From August 2021 to January 2022, the Company’s subsidiary made five transactions that involved buying convertible bonds, converting them to shares, and disposing the shares. These transactions were considered significant, but the Company failed to follow the disclosure and approval requirements set out in the Listing Rules. When the Company realized its non-compliance, it informed the Exchange and took remedial actions. The Exchange acknowledges that the Company agreed to resolve the issue early.
Resource: https://www.hkex.com.hk/News/Regulatory-Announcements/2023/230705news?sc_lang=en