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Exchange’s Disciplinary Action against Five Former Directors of Summi (Group) Holdings Limited (Stock Code: 756)

Regulatory
24 Jun 2021

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 Listing Committee of The Stock Exchange of Hong Kong Limited (Exchange)

CENSURES:

(1)       Mr San Kwan, former executive director of Summi (Group) Holdings Limited (Stock Code: 756);
(2)       Mr Sin Ke, former executive director;
(3)       Mr Zeng Jian Zhong, former independent non-executive director;
(4)       Mr Zhuang Wei Dong, former independent non-executive director; and
(5)       Mr Zhuang Xue Yuan, former independent non-executive director,

AND FURTHER STATES THAT in the Exchange’s opinion, by reason of their failure to discharge their responsibilities under the Listing Rules, had any of the above directors remained in office, their retention of office would have been prejudicial to the interests of investors.

The Listing Committee found that these directors breached their respective Undertakings by failing to cooperate in an investigation conducted by the Division. 

 

Key Messages:

Directors' compliance with their Undertakings to co-operate with the Division's investigation, answer any questions addressed to them and provide their up-to-date contact details to the Exchange is of utmost importance. Any failure by directors to cooperate may lead to severe sanctions being imposed. 

 
A copy of the Statement of Disciplinary Action is available on the HKEX website.

 

 

Ends

Updated 24 Jun 2021