Group 1 - Gao Xin Retail (06808) shares rose over 3%, currently up 3.57% at HKD 1.74, with a trading volume of HKD 5.3693 million [1] - Recently, Gao Xin Retail announced that Li Weiping will serve as the Executive Director and CEO, while Shen Hui resigned from these positions due to family reasons, effective December 1, 2025 [1] - Li Weiping has 26 years of experience in the retail industry, having joined Hema in 2018 and held key positions such as General Manager of North China Beijing Region, CEO of Hema Fresh, and Chief Merchandising Officer [1] Group 2 - UBS expressed optimism regarding Gao Xin Retail's transformation plan but remains cautious about the short-term outlook due to intense competition in delivery platforms and the need for offline food retail upgrades [1] - UBS noted that management aims to reduce SKU numbers, shrink store sizes, and accelerate new product launches, which could enhance the product strength of RT-Mart [1] - The management's goal is to increase the sales proportion of private label products from the current 3% to 10% within three years, and eventually reach 20% in the long term [1]

Group 1 - Gao Xin Retail (06808) saw a stock increase of over 3%, specifically 3.57%, reaching HKD 1.74 with a trading volume of HKD 5.3693 million [1] - The company announced that Li Weiping will take over as Executive Director and CEO, effective December 1, 2025, following the resignation of Shen Hui due to family reasons [1] - Li Weiping has 26 years of experience in the retail industry and has held significant positions at Hema, including CEO and Chief Merchandising Officer [1] Group 2 - UBS expressed optimism regarding Gao Xin Retail's transformation plan but remains cautious about the short-term outlook due to intense competition in delivery platforms and the need for offline food retail upgrades [1] - The management aims to reduce SKU numbers, decrease store sizes, and accelerate new product launches, which could enhance the product strength of RT-Mart [1] - The goal is to increase the sales proportion of private label products from the current 3% to 10% within three years, and eventually to 20% in the long term [1]

Group 1 - Gao Xin Retail (06808) saw a stock increase of over 3%, currently up 3.57% at HKD 1.74, with a trading volume of HKD 5.3693 million [1] - Recently, Gao Xin Retail announced that Li Weiping will take over as Executive Director and CEO, effective December 1, 2025, following Shen Hui's resignation due to family reasons [1] - Li Weiping has 26 years of experience in the retail industry and has held significant positions at Hema, including CEO and Chief Merchandising Officer [1] Group 2 - UBS expressed an optimistic view on Gao Xin Retail's transformation plan but remains cautious about the short-term outlook due to intense competition in delivery platforms and the need for offline food retail upgrades [1] - The management aims to reduce SKU numbers, decrease store sizes, and accelerate new product launches to enhance the product strength of RT-Mart [1] - The goal is to increase the sales proportion of private label products from the current 3% to 10% within three years, and eventually reach 20% in the long term [1]