Core Viewpoint - The resignation of Wang Dong, the chairman of Small Commodity City, follows a series of executive departures, raising concerns about leadership stability within the company [2][6]. Group 1: Resignation Details - Wang Dong submitted his resignation on June 27, 2025, citing organizational work arrangements as the reason for his departure [2][6]. - His original term was set to expire on November 7, 2025, indicating he left more than four months early [6]. - Following his resignation, Wang Dong will not hold any position within the company [2][6]. Group 2: Recent Executive Departures - Prior to Wang Dong's resignation, three other executives, including a board member and two vice presidents, resigned on May 1, 2025, also due to organizational changes [6]. - Zhao Wenge, the chairman, resigned in May 2024 for similar reasons, indicating a trend of leadership turnover within the company [6]. Group 3: Company Performance - In 2024, Small Commodity City reported a revenue of 15.737 billion yuan, a year-on-year increase of 39.27%, and a net profit attributable to shareholders of 3.074 billion yuan, up 14.85% [7]. - For the first quarter of 2025, the company achieved a revenue of 3.161 billion yuan, reflecting a year-on-year growth of 17.93%, with a net profit of 803 million yuan, an increase of 12.66% [7]. Group 4: Company Strategy - Small Commodity City aims to build a shared trade service platform for global small and micro enterprises, focusing on enhancing physical market quality, upgrading trade services, constructing a digital ecosystem, and global expansion [6].

Core Viewpoint - The recent resignation of the chairman of Xiaogoods City, Wang Dong, follows the earlier resignations of three directors and executives, leading to a significant drop in the company's stock price [2][4]. Group 1: Resignation Details - On June 27, Xiaogoods City announced that the board received Wang Dong's resignation due to organizational work arrangements, and he will no longer hold any position in the company [4]. - Wang Dong's term was originally set to expire on November 7, 2025, indicating he left more than four months early [5]. - Prior to Wang Dong's resignation, three other executives, including director Li Chengqun and vice presidents Huang Haiyang and Li Xiaobao, also resigned for similar reasons [5]. Group 2: Company Performance - In 2024, Xiaogoods City reported a revenue of 15.737 billion yuan, representing a year-on-year growth of 39.27%, and a net profit attributable to shareholders of 3.074 billion yuan, up 14.85% [6]. - For the first quarter of 2025, the company achieved a revenue of 3.161 billion yuan, reflecting a year-on-year increase of 17.93%, and a net profit of 803 million yuan, which is a 12.66% growth compared to the previous year [6]. Group 3: Company Strategy - Xiaogoods City aims to build a shared trade service platform for global small and micro enterprises, focusing on four core strategies: improving physical markets, upgrading trade services, constructing a digital ecosystem, and global expansion [6].