Core Viewpoint - Gao Xin Retail has appointed Li Weiping as the new Executive Director and CEO, effective December 1, 2025, following the resignation of Shen Hui due to family reasons. The company aims to leverage Li's extensive experience in retail to implement its three-year strategic plan and enhance its product differentiation and supply chain efficiency [1]. Group 1: Management Changes - Li Weiping has over 20 years of management experience in the retail industry, previously holding key positions at Hema and other retail companies [1]. - Li will not receive any director's fees but will have a fixed annual salary of 3.36 million RMB as CEO, along with performance-based bonuses [1]. - The company expects Li's professional background to align with its strategic goals, focusing on product and supply chain improvements [1]. Group 2: Performance and Challenges - Gao Xin Retail has faced significant challenges, including a decline in performance and difficulties in online transformation, with net profit turning to a loss in the 2022 fiscal year [3][4]. - For the half-year ending September 30, 2025, the company reported revenues of 30.502 billion RMB, a decrease of 12.1% year-on-year, and a loss attributable to equity shareholders of 123 million RMB, compared to a profit of 206 million RMB in the same period last year [4]. - The company plans to accelerate store renovations, aiming to complete over 30 store renovations within the fiscal year and over 200 by the next fiscal year [4]. Group 3: Strategic Initiatives - Gao Xin Retail operates 462 hypermarket stores under various brands, with revenue primarily from product sales, membership fees, and tenant rents [3]. - The company has seen a 7.4% increase in online B2C order volume, contributing to a 2.1% growth in same-store sales [4]. - The establishment of front warehouses in five locations aims to enhance logistics efficiency and meet local consumer demands [4].

Core Viewpoint - Gao Xin Retail announced the appointment of Li Weiping as the new Executive Director and CEO, effective December 1, 2025, following the resignation of Shen Hui due to family reasons [1][3] Group 1: Management Changes - Shen Hui has been recognized for his efforts in implementing the company's strategy and upgrading its business during his tenure, focusing on "returning to the essence of retail" and enhancing brand competitiveness [3] - Li Weiping brings 26 years of experience in the retail industry, having held significant positions at Hema, including CEO and Chief Merchandising Officer [3] Group 2: Company Overview - Gao Xin Retail operates three main brands: RT-Mart, RT-Mart Super, and M Membership Stores, with over 500 stores nationwide [3] - The online platform RT-Mart Youxian has reached 100 million users, indicating strong digital engagement [3]

Core Viewpoint - Gao Xin Retail announced the appointment of Li Weiping as the new Executive Director and CEO, effective December 1, 2025, following the resignation of Shen Hui due to family matters [1] Group 1: Leadership Change - Li Weiping has over 20 years of experience in the retail industry and joined Hema in 2018, holding various leadership roles including General Manager of Hema North China and CEO of Hema Fresh [1] - Shen Hui's resignation marks a significant leadership transition for Gao Xin Retail, indicating a shift in strategic direction [1] Group 2: Strategic Focus Areas - Li Weiping plans to enhance product quality to meet new customer standards and expectations [1] - The company aims to deepen strategic collaboration with suppliers, focusing on direct sourcing and optimizing efficiency to deliver quality, differentiation, and cost-effectiveness [1] - Organizationally, the company intends to foster an entrepreneurial spirit and agile decision-making, encouraging iterative learning and a competitive incentive system [1] - The company will enhance consumer experience through cultural engagement, accelerating store upgrades and multi-format collaboration, while promoting deep integration of online and offline channels [1]

Core Viewpoint - Gao Xin Retail announced the appointment of Li Weiping as Executive Director and CEO, effective December 1, 2025, following the resignation of Shen Hui due to family reasons. The board recognized Shen's contributions to the company's strategic implementation and business upgrades [1] Group 1: Leadership Changes - Li Weiping has 26 years of experience in the retail industry and previously held significant positions at Hema, where she led the team to profitability and managed national operations [1][2] - Shen Hui's tenure focused on returning to the essence of retail, enhancing brand competitiveness, and exploring the "China Supermarket Model" for expansion and growth [1] Group 2: Strategic Vision - Li Weiping's strategy for Gao Xin Retail will focus on three dimensions: - Product: Enhancing product quality to meet new customer standards, optimizing efficiency through strategic supplier collaboration, and achieving a threefold advantage in quality, differentiation, and cost-effectiveness [2] - Organization: Reviving the entrepreneurial spirit and execution capabilities, establishing agile decision-making processes, and creating a clear career development path [2] - Business Model: Empowering consumer experience through cultural care, accelerating store upgrades, and promoting deep integration of online and offline channels to expand user base and brand influence [2] Group 3: Current Operations - Gao Xin Retail operates three main brands: RT-Mart, RT-Mart Super, and M Membership Stores, with over 500 stores across 205 cities in 29 provinces and regions [2] - The online platform, including RT-Mart Fresh, has reached 100 million users [2]

