CENTURY EN INTL (08132) was accused of losing control of its mainland subsidiary. The Securities and Futures Commission applied to cancel the qualifications of four former directors.

CENTURY EN INTL (08132) announced that on September 19, 2025, the Securities and Futures Commission (SFC) has initiated legal proceedings under Section 214 of the Securities and Futures Ordinance, applying to the High Court of the Hong Kong Special Administrative Region for disqualification orders against four former directors. The SFC took the above action after conducting an investigation into the loss of control of four major operating subsidiaries in Mainland China by the company. These operating subsidiaries ceased to be consolidated into the company's financial statements from January 1, 2019, resulting in a loss of approximately HK$184 million for the year ended March 31, 2019. The SFC alleges that the former directors in question failed to properly oversee the four main operating subsidiaries in Mainland China and did not act in the best interests of the company. Their prolonged lack of supervision ultimately led to the inability to consolidate the financial statements of these subsidiaries, resulting in significant financial losses. Furthermore, three former directors are also held responsible for a circular issued by the company in 2014 that contained inaccurate or misleading information about one of its operating subsidiaries in Mainland China. As of the date of this announcement, the directors believe that the aforementioned legal proceedings have not had a significant adverse impact on the company and its subsidiary operations.