Brief: Sunac Services Says Stock Exchanges Imposed Disciplinary Sanctions On Sunac Real Estate

Sunac Services Holdings

30/04/2024 14:13

April 30 (Reuters) - Sunac Services  1516.HK :
    * SHANGHAI STOCK EXCHANGE AND SHENZHEN STOCK EXCHANGE
RESPECTIVELY
IMPOSED DISCIPLINARY SANCTIONS ON SUNAC REAL ESTATE
    * SHANGHAI STOCK EXCHANGE ISSUED A PUBLIC CENSURE OF SUNAC
REAL
ESTATE AND CHAIRMAN OF SUNAC REAL ESTATE
    * BOARD OF DIRECTORS OF CO REVIEWED RELEVANT LETTERS OF
DISCIPLINARY SANCTIONS
    * RELEVANT NON-COMPLIANCE WAS DUE TO SUNAC CHINA'S DELAY IN
DISCLOSURE OF 2021 ANNUAL RESULTS AND 2022 INTERIM RESULTS
    * BOARD BELIEVES THAT RELEVANT NON-COMPLIANCE WAS CAUSED BY
OBJECTIVE FACTORS
    * CHAIRMAN OF SUNAC REAL ESTATE STILL SUITABLE TO SERVE AS
CHAIRMAN OF BOARD AND A NON-EXECUTIVE DIRECTOR OF CO

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