EX-HK EXCHANGE OFFICIAL CHARGED

HONG KONG: Hong Kong’s anticorruption unit has charged a former exchange official with bribery and misconduct over a 2017 IPO application by thread manufacturer Shen You Holdings. The Independent Commission Against Corruption alleged in a statement yesterday that Eugene Yeoh took cash payments from a consultant as an inducement to view Shen You Holding’s Hong Kong listing application favourably. Yeoh was joint-head of the IPO vetting team at Hong Kong Exchanges and Clearing at the time. Yeoh did not immediately respond to a LinkedIn message seeking comment and Reuters was not immediately able to obtain contact information for his lawyer.