Photo: NZX / Supplied QEX said the move was in the best interests of its shareholders because negative publicity surrounding the business in recent months had made it difficult to find independent directors after they all resigned in February, citing issues with chief executive Ronnie Xue. Shareholders' Association chief executive Oliver Mander said it was in the best interest of shareholders for the company to remain, as it would still be required to comply with the NZX's transparency and accountability rules. "We do not believe that there will be an enhanced opportunity for accountability if the company were to delist," he said, adding the lack of transparency could increase the risk of further losses to shareholders.