LISI GP HOLD00526.HK): HKEX Takes Disciplinary Action Against the Company, Six Former Directors and One Former Company Secretary
NewTimeSpace News: The Stock Exchange of Hong Kong Limited (HKEX) has taken disciplinary action against Lisi Group (Holdings) Limited (00526.HK), six of its former directors and one former company secretary. Over a period of more than 38 months, the Group made 333 unsecured and interest-free fund transfers to connected persons, involving a peak daily outstanding balance of approximately RMB329 million, constituting 191 major and connected transactions without complying with requirements for announcements, circulars and shareholders’ approval. HKEX issued a public censure against the Company and the six former directors, and issued a Prejudice to Investors’ Interests Statement in respect of the six directors.
NewTimeSpace News: The Stock Exchange of Hong Kong Limited published a disciplinary action statement on 25 June 2026, imposing disciplinary sanctions on Lisi Group (Holdings) Limited (00526.HK), six former directors and one former company secretary of the Company.
Between April 2021 and June 2024 (over 38 months), Ningbo Xinjiangxia, a subsidiary of the Company, executed 333 fund transfers to Ningbo Lisi Holdings Co., Limited, an entity owned by former Chairman Mr. Li Lixin. The transfers were unsecured, interest-free and without fixed repayment terms, with the maximum daily outstanding balance reaching roughly RMB329 million. Separately, another subsidiary of the Group prepaid approximately RMB244 million to three suppliers in March 2024; the procurement was later terminated as the Group failed to win the tender, and the funds were recovered.
The Listing Committee ruled that the Company breached multiple provisions of the Listing Rules including Rules 13.13, 14.34, 14.38A, 14.40 and 14A.34.
HKEX issued a public censure against the Company.
A public censure together with a Prejudice to Investors’ Interests Statement was issued against six former directors: former Chairman & Executive Director Mr. Li Lixin, former Executive Directors Mr. Cheng Jianhe and Ms. Jin Yaxue, former Independent Non-executive Directors Mr. Xian Yi, Mr. He Chengying and Mr. Kwun Kwan Tong.
HKEX also censured former Company Secretary Ms. Peng Wanshan and directed her to complete 24 hours of relevant training.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
Tags：
