CENTURY EN INTL (08132) announced that on September 19, 2025, the Securities and Futures Commission (SFC) filed an application with the Court of First Instance of the High Court of the Hong Kong Special Administrative Region for disqualification orders against four former directors under Section 214 of the Securities and Futures Ordinance.

The SFC took this action following an investigation into the company's loss of control over four major operating subsidiaries in mainland China. These operating subsidiaries have not been consolidated into the company's accounts since January 1, 2019, resulting in a loss of approximately HK$184 million for the year ended March 31, 2019.

The SFC alleged that the involved former directors failed to properly supervise the four major operating subsidiaries in the mainland and did not act in the company's best interests. Their prolonged lack of oversight ultimately led to the company's inability to consolidate these operating subsidiaries, resulting in substantial financial losses.

Additionally, three former directors are also held responsible for a circular issued by the company in 2014, which contained inaccurate or misleading information about one of the company's operating subsidiaries in mainland China.

As of the date of this announcement, to the knowledge, information and belief of the directors, the aforementioned legal proceedings have not caused any significant adverse impact on the business operations of the company and its subsidiaries.