China Jo-Jo Drugstores Announces Changes to Board of Directors

Rhea-AI Summary

China Jo-Jo Drugstores (Nasdaq: CJJD), a major retailer, wholesaler, and healthcare provider in China, announced a change in its board of directors on May 31, 2024. Effective immediately, Ms. Pingfan Wu resigned from her position on the board due to personal reasons. The company clarified that her resignation was not due to any disagreements related to business operations, financial reporting, or company policies.

Positive

• Clarified that Ms. Wu's resignation was not due to any disagreement with the company's business operations, financial reporting, or policies.

Negative

• Resignation of a board member, which may cause temporary uncertainty or concern among investors.

News Market Reaction – CJJD

-8.55%

-8.55% Session move

In the trading session that priced this news, CJJD declined 8.55%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HANGZHOU, China, May 31, 2024 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (Nasdaq: CJJD) ("Jo-Jo Drugstores" or the "Company"), a leading online and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and healthcare provider in China, today announced that Ms. Pingfan Wu has resigned from her position as a member of the board of directors (the "Board") due to personal reasons, effective on May 31, 2024. The resignation of Ms. Wu did not result from any disagreement with the Company on any matter relating to the Company's business operations, financial reporting or controls, policies or practices. 

About China Jo-Jo Drugstores, Inc.

China Jo-Jo Drugstores, Inc. ("Jo-Jo Drugstores" or the "Company"), is a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products and a provider of healthcare services in China. Jo-Jo Drugstores currently operates an online pharmacy and retail drugstores with licensed doctors on site for consultation, examination and treatment of common ailments at scheduled hours. It is also a wholesale distributor of products similar to those carried in its pharmacies. For more information about the Company, please visit http://jiuzhou360.com. The Company routinely posts important information on its website.

For more information, please contact:

Company Contact: 

Frank Zhao
Chief Financial Officer
+86-571-88077108
frank.zhao@jojodrugstores.com

Investor Relations Contact:

Tina Xiao
Ascent Investor Relations LLC
+1- 646-932-7242
investors@ascent-ir.com

View original content:https://www.prnewswire.com/news-releases/china-jo-jo-drugstores-announces-changes-to-board-of-directors-302160405.html

SOURCE China Jo-Jo Drugstores, Inc.

FAQ

Why did Ms. Pingfan Wu resign from China Jo-Jo Drugstores' board of directors?

Ms. Pingfan Wu resigned due to personal reasons effective May 31, 2024.

Did Ms. Pingfan Wu resign due to any disagreements with China Jo-Jo Drugstores?

No, her resignation was not due to any disagreements related to the company's business operations, financial reporting, or policies.

When did Ms. Pingfan Wu's resignation from China Jo-Jo Drugstores take effect?

Ms. Pingfan Wu's resignation took effect on May 31, 2024.