24 Apr 2026
SECURITIES AND FUTURES COMMISSION v. XU JINPEI AND OTHERS
- Citation
- [2026] HKCFI 2187
- Court
- Court of First Instance
- Case number
- HCMP572/2022
On the agreed facts the Court was satisfied that the Company’s accounts were materially overstated by a scheme of inflating and falsifying bank balances affecting consolidated financial statements, that the respondents each breached duties of care, skill and diligence thereby engaging s214(1)(b),(c) and (d), and that disqualification orders of 24, 33, 12 and 12 months respectively (with a carve out for Excellent Management Ltd for the 7th Respondent) were a proportionate exercise of the Court's discretion given gravity and mitigating factors.