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Exchange’s Disciplinary Action against Two Former Directors of Universal Star (Holdings) Limited (Delisted, Previous Stock Code: 2346)
Regulatory
11 Mar 2025
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. Ms Liang Lixia, former executive director and chairlady;
2. Mr Zhang Jiantao, former non-executive director.
The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Ms Liang and Mr Zhang are unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.
These sanctions were imposed as despite repeated reminders, Ms Liang and Mr Zhang had failed to discharge their director’s obligation under the Listing Rules to cooperate in an investigation conducted by the Listing Division.
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Failure to cooperate in the Exchange’s investigation is a serious breach of the Listing Rules. 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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