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 against Mr Huang Sheng Lan (Mr Huang), non-executive director (NED) of China Fortune Investments (Holding) Limited (Delisted, Previous Stock Code: 8116) (Company).
The statement made in respect of Mr Huang above is made in addition to a public censure against him. The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Mr Huang is unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.
Following disciplinary action in 2021, Mr Huang was criticised by the Exchange, and was directed to attend 20 hours of training on Listing Rule compliance.
Mr Huang did not comply with the training direction, even when reminded to do so.
In failing to comply with the training direction, Mr Huang has committed a serious breach of the Listing Rules, and a Director Unsuitability Statement has now been imposed against him.
Mr Huang claimed he did not receive the Exchange’s reminders to comply with the training direction as he was not using the email address he had provided to the Exchange. He also claimed he was not familiar with the use of computer and electronic devices. These are not excuses for his failure to comply with the Exchange’s directions.
Key messages:
A failure to comply with a requirement of the Exchange is considered a serious breach of the Listing Rules. Such a breach will call into question whether the individual is suitable to occupy a position as a director or within senior management of a listed issuer.
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