HOME CONTROL (01747.HK): Issues Follow-up Announcement on HKEX Disciplinary Action, Says All Current Directors Appointed After Relevant Events and Compliance Adviser Engaged
NewTimeSpace News: On 8 September 2026, Home Control International Limited (stock code: 01747) issued a voluntary announcement providing further information and background in relation to the disciplinary action statement and press release published by the Stock Exchange of Hong Kong Limited on the same day concerning disciplinary action against the company and two former directors. The company emphasised that the sanctions and directions apply only to the company and the two former directors, Mr. Gao Yu and Mr. Chen Guojing, and not to any other former or current directors of the company.
The announcement noted that the composition of the board has undergone significant changes: following the completion of the sale of 375,000,000 shares of the company, the controlling shareholder changed from NHPEA IV Home Control Netherlands B.V. to Meta-Wisdom Tech Limited (Meta Wisdom) in June 2025, and all current board members were appointed after the events constituting the subject matter of the disciplinary action. The company stated that although the current board was not involved in the historical matters addressed in the disciplinary action statement, it has carefully considered the findings and concerns raised by the Exchange and is committed to strengthening the company's internal controls and compliance framework.
To further enhance the corporate governance framework, the company has voluntarily engaged a compliance adviser to provide ongoing guidance and support to the board and management, with a view to improving internal controls, consolidating its compliance governance framework and ensuring continued compliance with the Listing Rules. The board also assured investors and shareholders that the company remains firmly committed to its future business development and, under the new management with an enhanced governance framework and renewed strategic focus, is well positioned to achieve its business objectives.
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