SFC obtains $595 million compensation order and disqualification orders up to 15 years against three former directors and senior executives of Superb Summit International Group Limited

On January 21, 2026, the Securities and Futures Commission ("SFC") secured judicial rulings in the Court of First Instance against three former directors and senior executives of Superb Summit International Group Limited (Superb Summit), mandating them to pay a combined sum of $595 million in compensation for fraudulent schemes that defrauded the company. Additionally, disqualification orders of up to 15 years were imposed.

The individuals named in these orders are Mr. Yang Dongjun, Mr. Wu Tao, and Mr. Chan King Chung. Mr. Yang Dongjun was found to have caused substantial losses through fraudulent acquisitions in 2009 and 2014, totalling $347 million and $248 million, respectively. Both Mr. Wu Tao and Mr. Chan King Chung were also held liable for breaching their fiduciary duties in the 2014 acquisition.

Mr. Yang Dongjun is required to compensate Superb Summit $347 million for the 2009 acquisition and $248 million for the 2014 acquisition. Mr. Wu Tao and Mr. Chan King Chung are jointly ordered to compensate Superb Summit $248 million. The court imposed disqualification periods of 15 years for Mr. Yang Dongjun, and 12 years each for Mr. Wu Tao and Mr. Chan King Chung.

Previously, the SFC had secured disqualification orders against ten former directors of Superb Summit, with periods ranging from two and a half to ten years. The court’s judgment is available on the Judiciary’s website. The SFC’s legal action against the former directors and officers of Superb Summit for their misconduct has now concluded.