Exchange’s Disciplinary Action against Three Former Directors of Metaverse Yunji Technology Group Company Limited (Delisted, Previous Stock Code: 8287)

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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

IMPOSES A DIRECTOR UNSUITABILITY STATEMENT and CENSURE against:
1. 
Mr Kim Jun Yeob, former executive director and chairman of Metaverse Yunji Technology Group Company Limited;
2. Mr Koo Ja Chun, former executive director and chief executive officer; and
3. Mr Cheng Kwan Yu, former executive director.

(each referred to below as a Director)

The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Mr Kim, Mr Koo and Mr Cheng are unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.

The Exchange conducted an investigation concerning whether the Directors discharged their directors’ duties. As part of the investigation, the Division sent investigation and reminder letters to each of the Directors. Mr Kim and Mr Koo did not respond to the Division’s enquiries. Mr Cheng responded to some but not all of the Division’s enquiries.

Cooperation with the Exchange is essential. Directors are reminded to fully cooperate with the Exchange in its investigation. A failure to cooperate includes a failure to provide substantive responses to some or all of the Exchange’s enquiries.

Failure to cooperate in the Exchange’s investigation is a serious breach of the Listing Rules and may result in the most serious disciplinary sanction. 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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