The Stock Exchange's disciplinary action against a former director of SKYFAME REALTY (Holdings) Limited (Stock Code: 59)

The Hong Kong Stock Exchange has taken disciplinary action against Yu Bin, a former director of Skyfame Realty (Holdings) Limited, for his failure to cooperate with the investigations of the Securities and Futures Commission and the Stock Exchange. Mr. Yu did not respond to the requests of the Securities and Futures Commission, resulting in the Stock Exchange issuing a statement of unsuitability for him as a director, deeming him unfit to serve as a director or senior management of the company or its subsidiaries. This incident highlights the importance of directors cooperating with investigations, as non-cooperation may lead to severe disciplinary sanctions