The Stock Exchange of Hong Kong has issued a Director Unsuitability Statement and censured three former directors of YNBY International Limited—Mr. Wang Minghui, Mr. Wang Zhaoqing, and Mr. Fong For—due to their failure to cooperate with an investigation into their compliance with Listing Rules. The Listing Committee found that they breached their obligations by not responding to requests for information after their directorship ended, leading to serious violations of the rules. The imposed sanctions specifically apply to these directors and not to the company or other current or former directors.
Resources: https://www.hkex.com.hk/News/Regulatory-Announcements/2024/241003news?sc_lang=en
