NewTimeSpace News: The Stock Exchange of Hong Kong Limited (HKEX) issued a Statement of Disciplinary Action on January 27, 2026, imposing a reprimand and a declaration of unfitness to act as director against Mr. Yu Bin, former Executive Director and Chairman of Skyfame Realty (Holdings) Limited (00059.HK). The Exchange concluded that Mr. Yu is unfit to hold the position of director or senior management in the Company or any of its subsidiaries.

Investigations revealed that during the SFC’s investigation into the Company and its directors for alleged violations of the Securities and Futures Ordinance, the SFC issued meeting and investigation notices as well as reminder emails to Mr. Yu, but he failed to respond.

Subsequently, HKEX’s Listing Division also launched an investigation into whether Mr. Yu had violated the Listing Rules regarding the duty to cooperate with regulatory investigations. It issued investigation letters and reminder letters to Mr. Yu, who similarly failed to provide any response.

The Listing Committee ruled that Mr. Yu had violated Rules 3.09C and 3.20 of the Listing Rules by failing to fulfill his obligation to cooperate in investigations conducted by both the Listing Division and the SFC, and that the violation was serious. The Committee emphasized that directors remain obligated to provide information and attend meetings as reasonably requested by regulatory authorities, even if the issuer has been delisted or the director has left office.

Based on the above violations, the Listing Committee decided to impose the aforementioned sanctions on Mr. Yu. HKEX confirmed that this disciplinary action targets Mr. Yu individually and does not involve the Company or any of its other current or former directors.