MOST KWAI CHUNG's stock price plummeted 5.53% during the intraday trading session on Wednesday, reflecting significant investor reaction to recent corporate developments.

The sharp decline follows the company's announcement of a major board reshuffle, effective May 5, 2026. Five directors resigned, including multiple executive directors and independent non-executive directors who held key committee chairmanships. The departures included Executive Directors Iu Kar Ho, Luk Ka Chun, and Leung Hoi Yui, as well as Independent Non-executive Directors Leung Ting Yuk and Ho Kwong Yu.

Concurrently, the company appointed three new directors: Ms. Cheng Taohong as Executive Director, Dr. Yuan Yuan as Independent Non-executive Director and Audit Committee Chair, and Ms. Yuan Fan as Independent Non-executive Director chairing both the Remuneration and Nomination Committees. The simultaneous exit of multiple seasoned board members and the introduction of a largely new leadership team likely created uncertainty among investors regarding the company's governance stability and strategic direction.