Kingworld (01110) announced that the company noted the Hong Kong Independent Commission Against Corruption (ICAC) regarding events that occurred in November 2024...
According to Zhitong Finance APP, Kingworld (01110) announced that the company noted the Hong Kong Independent Commission Against Corruption (ICAC) issued a press release on November 13, 2024, stating that two former employees of the group (defendants) were prosecuted by the ICAC.
The defendants are accused of engaging in the alleged illegal activities mentioned in the press release. The defendants resigned from all positions in the group in mid-July 2024 and mid-August 2024 respectively.
The company emphasizes that the board of directors, senior management, and employees of the company are not involved in any illegal activities the defendants are accused of.
The board of directors believes that such cases do not pose any significant adverse effect on the group, as the corresponding financial impact only accounts for a very small proportion of the group's total assets.