Exchange’s Disciplinary Action against a Former Director of Brilliance China Automotive Holdings Limited (Stock Code: 1114)
Regulatory
19 Dec 2023
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 Qian Zuming, former executive director of Brilliance China Automotive Holdings Limited (Stock Code: 1114).
The statement made in respect of Mr Qian 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 Qian is unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.
The Listing Division conducted an investigation into Mr Qian’s discharge of directors’ duties and obligations under the Listing Rules. Mr Qian did not respond to the Division’s investigation and reminder letters. He failed to cooperate in the investigation.
Key messages:
Failure to cooperate in the Exchange’s investigation is a serious breach of the Listing Rules.
A director’s obligation to cooperate does not lapse after his or her resignation.
|
Ends