HKEX takes disciplinary action against three former directors of AM GROUP (01849)

On 15 September, HKEX published disciplinary action against three former directors of AM GROUP Limited (01849). The Stock Exchange of Hong Kong issued a director unsuitability statement and a censure against Mr. Mou Lei, former executive director and co-chairman of AM GROUP Limited (01849), Mr. Shi Lizhi, former non-executive director of the company, and Ms. Zhang Hong, former independent non-executive director of the company. The Stock Exchange of Hong Kong conducted an investigation into whether Mr. Mou, Mr. Shi and Ms. Zhang had discharged their duties and responsibilities as directors, and issued investigation letters and reminder letters to each of them, but none of them replied to the Listing Division's enquiries or cooperated with the investigation.