SUNART RETAIL (06808) fell over 4% in the morning session. As of press time, the stock was down 4.06% to HK$1.89, with a turnover of HK$17.0726 million.

On the news front, regarding reports that RT-Mart's Chief Operating Officer Guan Mingwu was taken away by police, RT-Mart responded that the case is currently under investigation, and everything will be subject to the information and investigation results published by the public security authorities. RT-Mart also emphasized that the company has always adhered to the concept of legal and compliant operations, with zero tolerance for illegal and non-compliant behavior. It is understood that Guan Mingwu serves as Chief Operating Officer within RT-Mart and reports directly to CEO Shen Hui.

In January 2025, Alibaba announced the sale of its approximately 78.7% stake in SUNART RETAIL to Decheng Capital, completely exiting SUNART RETAIL. Following Decheng Capital's takeover, multiple reforms have been implemented: management changes occurred with Alibaba personnel departing and founder Huang Mingduan resigning as Chairman of the Board, succeeded by Decheng Capital co-founder Hua Yuneng; organizationally, the five major operating regions were consolidated into four regions: East China, South China, North China, and Northeast China; negative cash flow stores were closed and personnel structure optimized, with sales and marketing expenses for fiscal 2025 decreasing by RMB 2.946 billion year-on-year to RMB 15.232 billion, and administrative expenses falling 24.1% to RMB 1.709 billion. Meanwhile, the company is advancing product strategy adjustments.