HK Stock Market Move | GAODI HOLDINGS (01676) plunges over 76% in early trading. The company will release its annual performance at the end of this month.

GAODI HOLDINGS (01676) plunged in the morning session, with the stock price falling by more than 76% at one point. As of press time, it had dropped by 63.1% to HK$0.62, with a turnover of HK$7.63 million. On the news front, GAODI HOLDINGS announced that its board of directors will hold a meeting on September 30 to approve the annual results. The interim results released in February showed that the group's income increased to approximately 196 million yuan during the reporting period, a year-on-year growth of 60.93%, driven by the recovery of the group's food business. China Rising Sea Group announced in March this year that its stock abbreviation has been changed to "GAODI HOLDINGS". China Rising Sea Group is a company mainly engaged in the sale of dried seafood, algae, fungi, seafood snacks, and frozen seafood products, with products sold in major chain supermarkets and convenience stores in 9 provinces and 3 municipalities in China. It is worth noting that, according to the Ministry of Foreign Affairs, China and Japan have reached a consensus on issues related to Japan's aquatic product exports to China.