RONG FENG HOLDING(SZ:000668) Chang Jiang Shang Bao·2025-10-27 08:45Core Points - *ST Rongkong disclosed that independent director Liu Changkun is mysteriously "missing" and cannot be contacted, raising concerns about corporate governance [1] - Despite Liu's absence, the company successfully held its 14th board meeting and approved the Q3 2025 report with unanimous votes [2] - For the first three quarters of 2025, *ST Rongkong reported revenue of 185 million yuan, a year-on-year increase of 377.55%, but incurred a net loss of 27.4 million yuan, which is an improvement from the previous year's loss [3] Company Governance - Liu Changkun, an independent director, plays a crucial role in supervising management and preventing conflicts of interest, but his absence is not expected to significantly impact the company's management [2] - The company has six active board members, ensuring that the board remains above the legal minimum and can continue operations effectively [1] Financial Performance - *ST Rongkong's main business includes real estate development and cross-border logistics [3] - The company has been placed under delisting risk warning and is taking measures to improve performance to avoid delisting [3]