Grand City Watch, Jewelry (00256.HK): Termination of director's duties.

The Zhongtong Finance and Economics App reports that Crown City Watch and Jewelry (00256.HK) has released an announcement. After considering the notice issued by the China Securities Regulatory Commission to Ms. Xue and seeking legal advice, the board has expressed doubts about whether Ms. Xue is suitable to continue to serve as a director in accordance with Articles 3.08 and 3.09 of the listing rules.