Core Viewpoint - Gao Xin Retail (06808) experienced a decline of over 4%, trading at HKD 1.89 with a transaction volume of HKD 17.07 million, amid news regarding the investigation of its operations director, Guan Mingwu [1] Group 1: Company Operations - The company confirmed that Guan Mingwu is under investigation, emphasizing its commitment to legal and compliant operations with zero tolerance for violations [1] - Following Alibaba's announcement in January 2025 to sell its approximately 78.7% stake in Gao Xin Retail to Dehong Capital, significant management changes were implemented, including the departure of Alibaba personnel and the resignation of founder Huang Mingduan as chairman [1] - Dehong Capital has restructured the company by consolidating five operational regions into four: East China, South China, North China, and Northeast China [1] Group 2: Financial Performance - The company has closed underperforming stores and optimized its workforce, resulting in a reduction of sales and marketing expenses by HKD 2.946 billion to HKD 15.232 billion year-on-year for the fiscal year 2025 [1] - Administrative expenses decreased by 24.1% to HKD 1.709 billion [1] - The company is also advancing product strategy adjustments as part of its reform initiatives [1]

Core Viewpoint - The recent investigation of a senior executive at RT-Mart highlights ongoing challenges within the retail sector, particularly regarding governance and operational efficiency, as the company shifts its strategy towards community lifestyle centers [2][3][4]. Company Developments - RT-Mart's Chief Operating Officer, Guan Mingwu, was taken by police for investigation related to alleged job-related crimes, prompting the company to emphasize its internal compliance mechanisms [2][3]. - Following Alibaba's exit from RT-Mart in February 2023, the company has undergone significant leadership changes, with Dehong Capital becoming the controlling shareholder [3][4]. - The company reported a net loss of 1.605 billion yuan for the fiscal year ending March 31, 2024, but turned a profit of 405 million yuan in the following fiscal year, largely due to cost-cutting measures [4][5]. Industry Context - The traditional retail sector is facing significant challenges, with many companies, including RT-Mart, reducing store numbers as part of their strategy to adapt to changing market conditions [5][6]. - The shift towards community lifestyle centers is seen as a necessary evolution for large-format stores like RT-Mart, although successful implementation remains uncertain due to a lack of proven models [5][6]. - Competitors such as Walmart are also exploring community store formats, indicating a broader industry trend towards smaller, more integrated retail spaces [6].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年8月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 高鑫零售有限公司 | | | 呈交日期: | 2025年9月4日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 第 1 頁 共 10 頁 v 1.1.1 | | | FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06808 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 9,540,504,700 | | 0 | | 9,540,504,700 | | 增加 / 減少 (-) | | | ...

+ CCS2762 SARH + THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION 此乃要件 請即處理 If you are in any doubt as to any aspect of this document or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. SUN ART RETAIL GROUP LIMITED 高鑫零售有限公司 (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司) (Stock Code 股份代號：06808) DIVIDEND CURRENCY ELECTION FORM FOR THE FIN ...

Group 1 - The core point of the article highlights that Gao Xin Retail (06808) has seen significant changes in its stock holdings and operational structure following its separation from Alibaba [1] - On August 20, Gao Xin Retail's shareholders deposited stocks into Citibank, with a market value of HKD 6.937 billion, accounting for 31.48% of the total [1] - Gao Xin Retail released its first annual report since separating from Alibaba on May 20, reporting a revenue of CNY 71.552 billion for the fiscal year 2025, a slight decrease of 1.4% year-on-year, and a net profit of CNY 386 million, recovering from a loss of CNY 1.668 billion in the previous year [1] Group 2 - On May 28, it was reported that the operational structure of RT-Mart was reorganized from five operational regions to four, namely East China, South China, North China, and Northeast China, aimed at improving organizational efficiency [1]

Group 1 - The core point of the article highlights that Gao Xin Retail (06808) has seen significant changes in its stock holdings and operational structure following its separation from Alibaba [1] - On August 20, shareholders of Gao Xin Retail deposited stocks into Citibank, with a market value of HKD 6.937 billion, accounting for 31.48% of the total [1] - Gao Xin Retail reported its first annual report since separating from Alibaba on May 20, showing a revenue of CNY 71.552 billion for the fiscal year 2025, a slight decrease of 1.4% year-on-year, and a net profit of CNY 386 million, recovering from a loss of CNY 1.668 billion in the previous year [1] Group 2 - On May 28, it was announced that the operational zones of RT-Mart would be reduced from five to four, reorganizing into East China, South China, North China, and Northeast China, aimed at improving organizational efficiency [1]

本文源自：金融界AI电报 高鑫零售(06808.HK)公布，将于2025年9月24日派发末期股息每股0.17港元。 ...

高鑫零售(06808)公布，将于2025年9月24日派发末期股息每股0.17港元。 ...

此中文版為翻譯版，僅供參考。如有不明確之處，以英文版為準。 提名委員會由董事會設立，致力於協助董事會根據董事會多元化政策（董事會多元化政策」） 審閱董事會架構，規模及組成，根據香港聯交所上市規則 （上市規則」）及董事會提名政策 「董事會提名政策」）物色具適當資格的董事會成員人選，及評估獨立非執行董事的獨立性。 （股份代號：06808） 組成人員 提名委員會職權範圍 組織 高鑫零售有限公司（「本公司」）董事會（「董事會」）下設提名委員會（「提名委員會」）。提 名委員會之權限、責任及職務如下所述。 高鑫零售有限公司 目的 (於香港註冊成立之有限公司) 法定人數 提名委員會的法定人數為至少兩位委員，其中一位應為獨立非執行董事。 秘書 除其它特定約定外，提名委員會秘書應由公司秘書擔任。此安排有助於促進董事會與提名委員會 之間的溝通，並確保提名委員會成員能獲取履行職務所需的信息。 1 1. 提名委員會會員應在董事會董事中選取，並由董事會任命。 2. 提名委員會委員應由至少三名成員組成，大部分成員必須為獨立非執行董事及至少一名不同 性別的董事。 3. 委員會主席應由董事會任命並由董事會主席或一名獨立非執行董事擔任。 4. ...

Group 1 - The company, Gao Xin Retail (06808), announced a final dividend of HKD 0.17 per share to be distributed on September 24, 2025 [1]