The Stock Exchange of Hong Kong Limited has censured Lisi Group (Holdings) Limited for repeatedly failing to comply with disclosure and approval requirements under Chapters 14 and 14A of the Listing Rules between 2017 and 2021. The Company has been directed to appoint a compliance advisor for two years, review its internal controls, and ensure its current directors attend 24 hours of training. Despite previous instances of non-compliance and being warned by the Exchange, the Company did not maintain adequate internal controls. However, the Company agreed to settle the matter early.
Resuorce: https://www.hkex.com.hk/News/Regulatory-Announcements/2023/230719news?sc_lang=en