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Exchange’s Disciplinary Action against Two Former Directors of Suchuang Gas Corporation Limited (Delisted, Previous Stock Code: 1430)
Regulatory
22 Oct 2024
香港聯合交易所有限公司
(香港交易及結算所有限公司全資附屬公司)
THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
The Stock Exchange of Hong Kong Limited
IMPOSES A DIRECTOR UNSUITABILITY STATEMENT and CENSURE against:
1. Mr Su A Ping, former executive director; and
2. Mr Du Shao Zhou, former executive director.
The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Mr Su A Ping and Mr Du Shao Zhou are unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.
The Listing Division conducted an investigation into the discharge of directors’ duties and obligations under the Listing Rules by Mr Su A Ping and Mr Du Shao Zhou. Mr Su and Mr Du did not respond to the Division’s investigation and reminder letters in time or at all. They failed to cooperate in the investigation.
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Key messages: Failure to cooperate in the Exchange’s investigation is a serious breach of the Listing Rules. A director’s obligation to cooperate does not lapse after his or her resignation, or after an issuer ceases to be listed on the Exchange. |
Ends
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