Nanning Department Store's stock price hit the limit down; the company responded exclusively: the dismissed senior executive is still in the detention period.

On September 14, Nanning Department Store's stock price hit the limit down. Wind data shows that as of the close on September 14, the company's stock price was 6.03 yuan per share, with a closing decline of 10%. On the news front, the company disclosed an announcement on the evening of September 11 regarding the dismissal of a senior management personnel. The announcement shows that the company held the fifth interim meeting of the ninth board of directors in 2026 on September 11, at which the "Proposal on Dismissing Senior Management Personnel of the Company" was reviewed and approved. In accordance with the relevant provisions of the "Self-Regulatory Guidelines for Listed Companies of the Shanghai Stock Exchange No. 1 - Standardized Operation" and the "Articles of Association," and upon the proposal of the nomination committee of the company's ninth board of directors, the company's board of directors agreed to dismiss Li Fayi from the position of deputy general manager. After dismissal, he will no longer hold any position in the company, and the dismissal took effect from the date of approval by the board of directors. In response, Nanning Department Store exclusively told the China Securities Journal reporter that the dismissed executive Li Fayi previously served as the company's chief financial officer and is currently still under detention. Thereafter, if verification shows that the reason for the detention is related to the listed company and meets the information disclosure standards, it will need to be disclosed. At present, the company has no further content that needs to be disclosed regarding the reason for his detention and whether it is related to the listed company.