ASIC notes the decision of the Commonwealth Director of Public Prosecutions (CDPP) to withdraw the charge against Mr James Jianshu Feng, a former director of Australasia Wealth Services and Management Pty Limited (AWSM).

The prosecution had alleged that, on or about 21 January 2020, while still a director of AWSM, Mr Feng authorised a form being lodged with ASIC that he knew falsely identified another person as being the director of AWSM from 31 July 2019. On 3 April 2020, AWSM was wound up in insolvency upon an application made by ASIC.

The CDPP has conducted a further review of the matter and determined that the charge against Mr Feng be withdrawn.