Core Viewpoint - Gao Xin Retail announced the appointment of Li Weiping as the new CEO, succeeding Shen Hui, who resigned for personal reasons, effective December 1, 2025 [1][3] Group 1: Leadership Transition - Shen Hui is recognized for his contributions to the company's strategic implementation and business upgrades, focusing on "returning to the essence of retail" and enhancing brand competitiveness [3] - Li Weiping has 26 years of experience in the retail industry and previously held key positions at Hema, including CEO and Chief Merchandising Officer, leading the team to profitability [3][4] Group 2: Future Strategy - Li Weiping outlines a three-dimensional blueprint for the company: enhancing product quality to meet new customer standards, optimizing supplier collaboration for efficiency, and maintaining a competitive edge through quality and differentiation [4] - The organization aims to revive the entrepreneurial spirit and agility, encouraging iterative learning and providing clear career development paths to motivate employees [4] - The company plans to enhance consumer experience through cultural engagement, accelerate store upgrades, and deepen online-offline integration to expand user base and brand influence [4] Group 3: Current Operations - Gao Xin Retail operates three main brands: RT-Mart, RT-Mart Super, and M Membership Store, with over 500 stores across 205 cities in 29 provinces and regions [4] - The online platform, including RT-Mart Fresh, has reached 100 million users [4]

Group 1 - Gao Xin Retail announced the appointment of Li Weiping as the new Executive Director and CEO, effective December 1, 2025, following the resignation of Shen Hui due to family reasons [1] - Li Weiping, aged 47, has over 20 years of management experience in the retail industry and previously held significant positions at Hema, including CEO and Chief Merchandising Officer [1] - Li Weiping will have a three-year service agreement with a fixed annual salary of 3.36 million RMB, while not receiving any director's fees [1] Group 2 - During Shen Hui's tenure, Gao Xin Retail focused on "returning to the essence of retail," enhancing brand price competitiveness and product strength, and exploring the implementation of the "Central Supermarket Model" [1] - Since Dehong Capital took over in February, Gao Xin Retail has undergone significant changes [1] - The retail industry is experiencing a leadership shift, with an increasing number of female executives, including Li Weiping and Chen Jia from Aoleqi China [2]

Core Viewpoint - Gao Xin Retail announced the appointment of Li Weiping as the new Executive Director and CEO, effective December 1, following the resignation of Shen Hui due to family reasons. This leadership change is seen as a strategic move for the company's ongoing reform efforts [1]. Group 1: Leadership Transition - Shen Hui's contributions to the company's strategic implementation and business upgrades were acknowledged, particularly his focus on "returning to the essence of retail" and enhancing brand competitiveness [1]. - Li Weiping's appointment is viewed as a significant step in Gao Xin Retail's strategic layout, as the company is at a critical juncture in its reform process [1]. - Li Weiping has 26 years of experience in the retail industry and previously held key positions at Hema, where she successfully led the team to profitability and national operations [1]. Group 2: Strategic Vision - Li Weiping plans to develop Gao Xin Retail's blueprint from three dimensions: enhancing product quality to meet new customer standards, creating an agile decision-making mechanism, and accelerating store upgrades and multi-format collaboration [2]. - The company currently operates three main brands: RT-Mart, RT-Mart Super, and M Membership stores, with over 500 stores across 205 cities in 29 provinces and regions [2]. - Online platforms like RT-Mart Fresh have reached a user base of 100 million, indicating significant growth in brand influence and customer reach [2].

Core Viewpoint - Gao Xin Retail announced a leadership change with Li Weiping appointed as the new Executive Director and CEO, effective December 1, 2025, following Shen Hui's resignation due to family reasons [1] Group 1: Leadership Change - Li Weiping has 26 years of experience in the retail industry and joined Hema in 2018, where she held significant positions including General Manager of North China and CEO of Hema Fresh [1] - The board anticipates that Li Weiping's innovative management style will align with Gao Xin Retail's strategic planning and inject new growth momentum into the company [1] Group 2: Background of New CEO - Li Weiping successfully led the Hema team from regional losses to national operations, showcasing her capability in driving profitability and growth [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 SUN ART RETAIL GROUP LIMITED （於香港註冊成立之有限公司） （股份代號：06808） 董事名單與其角色和職能 自二零二五年十二月一日起生效，高鑫零售有限公司的董事會（「董事會」）成員載 列如下： 執行董事 李衛平 （首席執行官） 非執行董事 華裕能 （主席） 王冠男 梅夢雪 獨立非執行董事 張挹芬 陳尚偉 葉禮德 高鑫零售有限公司 董事會設立了3個委員會，分別為審核委員會、提名委員會、薪酬委員會。下表 提供各董事會成員在這些委員會中所擔任的職位。 1 | | 委員會 | 審核委員會 | 提名委員會 | 薪酬委員會 | | --- | --- | --- | --- | --- | | 董事 | | | | | | 華裕能 | | – | – | M | | 李衛平 | | – | – | – | | 王冠男 | | – | M | – | | 梅夢雪 | | M | – | ...

Core Points - Gao Xin Retail (06808) announced that Mr. Shen Hui will resign as Executive Director, CEO, and Authorized Representative effective December 1, 2025 [1] - Ms. Li Weiping has been appointed as Executive Director, CEO, and Authorized Representative of the company [1] Company Changes - Mr. Shen Hui's resignation marks a significant leadership change within Gao Xin Retail [1] - The appointment of Ms. Li Weiping indicates a transition in the company's executive management [1]