On July 28, The Stock Exchange of Hong Kong censured Redco Healthy Living Company Limited (2370) and its executive directors Mr Tang Chengyong and Ms Wong Yin Man, ordering the two directors to attend training. In 2022, without notifying the board, the two directors arranged subsidiaries to provide over RMB190 million financial assistance to the parent group and third parties and arrange bridging loans of around RMB102.95 million from the parent. They failed to follow Listing Rules on financial assistance, arrange required disclosures and shareholder approvals, or protect the company’s interests; Mr Tang also neglected proper documentation for the loans. HKEX ruled they breached director duties. The exchange noted all funds have been recovered and repaid, and reminded directors to fulfil statutory duties, protect corporate assets and maintain complete records.
Sources: https://www.hkex.com.hk/News/Regulatory-Announcements/2026/260728news?sc_lang=en
Relative Circulars: https://www.hkex.com.hk/-/media/HKEX-Market/Listing/Rules-and-Guidance/Disciplinary-and-Enforcement/Disciplinary-Sanctions/2026/260728_SoDA.pdf