Central China New Life (9983.HK) declined 2.82% in Hong Kong trading to HK$0.345. The stock at one point slid more than 3% within five minutes, retreating from an intraday high of HK$0.360.

According to a filing, the board will meet on August 25 to review the company's unaudited interim results for the six months ended June 30 and consider declaring an interim dividend. The stock had rallied nearly 11% to HK$0.355 on August 12.