Glonghui December 12|La Chapelle (06116.HK) issued an announcement. The Stock Exchange issued a statement on the unsuitability of directors to the following persons: Mr. Xing Jiaxing, former executive director and chairman of the company (undergoing bankruptcy and restructuring).
In addition to the above statement to Mr. Xing, the Stock Exchange also publicly denounced him. A statement of unsuitability for directors means that the Stock Exchange believes that Mr. Xing is unfit to serve as a director or senior management member of the company or any of its subsidiaries.