Date

Company / Name

Breach Conduct

Disciplinary Actions


3 April 2018
  • Mr Fu Ji Wen, former executive director of Huarong International Financial Holdings Limited

  • Director’s Undertaking
  •  

  • Director’s failure to cooperate in the Exchange’s investigation.
  •  


REGULATORY MESSAGE:

The Exchange attaches great importance to a director’s obligations under the Director’s Undertaking to cooperate with its investigation and to provide his up-to-date contact address for a period of three years from the date on which he ceases to be a director of the issuer. During that three-year period, the Exchange shall be deemed to have served documents and notices on the director at the last known address he has given to the Exchange.


A director’s failure to comply with his obligations under the Director’s Undertaking is unacceptable and may, in appropriate cases, lead to disciplinary action and the imposition of a public sanction against him.


This decision reinforces the Exchange’s message that it will not tolerate a director’s failure to comply with these important obligations and that a finding of breach will impact his suitability to act as director of a listed issuer in the future.


SANCTIONS:


Public Censure of


  • Mr Fu Ji Wen

with a statement that Mr Fu's conduct in this matter will be taken into account in assessing his suitability under Rule 3.09 of the Exchange Listing Rules in the event that he should wish to become a director of an issuer listed on the Exchange in the future.


NEWS RELEASE:

http://www.hkex.com.hk/News/News-Release/2018/1804032news?sc_lang=en