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Yungongchang (02512.HK) and Four Directors Reprimanded by Hong Kong Stock Exchange
The Hong Kong Stock Exchange has taken disciplinary action against Yungongchang Technology (02512.HK), including a public censure of the company and four directors. The directors i...
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Yungongchang (02512.HK) and Four Directors Reprimanded by Hong Kong Stock Exchange
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The Hong Kong Stock Exchange has taken disciplinary action against Yungongchang Technology (02512.HK)  +0.110 (+3.470%)   , including a public censure of the company and four directors. The directors involved are Executive Director, Chairman and Chief Executive Officer Sun Tao; Executive Director Jiang Yanqiu; Executive Director Ji Lijun; and former Executive Director Zhu Wentao.

The Hong Kong Stock Exchange further directed the company to appoint a compliance adviser for a period of two years. Each of the directors concerned is required to complete 18 hours of training on regulatory and legal topics as well as compliance matters under the Listing Rules, including the following: (i) directors duties; (ii) the Corporate Governance Code; and (iii) the requirements under Rules 2.13 and 3A.20 of the Listing Rules. The Hong Kong Stock Exchange also stated that, as a precondition for any future appointment of Zhu Wentao as a director of any company listed or to be listed on the Exchange, he must complete 18 hours of training. (ec/w)(HK stocks quote is delayed for at least 15 mins.)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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