The Markets Misconduct Tribunals of the Securities and Futures Commission of Hong Kong has ruled that Dan Feng, the former company secretary of the company, and his mainland associates are guilty of insider trading.

Wisdom Financial APP learned that on July 17th, the Securities and Futures Commission of Hong Kong issued an announcement. The Market Misconduct Tribunal (the Tribunal) ruled that Asia Property Limited (formerly known as Red Maple Holdings Limited) (Red Maple) former company secretary Chen Siying (female) and her mainland associated person Wen Lide (male) engaged in insider trading of Red Maple's shares and ordered the two to surrender illegal profits exceeding HK$1 million. The Tribunal also disqualified Chen Siying from participating in the management of Asia Property Limited or any other listed entities in Hong Kong without the permission of the court for a period of four years, and recommended the Hong Kong Institute of Company Secretaries to take disciplinary action against her.