Securities Law & Instruments


IN THE MATTER OF
THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF
HONG LIANG ZHONG

ORDER
(Subsections 127(1) and 127(10) of the Securities Act)

                WHEREAS:

1.             on January 25, 2016, Staff of the Ontario Securities Commission filed a Statement of Allegations, in which Staff sought an order against Hong Liang Zhong (“Zhong”) pursuant to subsection 127(1) of the Securities Act;

2.             on January 25, 2016, the Commission issued a Notice of Hearing in respect of that Statement of Allegations, setting February 25, 2016 as the date of the hearing;

3.             at the hearing on February 25, 2016, Zhong did not appear, although properly served, and the Commission ordered that the proceeding continue by way of a written hearing;

4.             Zhong is subject to an order made by a securities regulatory authority in another jurisdiction imposing certain sanctions; and

5.             the Commission is of the opinion that it is in the public interest to make this order;

                IT IS HEREBY ORDERED that:

1.             pursuant to paragraphs 2 and 2.1 of subsection 127(1) of the Act, trading in any securities or derivatives, or acqui-sition of any securities by Zhong shall cease permanently;

2.             pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law shall not apply to Zhong permanently;

3.             pursuant to paragraphs 7 and 8.1 of subsection 127(1) of the Act, Zhong resign any positions that he holds as director or officer of any issuer or registrant;

4.             pursuant to paragraphs 8 and 8.2 of subsection 127(1) of the Act, Zhong be prohibited permanently from becoming or acting as a director or officer of any issuer or registrant; and


5.             pursuant to paragraph 8.5 of subsection 127(1) of the Act, Zhong be prohibited permanently from becoming or acting as a registrant or promoter.

                DATED at Toronto this 26th day of July, 2016

“Timothy Moseley”