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Thursday, April 17, 2025

6999) and One Current Director

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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

CENSURES:
(1) Leading Holdings Group Limited (Stock Code: 6999); and
(2) Mr Liu Yuhui, executive director, chairman and chief executive officer,

AND FURTHER DIRECTS:
Mr Liu to attend training.

The Exchange found that in breach of the Listing Rules, Mr Liu had failed to exercise reasonable skill, care and diligence to ensure the accuracy and completeness of the information provided by the Company to the Exchange and stated in the Company’s announcement.

 

On 19 May 2022, in response to the Exchange’s enquiries of the Company about whether there was any forced sale of the Company shares held by controlling shareholders, the Company responded in the negative. On the same day, the Company issued an announcement to that effect. In fact, a forced sale of about 1% of the Company shares beneficially owned by Mr Liu was executed.  Mr Liu failed to make any reasonable enquiry before procuring the Company to respond to the Exchange and issue the announcement.

Subsequently, after becoming aware of such information being inaccurate, incomplete and/or misleading, he failed to correct the position by informing the Exchange and procuring the Company to publish an announcement.

For the maintenance of a fair, orderly and efficient market for the trading of securities, it is imperative that information disclosed by a listed company and provided to the Exchange is accurate and complete in all material respects and not misleading. Therefore, directors must use their best endeavours to ensure the accuracy and completeness of such information.

If the information so announced or provided is subsequently found to be inaccurate, incomplete and/or misleading, they must correct the position by issuing an announcement and informing the Exchange in a timely manner.

 

 

Ends

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