According to the Zhitong Finance App, Hongbao Resources (01131) issued an announcement. The Stock Exchange condemned the company and made statements harming investors' rights to the following persons: Ashok Kumar Sahoo, former executive director and chief financial officer of the company; former executive director and chairman Ng Say Pek; former executive director Lim Beng Kim Lulu; independent non-executive director Cheng Yu; and censure former executive director and CEO Ng Wei Xin.

In addition to the above statements made to Mr. Sahoo, Mr. Ng SP, Ms. Lim and Mr. Cheng, the Stock Exchange also publicly condemned each of them. The statement that harms investors' rights means that the Stock Exchange believes that if Mr. Sahoo, Mr. Ng Sp, and Ms. Lim remain directors of the company's board of directors, their retention will damage investors' rights; and Mr. Cheng's retention in office will damage investors' rights.

And further instructions: If Mr. Ng XW is to be re-appointed as a director of any company listed on the Stock Exchange or a company to be listed on the Stock Exchange in the future, the prerequisite is to complete 15 hours of training on regulatory and legal issues and compliance with the Listing Rules, which includes at least 3 hours each on the following topics: duties as a director; and the Corporate Governance Code.