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Annual retail sales for 2019 are estimated to decline by 11.2 percent to HK1 billion, after local consumer market suffering badly from the second half of 2019 with October recording a 24.3 percent decrease in sales – the largest monthly decline on record.

Another key part of the group's reform is to optimize its resources and restructure its departments to ensure greater efficiency. It has already closed 56 departments and lowered the headcount at its headquarters by 32 percent since the SOE reform started.

Anta Group, the world's third-largest sportswear company by revenue, saw revenue increase 40 percent to 14.8 billion yuan (.07 billion) and profits increase 58 percent to 4.2 billion yuan in the first six months, according to its half-year financial report, which was released in late August.

Another shareholder proposal pushed to change that practice, seeking to require the company to no longer count abstentions as votes against shareholder proposals. Shareholders rejected that proposal as well, with 8 percent voting in favor, according to the company.

Another parent whose child received a DTaP vaccine in April found the expiration date was March 6, the post said.