Regulatory Alerts2026-04-23
Added · Updated
QEX director Jingjie Xue banned and ordered to pay a penalty
The Financial Markets Authority imposed civil penalties of $875,000 on QEX Logistics Limited and $175,000 on its founder Jingjie Xue for failing to prepare and file annual financial statements. The Court also banned Mr. Xue from serving as a director of any FMC reporting entities for three years due to breaches of the Financial Markets Conduct Act 2013. This enforcement action marks the first time the FMA has instigated civil proceedings for breaching financial reporting obligations, citing the lack of transparency left hundreds of shareholders without critical information.
Share