On the evening of October 26, *ST Rongkong (000668) announced it was unable to contact its independent director, Liu Changkang. The company revealed that it sent the notice for the 14th meeting of the 11th board of directors on October 14, but the staff from the secretariat have been unable to reach Liu by phone or WeChat. As of the announcement date, the company could not determine the reason for the lack of contact with Liu.
According to the announcement, Liu serves as an independent director on the 11th board and holds no other positions besides that of an independent director and member of the Strategic Decision-Making Committee and the Compensation and Assessment Committee. He does not have an accounting background and does not participate in the company's day-to-day operations. As of the announcement date, 6 of the 7 board members are performing their duties normally, including 2 independent directors. This situation will not reduce the number of board members below the legal minimum and will not impact the operation of the board or the company’s production and management.
On the same evening, *ST Rongkong disclosed its third-quarter report for 2025, showing that in the first three quarters, the company achieved operating revenue of approximately 185 million yuan, a staggering year-on-year increase of 377.55%, while net profit attributable to the company came in at around -27.404 million yuan, marking an improvement in losses year-on-year.
Trading data indicates that from October 21 to October 24, *ST Rongkong secured three daily price limits. As of the close on October 24, the company's stock price was at the price limit of 11 yuan per share, with a total market capitalization of 1.615 billion yuan.
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