Stock Exchange of Hong Kong Publication Of Issuers' Financial Results

The Stock Exchange of Hong Kong noted with concern the increasing number of listed issuers not complying with the requirements of the Listing Rules in respect of the timely publication of financial results.

Failure to publish results within the time limits prescribed in the Listing Agreement constitutes a breach of the Listing Rules by an issuer. The directors of the issuer, in the view of the Exchange, have caused or failed to prevent the issuer from breaching the Listing Rules and thus may be in breach of their undertakings to the Exchange. The Exchange will take enforcement action against the issuer concerned and/or its directors in respect of such breaches, imposing such sanctions as may be appropriate, including that of public censure, on the facts of each case.