China Evergrande Hong Kong Stock Exchange announced that Xu Jiayin has been subject to compulsory measures in accordance with the law due to suspicion of illegal crimes.
China Evergrande (03333.HK) announced on the Hong Kong Stock Exchange that the company has received notice from relevant departments that Mr. Xu Jiayin, the company’s executive director and chairman of the board of directors, has been subject to compulsory measures in accordance with the law for being suspected of illegal crimes. Trading of the Company's shares on the Stock Exchange will be suspended from 9:00 am on September 28, 2023. Trading in the Company's shares will continue to be suspended until further notice.