Exchange’s Disciplinary Action against Three Former Directors of YNBY International Limited (Formerly Known as Ban Loong Holdings Limited) (Stock Code: 30)

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 the former directors of YNBY International Limited (Formerly Known as Ban Loong Holdings Limited) (Stock Code: 30):

1. Mr Wang Minghui, former executive director and chairman;
2. Mr Wang Zhaoqing, former executive director; and
3. Mr Fong For, former non-executive director 

The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Mr Wang Minghui, Mr Wang Zhaoqing and Mr Fong For 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 Mr Wang Minghui’s, Mr Wang Zhaoqing’s and Mr Fong For’s discharge of directors’ duties and obligations under the Listing Rules. Mr Wang Minghui, Mr Wang Zhaoqing and Mr Fong For did not respond to the Division’s investigation and reminder letters. They failed to cooperate in the investigation. 

 

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