Three Former Directors of AM Group Face Regulatory Action by HKEX

Stock News
Yesterday

On September 15, the Hong Kong Exchange (HKEX) announced disciplinary measures against three former directors of AM Group Holdings Limited (01849). The Stock Exchange of Hong Kong Limited issued statements of unsuitability and censures against Mr. Mou Lei, the company's former executive director and co-chairman, Mr. Shi Lizhi, former non-executive director, and Ms. Zhang Hong, former independent non-executive director.

Following an investigation into whether Mr. Mou, Mr. Shi, and Ms. Zhang fulfilled their director duties and responsibilities, the Stock Exchange sent each of them inquiry letters and reminder letters. However, none of them responded to the Listing Division's queries or cooperated with the investigation.

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