Core Points - The Hong Kong Stock Exchange has condemned Kaisa Group Holdings Ltd. and its seven current and former directors for failing to send a circular regarding two major transactions completed in August 2023 and for not responding to inquiries within the stipulated timeframe [1][3] Group 1 - Kaisa Group Holdings Ltd. and its seven individuals, including the chairman and CEO, have been identified in the disciplinary action [2] - The deadline for the company to send the circular has been extended to December 2023, but the company only sent it in late April 2025, resulting in a 16-month delay [3] - The company failed to have adequate internal controls to monitor compliance with the Listing Rules, leading to a lack of timely communication with the Stock Exchange [4] Group 2 - The relevant directors did not fulfill their responsibilities and relied excessively on the former company secretary for preparing and sending the circular [4] - The chairman and the former company secretary did not act as the main communication channel with the Stock Exchange and failed to report inquiries to the board in a timely manner [4] - All relevant individuals acknowledged their violations of the Listing Rules and proposed a series of remedial measures, which have been or will be implemented [5]
香港联交所：对合景泰富集团及其6名董事和1名秘书采取纪律行动