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CHINA VANKE Parent SZMC Chair Succeeds as Chair of CHINA VANKE; Yu Liang Re-designated as VP
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CHINA VANKE (02202.HK) announced that due to the significant forecasted loss for 2024, the Group is experiencing temporary liquidity difficulties. To effectively mitigate risks and earnestly safeguard the interests of house buyers, creditors, and investors, the Board has resolved to strengthen the Group’s management capabilities, leverage the resource advantages of Shenzhen Metro Group Co., Ltd. (SZMC) as the substantial shareholder and other parties, further concentrate on core businesses, accelerate the transformation of financing models, and to better promote the steady operation and sustainable development of the Group. The Board of the Company received the resignation letter in writing from certain directors, the president and chief executive officer, the secretary to the Board, company secretary and authorized representative of the Company. Yu Liang has applied to resign from the position as the chairman of the Board due to work adjustment reasons. Yu will remain as a director of the Company. Zhu Jiusheng has applied to resign from the positions as a Director, the president and chief executive officer due to health reasons. Also, Zhu Xu has applied to resign from the positions as the secretary to the Board, the company secretary of the Company and an Authorized Representative of the Company due to work adjustment reasons. The Board announced that Xin Jie, chairman of the board of directors of SZMC, has been elected as the chairman of the Board. Xin had waived Directors’ emoluments from the Group. Yu Liang, Li Feng, Hua Cui and Li Gang currently is an executive vice president of the Company, among which Yu receives remuneration according to his work performance in the Company. AAStocks Financial News |
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