On 6 October 2026, the Stock Exchange of Hong Kong issued a statement imposing a Prejudice to Investors’ Interests Statement and censure against Li Siu Bun, former CFO and company secretary of CHK Oil Limited (632), for serious dereliction of duty: having learnt in January 2024 that key US‑based oil‑and‑gas leases representing 40% of the group’s 2022 total assets had been terminated, he merely forwarded the relevant email to an unresponsive director, failed to investigate the incident or escalate it to the full board, audit committee or auditors, and kept recognising the terminated leases as group assets when preparing the 2023 consolidated financial statements; this conduct led to a 58.1% overstatement of total assets in the published 2023 annual report, rendering the results materially misleading and triggering a listing‑rules breach, prompting the bourse to remind listed‑issuer CFOs and company secretaries to exercise due care, escalate irregularities and act as active compliance guardians rather than passively relying on other management personnel.
Sources: https://www.hkex.com.hk/News/Regulatory-Announcements/2026/2610062news?sc_lang=en