Date Company/ Name Breach Conduct Disciplinary Actions
20 December 2019

• Ding He Mining Holdings Limited (“Company”)

• Mr Wang Song Ling (“Mr Wang”), Executive Director (“ED”) and Chairman of the Company

• Ms Fan Hai Juan (“Ms Fan”), independent non-executive director (“INED”) of the Company

• Mr Liu Fa (“Mr Liu”), INED of the Company

(collectively, “Relevant Directors”)





• MLR2.12A(2)

• Director’s Undertaking







                       
• The Company breached Rule 2.12A(2) of the Exchange Listing Rules for failing to provide the Exchange with information and documents for the purposes of an Exchange’s investigation.

• Mr Wang, Ms Fan and Mr Liu breached their Director’s Undertakings for failing to use their best endeavours to procure the Company’s compliance with the Exchange Listing Rules and failing to cooperate in the Exchange’s investigation.

REGULATORY MESSAGE:

Listed issuers and directors must cooperate with any investigation by the Exchange. Any non-cooperation is viewed in an extremely serious light. The conduct of the Directors in this particular case is so serious that the Exchange publicly states that the retention of office by the Directors is prejudicial to the interests of investors.

SANCTIONS:

Public Censures of

• Ding He Mining Holdings Limited

• Mr Wang Song Ling

• Ms Fan Hai Juan

• Mr Liu Fa

with a statement under Rule 2A.09(7) that in the Exchange’s opinion, the retention of office by the Relevant Directors is prejudicial to the interests of investors.

DIRECTION:

• The Company/the Board to provide a submission to the Exchange’s enquiry letter within one week from the date of the Listing Committee’s decision in respect of this matter.

NEWS RELEASE:

https://www.hkex.com.hk/News/News-Release/2019/191220news?sc_lang=en