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

CENSURES:

Mr Miguel Sun, former executive director of Grand Peace Group Holdings Limited (Delisted, previous Stock Code: 8108) (Company).

AND STATES THAT in the Exchange’s opinion, by reason of his failure to discharge his responsibilities under the GEM Listing Rules, had Mr Sun remained on the board of directors of the Company, his retention of office would have been prejudicial to the interests of investors.

The Exchange enquired into possible breaches of the GEM Listing Rules by the Company and its directors. Mr Sun was an authorised representative of the Company and should have acted as the principal channel of communication between the Exchange and the Company. However, he failed to respond to the Exchange’s enquiries on behalf of the Company.

Further, after Mr Sun ceased to be a director and authorised representative of the Company, he failed to respond to the Exchange’s investigation letter and reminder letter sent to him.  Accordingly, Mr Sun breached his Director’s Declaration and Undertaking by failing to cooperate with the Exchange’s investigation.

Ends