Hong Kong Regulations

COMPANIES (REVISION OF ACCOUNTS AND REPORTS) REGULATION - SECT 13

Notifying recipients of summary financial reports after revision of accounts

(1) This section applies if—

   (a)  the directors of a listed company cause the accounts of the listed
        company to be revised under section 141E of the Ordinance; and

   (b)  a copy of the summary financial report concerned is sent to a person
        in compliance with section 141CA of the Ordinance.

(2) If the directors have not made revisions to the summary  financial report
under section 141E of the Ordinance, the listed company shall, within 28 days
after the date of revision in relation to the revised accounts, send a note
that complies with subsection (3), together with a copy of the audit report on
the revised accounts, to—

   (a)  every person who was sent a copy of the summary financial  report; and

   (b)  every person to whom the listed company shall, as at the date 
        of revision in relation to the revised accounts, send a copy of the
        summary financial report for the current financial year in compliance
        with section 141CA of the Ordinance.

(3) The note is to state that the accounts of the listed company for the
financial year specified in the note have been revised in a way that has no
bearing on the summary financial report for that financial year.

(4) If the directors have made revisions to the summary financial  report
under section 141E of the Ordinance, the listed company shall, within 28 days
after the date of revision in relation to the revised  accounts, send a copy
of the revised summary financial report, together with a statement of the
revisions made and their effect, to—

   (a)  every person who was sent a copy of the summary financial  report
        concerned; and

   (b)  every person to whom the listed company shall, as at the date 
        of revision in relation to the revised accounts, send a copy of the
        summary financial report for the current financial year in compliance
        with section 141CA of the Ordinance.

(5) If a listed company fails to comply with subsection (2) or (4), the listed
company, and every officer of the listed company who is in default, commit an
offence, and each is liable to a fine at level 3 and, in the case of a
conviction for the offence after continued failure, to a further fine of $300
for each day during which the failure is continued.