Fosun Tourism Culture (01992.HK) announced that the Greek Capital Market Committee decided to fine all directors of FOLLI-FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME (FF) a total of 2.07 million euros based on violations such as failure to perform their duties in accordance with the law and did not report regularly to the board of directors during the period from 2013 to 2018, of which Qian Jiannong, executive director and chairman of the company, was fined 30,000 euros for serving as a non-executive director of FF during the period.
The company said that based on the information obtained, it believes that the above matters will not affect Qian Jiannong's qualification as an executive director, pointing out that the above matters are one-off incidents, and that the FF non-executive director stationed as a financial investor in FF has not participated in the preparation of FF's annual report and is not a member of the audit committee of the FF board of directors. At the same time, Qian Jiannong Qian's qualification as a director of a listed company in Greece has not been affected. Expected events will have any significant negative impact on the company's business and operations.