CNFC Overseas Fisheries warns of abnormal stock moves amid leadership change

CNFC Overseas Fisheries issued two announcements regarding abnormal stock price fluctuations. The first, dated November 24, 2025, noted that its shares had cumulatively deviated by over 100% in seven consecutive trading days, classifying this as a severe abnormal fluctuation. The company highlighted its high trailing price-to-earnings ratio of 85.29 times and price-to-book ratio of 14.83 times, which significantly differed from industry averages, urging investors to exercise caution. A subsequent announcement on November 26, 2025, reported an additional abnormal fluctuation, with the stock’s cumulative deviation in closing price falling by over 20% in two consecutive trading days.

The company clarified that its operational activities remain normal, with no undisclosed material information, and neither the company, its controlling shareholder, nor the actual controller were involved in any share trading during these periods. Simultaneously, CNFC Overseas Fisheries announced leadership changes. On November 25, 2025, the company’s Ninth Board of Directors elected Ye Shaohua as the new chairman of the board and the convener of the Strategy and ESG Committee, effective immediately. Ye Shaohua, born in September 1970, has a master's degree and has served as a director and general manager of CNFC Overseas Fisheries since November 2018.

These announcements collectively indicate a period of heightened market activity and significant price volatility for CNFC Overseas Fisheries shares, coinciding with a key governance change. The company consistently reminded investors to consult official disclosures and urged rational investment decisions, cautioning against speculative trading.