Zheng Quan Shi Bao·2025-08-10 13:16Core Viewpoint - *ST Sailong has experienced a complete resignation of its board members, indicating a significant change in corporate governance and potential implications for the company's future direction [1][3][4]. Board Resignation - All nine members of the fourth board of directors of *ST Sailong have submitted their resignation reports, including key figures such as Chairman Cai Nanguai and other executives [3][4]. - Cai Nanguai will continue to hold other positions within the company despite resigning as Chairman and CEO, and he holds 67.51 million shares, representing 47.23% of the company’s controlling shareholder [3][4]. - The resignations will lead to a board composition below the minimum required by the company's articles of association, necessitating the continuation of their roles until new directors are elected [4]. New Board Candidates - The board has proposed new candidates for the fourth board of directors, including non-independent and independent directors, to be elected at the upcoming shareholders' meeting [4][5]. Management Changes - The board has approved the appointment of Chen Ke as the new CEO, effective immediately following the board meeting [5]. - Chen Ke has a background in accounting and has held various positions in investment and asset management [6]. Financial Performance - *ST Sailong has projected a net loss of between 13 million and 18 million yuan for the first half of the year, a significant decline from a profit of 1.76 million yuan in the same period last year [7]. - The expected loss translates to a basic earnings per share loss of between 0.0739 yuan and 0.1023 yuan, compared to a profit of 0.0100 yuan per share in the previous year [7]. Stock Market Activity - On August 8, *ST Sailong's stock price reached a limit-up, closing at 16.81 yuan per share, with a total market capitalization of 2.959 billion yuan [7][8].