The party involved China Gem Holdings Limited (Stock Code: 1191) and its seven directors.
In July and August 2020, the Listing Division enquired with the Company about the Company’s annual results for the year ended 31 December 2019 and a complaint to verify compliance with the Listing Rules. However, the Company did not respond to the enquiries. In conclusion, the Company breached Rule 2.12A(2) by failing to respond to the Division’s enquiries timely and provide the information/explanation required by the Division. The Relevant Directors’ breach of their respective Director’s Undertakings and the Listing Rules.
Therefore, after an investigation by the listing division, the listing division will cancel the listing of the Company’s shares under Rule 2A.10A(2)(b) if Mr Zhong, Mr Wu, Mr Kan, Mr Primhak and Mr Li remain in a position as director or within the senior management of the Company.