The High Court today convicted Mr. Wong Ming Chun of two counts of money laundering, sentencing him to seven years and eight months' imprisonment for misappropriation of funds from Hua Han Health Industry Holdings Limited. He was also disqualified from being a director for 12 years.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On October 22, 2025, the Securities and Futures Commission ("SFC") commended the High Court’s conviction of Mr. Wong Ming Chun for two counts of money laundering, linked to the 2015 misappropriation of funds from Hua Han Health Industry Holdings Limited (Hua Han). Wong, a former financial controller and company secretary of Hua Han, pleaded guilty to the charges and received a seven-year and eight-month prison sentence. Furthermore, he was prohibited from serving as a director of any company in Hong Kong for a period of 12 years, absent the court’s leave.
The SFC investigation disclosed that the proceeds of Hua Han’s 2015 fundraising activities had been misappropriated. The investigation was subsequently referred to the Police. The SFC’s Executive Director of Enforcement, Mr. Christopher Wilson, stressed the severity of Wong’s breach of trust and emphasized the vital role of financial controllers in maintaining the financial integrity of a company and investor trust through effective internal controls.
The conviction serves as a reminder of the critical responsibilities of such roles in safeguarding shareholder interests rather than exploiting them. Mr. Wilson underscored the SFC’s commitment to utilizing all available enforcement tools to maintain market integrity and ensure that justice is served.
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