---
title: "The Stock Exchange condemns the chairman and executive directors of STERLING GP"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273061929.md"
description: "The Stock Exchange has condemned STERLING GP and its executive director, chairman Wang Meihui, executive director Xiao Yiming, and former executive director Zhong Guowei, requiring them to complete designated training. Due to the group's trading of clothing products through its subsidiary SAL, Wang Meihui and Zhong Guowei failed to disclose relevant transactions in accordance with listing rules when client JPO encountered liquidity issues, and did not report the financial assistance provided to JPO to the board of directors"
datetime: "2026-01-20T09:28:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273061929.md)
  - [en](https://longbridge.com/en/news/273061929.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273061929.md)
---

# The Stock Exchange condemns the chairman and executive directors of STERLING GP

The Hong Kong Stock Exchange announced that it reprimanded STERLING GP (01825.HK), its executive director, chairman, and CEO Wang Meihui, executive director Xiao Yiming, and former executive director Zhong Guowei, and instructed all individuals to complete designated training.

The Stock Exchange stated that the group, through its subsidiary SAL, trades in clothing products, and when SAL's main client JPO encountered liquidity issues, Wang Meihui and Zhong Guowei decided to provide financial assistance to JPO, including support for its new stock listing application on Nasdaq. This involved connected transactions, and the company did not disclose this in accordance with listing rules, with Wang Meihui and Zhong Guowei's advances to JPO also not reported to the board of directors

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