Ningbo Marine announces director resignations, stock volatility

Ningbo Marine (SSE:600798) announced the resignations of three directors: Deputy Chairman Jiang Hailiang, Director Yu Jiannan, and Director Huang Minhui, effective immediately. These resignations stem from work changes and do not reduce the board below the statutory minimum. The company will promptly appoint replacements. Simultaneously, the company's stock experienced abnormal volatility, with a cumulative closing price increase of over 20% in three trading days. A company self-inquiry and request to the controlling shareholder and its persons acting in concert. There are no major information that should be disclosed that has not been disclosed. Ningbo Marine had previously issued a profit warning, projecting net profits attributable to shareholders between CNY 1,760,000 and CNY 2,640,000, and net losses from CNY -1,040,000 to CNY -1,560,000, due to difficult market conditions. Investors are advised to exercise caution amidst these changes.