Exchange’s Disciplinary Action against Three Former Directors of AM Group Holdings Limited (Stock Code: 1849)

On 15 September 2026, The Stock Exchange of Hong Kong has imposed a director unsuitability statement and censure against Mr Mu Lei, Mr Shi Lizhi and Ms Zhang Hong, former directors of AM Group Holdings Limited (Stock Code:1849). The Exchange investigated their performance of directors’ duties and issued investigation and reminder letters, yet they failed to respond to enquiries or cooperate with the probe. A key takeaway: directors’ obligation to cooperate survives resignation; non-cooperation with HKEX investigations constitutes a serious breach of the Listing Rules and may attract severe disciplinary sanctions, with the full notice published on HKEX’s website.

Sources: https://www.hkex.com.hk/-/media/HKEX-Market/Listing/Rules-and-Guidance/Disciplinary-and-Enforcement/Disciplinary-Sanctions/2026/260915_SoDA.pdf