Gelonghui, Feb. 27丨Ding Yifeng Holdings (00612.HK) issued an announcement. The board of directors noted from the press release issued by the Securities and Futures Commission (“Securities Regulatory Commission”) on February 26, 2024 (“SFC Press Release”) that the CSRC has initiated legal proceedings in the Court of First Instance against Mr. Sui Guangyi, the former chairman and non-executive director of the Company, and 20 other persons, indicating that he controlled the company's shares between March 1, 2018 and September 14, 2018. According to the SFC press release, the SFC is seeking a number of court orders under section 213 of the Securities and Futures Ordinance to restore affected counterparties to their pre-transaction situation when the court finds that each defendant has breached the relevant provisions of the Securities and Futures Ordinance, and to restrict each defendant from disposing of or otherwise handling any asset and/or property, and at the same time ensure that sufficient assets are available to comply with the relevant restitution order.
The Board of Directors wishes to draw the attention of shareholders and potential investors to the fact that Mr. Sui resigned from all his positions with the company four years ago, namely non-executive director, chairman of the board of directors, and member of the Board's Investor Relations Committee, with effect from the end of business hours on January 22, 2020. Mr. Sui is the main shareholder of the company.