Hong Kong Corporate and Regulatory Insights August 2021

The Stock Exchange of Hong Kong Limited (SEHK) takes disciplinary action against a former director of Winto Group (Holdings) Limited (the Company) (Stock Code: 8238) -

The GEM Listing Committee of SEHK (the GEM Listing Committee) censures - Mr. Wen Kai, former independent nonexecutive director.

SEHK found that Mr. Wen breached his undertaking to cooperate in an investigation conducted by the Listing Division and to promptly respond to queries addressed to him. SEHK further found that such breach was serious and his conduct demonstrated his failure to discharge his responsibilities under the rules governing the listing of securities on GEM (GEM Listing Rules).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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