Sun Art Retail Faces Uncertainty as CEO Goes Missing

Sun Art Retail Group, a major player in the Hong Kong retail sector, has reported losing contact with its CEO, Li Weiping, according to a statement on Wednesday.

The company, which is listed on the Hong Kong stock exchange, emphasized in its filing that it believes the situation was not connected to the company, stating there is no material adverse impact currently.

Despite the unexpected development, Sun Art Retail assured that its operations remain normal and continues to function smoothly amidst the uncertainty.