Listed issuers and directors must cooperate with any investigation by the Exchange. Any non-cooperation is viewed in an extremely serious light. The conduct of the Directors in this particular case is so serious that the Exchange publicly states that the retention of office by the Directors is prejudicial to the interests of investors.
The Listing Committee of The Stock Exchange of Hong Kong Limited (“Listing Committee”)
CENSURES:
| (1) | Ding He Mining Holdings Limited (“Company”) (Stock Code: 705)
for breach of Rule 2.12A(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Exchange Listing Rules”) for failing to provide the Exchange with information and documents for the purposes of an Exchange’s investigation; |
| AND CENSURES: | |
| (2) | Mr Wang Song Ling (“Mr Wang”), current Executive Director (“ED”) and Chairman of the Company; |
| (3) | Ms Fan Hai Juan (“Ms Fan”), current independent non-executive director (“INED”) of the Company; and |
| (4) | Mr Liu Fa (“Mr Liu”), current INED of the Company; |
for breaching their obligations under the Declaration and Undertaking given to the Exchange in the form set out in Appendix 5B to the Exchange Listing Rules for failing to use their best endeavours to procure the Company’s compliance with the Exchange Listing Rules and failing to cooperate in the Exchange’s investigation (the directors identified at (2) to (4) above are collectively referred to as “Relevant Directors”).
Read More: https://www.hkex.com.hk/News/News-Release/2019/191220news?sc_lang=en