On May 21, QingSong Health fell 5.42% in regular trading, trading at 25.52 HKD/share, with trading volume of approximately 18.58 million HKD.

The decline extends the fading momentum from the company's May 18 announcement appointing You Mucong as Chief Financial Officer. The appointment briefly lifted the stock 6.62% on May 19, but the positive effect dissipated rapidly, with shares falling 5.07% on May 20 and continuing lower today.

The broader context remains the governance shock triggered on April 17, when former CFO Wang Jing — a 10-year partner of CEO Yang Yin — and independent non-executive director Bai Kun resigned simultaneously, just months after the company's listing. Since that date, the stock has plunged over 80% from 152.30 HKD, with approximately 26 billion HKD in market capitalization evaporated. Despite the new CFO's international investment banking and healthcare private equity background, market skepticism over valuation and fundamentals persists, with short-term selling pressure yet to be fully exhausted.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)