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FingerTango Inc. — Legal Proceedings Report 2021
Jun 17, 2021
51061_rns_2021-06-17_9e8e59dd-8e57-41f0-b2c1-3d960304e607.pdf
Legal Proceedings Report
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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FingerTango Inc.
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 6860)
INSIDE INFORMATION RECEIPT OF WRIT OF SUMMONS
This announcement is made by FingerTango Inc. (the “ Company ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board (the “ Board ”) of directors (the “ Directors ”) of the Company announces that on 16 June 2021, the Company has received a writ of summons issued in Court of First Instance of the High Court of the Hong Kong Special Administrative Region by Leading Global Fund SPC as plaintiff. As set out in the indorsement of claim, the plaintiff claims against the Company for the sum of HK$250,000,000 pursuant to a subscription agreement entered into between the plaintiff and the Company on or around 16 July 2018 (the “ Subscription Agreement ”) and the damages for alleged breach of the Subscription Agreement by the Company’s failure to transfer the sum of HK$250,000,000 to the plaintiff in accordance with the Subscription Agreement, together with interest, costs and further or other relief. As the plaintiff has only served the indorsement of claim to the Company, the actual case against the Company cannot be known and no details are available to the Company until the statement of claim is filed and served.
The Company is currently seeking legal advice regarding the relevant proceedings. The Company will keep its shareholders and investors informed of any significant development of the above proceedings and will make further announcement(s) as and when appropriate in accordance with the Listing Rules.
Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company.
By order of the Board FingerTango Inc. LIU Jie Chairman and Chief Executive Officer
Guangzhou, the People’s Republic of China 17 June 2021
As at the date of this announcement, the Board comprises Mr. LIU Jie and Mr. ZHU Yanbin as executive Directors and Mr. GUO Jingdou, Ms. YAO Minru and Dr. LIU Jianhua as independent non-executive Directors.