Hong Kong Stock Exchange: Disciplinary action taken against former director of CHI LONGEVITY (01863), Wong Wannang.
The Hong Kong Stock Exchange reminds that directors, even if they have already resigned, must still cooperate with the Hong Kong Stock Exchange's investigation.
On March 19, the Hong Kong Stock Exchange issued a statement indicating that a director disqualification declaration and condemnation were issued to Mr. Wong Wanneng, former executive director of CHI LONGEVITY Limited (01863) (formerly known as Siga Group Limited). The director disqualification declaration means that the Hong Kong Stock Exchange believes that Mr. Wong is not suitable to serve as a director or in any senior management position of the company or its subsidiaries.
The Hong Kong Stock Exchange has sent investigation letters and reminders to Mr. Wong regarding whether he has fulfilled his duties as a director under the Listing Rules. Mr. Wong did not respond to the inquiries from the Hong Kong Stock Exchange.
The Hong Kong Stock Exchange reminds that directors must cooperate with the Exchange's investigations, even if they have resigned. Refusal to cooperate with the Hong Kong Stock Exchange's investigation is a serious violation of the Listing Rules and may result in the imposition of the most severe disciplinary sanctions.
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