Criticism of Yu Jian Qiu, Chairman of China Metal Resources Utilization (1636)

For dealing during the results blackout period, which was extended because the 2019 results were initially unaudited. He is directed to attend 9 hours of training. He sold 261.008m shares in an off-market transaction on 31-Mar-2020 at $2.66. We note that in an off-market transaction on the same date, Steven Kwek Poh Song bought 280,312,902 shares (10.65%) via Quaestus Capital Pte Ltd (of which he owned 80%), also at $2.66 each.

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