SFC commences legal proceedings against former senior executives of China Automotive Interior Decoration Holdings Limited and its subsidiary

On 29 April 2026,The Securities and Futures Commission (SFC) initiated legal proceedings against former director Wong Ho Yin and general manager So Lung Ying of China Automotive Interior Decoration Holding. The allegations involve breaches of fiduciary duties regarding $14.6 million in fictitious transactions conducted through a subsidiary, Giant Faith Holdings. Between late 2019 and early 2020, Wong allegedly authorized payments to a Mainland entity disguised as food procurement, which the SFC contends were misappropriated funds rather than legitimate trade payables. The regulator is seeking disqualification orders for both individuals and a $14.6 million compensation order against Wong to recover the corporate losses.


Source: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=26PR62