-Tech, his retention of office would have been prejudicial to the interests of investors.
The GEM Listing Committee found that Mr Ha breached his Undertaking by failing to cooperate in an investigation conducted by the Listing Division (Division).
(2) The Listing Committee of The Stock Exchange of Hong Kong Limited (The Listing Committee)
CENSURES:
(a) Mr He Xiao Ming (Mr He), former ED of Teamway International Group Holdings Limited (stock code: 1239) (formerly Jin Bao Bao Holdings Limited) (Teamway); and
(b) Ms Xie Yan (Ms Xie), former ED of Teamway.
AND STATES THAT in the Exchange’s opinion, by reason of Mr He and Ms Xie’s failure to discharge their responsibilities under the Listing Rules, had Mr He and Ms Xie remained on the board of directors of Teamway, their retention of office would have been prejudicial to the interests of investors.
The Listing Committee found that Mr He and Ms Xie breached their respective Undertakings by failing to cooperate in an investigation conducted by the Division.
Key messages:
Directors must cooperate with the Division’s investigations. Any failure to comply with the Exchange’s requests in connection with an investigation of possible Listing Rule breaches without reasonable excuse will result in the imposition of severe sanctions against the director.
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Copies of the Statements of Disciplinary Action regarding Mr Ha, Mr He and Ms Xie are available on the HKEX website.
For the avoidance of doubt, the Exchange confirms that these actions against Mr Ha, Mr He and Ms Xie for their failure to cooperate, are standalone disciplinary actions, and that the above sanctions apply only to Mr Ha, Mr He and Ms Xie respectively, and not to any other past or present members of the board of directors of Inno-Tech and Teamway.
Ends