In the profit warning dated 20 October 2008, the Company indicated that it was “aware of the exposure arising from these contracts on 7 September 2008”10. That the company needed six weeks to comprehend the financial parameters and risks of its derivatives contracts was a nonrealistically long time. The failure to promptly disclose price-sensitive information violated Listing Rule 13.09. However, the Hong Kong Stock Exchange (HKSE) does not have the power to investigate breaches of disclosure requirements. There are no legal penalties for non-disclosure of price-sensitive information.