RT-Mart's parent company, GSH Retail: Currently unable to reach CEO Li Weiping

On the morning of February 4th, the parent company of RT-Mart, Giga Retail Co., Ltd. (Giga Retail, 6808.HK), issued a notice on the Hong Kong Stock Exchange stating that the company’s board of directors has learned that the company is temporarily unable to contact Executive Director and CEO Li Weiping.

The announcement states that as of the date of this notice, to the best of the directors’ knowledge, information, and belief, this matter is unrelated to the group’s business and operations. In view of this, the board believes that this matter has no significant adverse impact on the group, and the group’s business and operations remain normal. During this period, the daily business operations and management of the group will be temporarily handled by the company’s Chairman, Hua Yunen.

Recently, there have been reports that Giga Retail’s CEO Li Weiping was taken away by the police for assistance in an investigation and has not appeared at the company since last Friday. On February 3rd, some media reported that Giga Retail responded, “Fake, we have filed a report,” and stated that Li Weiping is currently at work.

On the evening of November 30, 2025, Giga Retail issued a notice on the Hong Kong Stock Exchange that Li Weiping serves as an Executive Director and CEO of Giga Retail, and Shen Hui resigned from his positions as Executive Director and CEO due to family matters, with all personnel changes officially effective from December 1, 2025. Shen Hui served as Executive Director and CEO of Giga Retail for less than two years.

Li Weiping, 47 years old, has been deeply involved in the retail industry for 26 years. She joined Hema in 2018, serving as General Manager of the North China Beijing Region, CEO of Hema Fresh, and Chief Merchandising Officer of Hema, leading the team from regional profitability to nationwide operations. Before leaving, she worked in the President’s Office of Hema. From June 2007 to August 2018, Li Weiping worked at Lotte Supermarket Co., Ltd., where she served as its legal representative and General Manager of North China. From July 1999 to June 2007, she worked at China Resources Supermarket Co., Ltd., holding positions as Purchasing Manager and Senior Manager. Li Weiping obtained a Bachelor’s degree in Mechanical Engineering and Automation from Beijing Mechanical Industry College in June 1999.

On the evening of November 11, 2025, Giga Retail announced its interim results for the six months ending September 30, 2025. During the reporting period, Giga Retail’s revenue was 30.502 billion yuan, a decrease of 12.1% year-on-year; net loss attributable to shareholders was 123 million yuan, compared to a profit of 206 million yuan in the same period last year; basic loss per share was 0.01 yuan.

As of September 30, 2025, Giga Retail operated a total of 462 hypermarkets, 32 medium-sized supermarkets, and seven M-member stores, with approximately 65% leased stores and 35% owned property stores.

(Source: The Paper)