---
title: "Executives with million-dollar annual salaries leave one after another, and the number of shareholders in Mango has decreased by nearly 30%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/260631435.md"
description: "Mango's executives have frequently resigned recently, with Vice President Luo Zejun resigning due to a job transfer. The stock price has fallen more than 11% for two consecutive days, resulting in a market value evaporation of approximately 7.67 billion yuan. The number of company shareholders has also significantly decreased, dropping to 37,900 households as of September 30, a reduction of 28.92%"
datetime: "2025-10-10T12:17:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260631435.md)
  - [en](https://longbridge.com/en/news/260631435.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260631435.md)
---

# Executives with million-dollar annual salaries leave one after another, and the number of shareholders in Mango has decreased by nearly 30%

On October 10th, Mango's stock price fell by 5.12%, closing at 31.66 yuan per share. On October 9th, Mango's stock price dropped by 6.68%, with a cumulative decline of over 11% in two days, resulting in a total market value evaporation of approximately 7.67 billion yuan. A reporter, posing as an investor, called Mango, and the staff stated that there was "no undisclosed information" regarding the stock price fluctuations, and they had "no more relevant information" to provide regarding the departure of the company's vice president, and were unclear about subsequent job transfer arrangements. In terms of news, on October 9th, Mango announced that its vice president, Luo Zejun, resigned "due to job transfer arrangements" and would no longer hold any position in the company. As of the date of this announcement, Mr. Luo did not hold any shares in the company and there were no unfulfilled commitments. This is not the first time Mango has experienced a senior management change recently; as early as August 13th, the company announced that another vice president, Shen Yadong, resigned "for personal reasons," and Mr. Shen would no longer hold any position in the company. Regarding the number of shareholders, Mango disclosed on October 9th in the Shenzhen Stock Exchange's interactive platform that as of September 30, 2025, the number of shareholders was 37,900, a decrease of 15,400 from the previous period, representing a reduction of 28.92%

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