Core Viewpoint - The announcement details the resignation of He Jianbo from multiple positions within the company due to personnel rotation and succession planning by China Minmetals Corporation, effective November 13, 2025 [1] Group 1 - He Jianbo resigns as executive director, chairman of the board, and various committee roles [1] - Dai Pengyu has been appointed as acting chairman and will assume several committee roles until a new chairman is officially appointed [1]

Core Viewpoint - The article discusses the recent leadership changes at China Minmetals Property (五矿地产) following its announcement of privatization and delisting plans, highlighting the company's financial struggles and potential future restructuring with another subsidiary [2][5][6]. Group 1: Leadership Changes - On November 13, China Minmetals Property announced the resignation of He Jianbo as executive director and chairman due to personnel rotation within China Minmetals Group [2]. - Dai Pengyu, the current executive director and managing director, has been appointed as the acting chairman until a new chairman is officially appointed [3]. - He Jianbo has been with China Minmetals Group since 1992 and served as chairman since 2019, during which the company experienced significant sales growth before facing a downturn [3][4]. Group 2: Financial Performance - In 2024, China Minmetals Property reported a revenue of HKD 9.883 billion, a year-on-year decrease of 21.8%, with a net loss of HKD 3.748 billion [4]. - The company's sales peaked at HKD 26 billion in 2021 but have since declined to HKD 7.02 billion in 2024 [4]. - In the first half of the current year, the company generated HKD 1.976 billion in revenue, with a net loss of HKD 580 million [4]. Group 3: Privatization Plans - On October 23, China Minmetals Property announced plans for privatization and to apply for delisting from the Hong Kong Stock Exchange, with a proposed share cancellation price of HKD 1 per share [5]. - If the privatization is successful, there may be a potential restructuring with another property brand under China Minmetals, "China Metallurgical Group" [6]. Group 4: Industry Insights - He Jianbo has previously emphasized the need for real estate companies to adapt to a changing market, focusing on inventory reduction and addressing supply-demand imbalances [6]. - He advocates for a shift in business models for real estate firms, suggesting they should build their own industrial systems rather than just focusing on construction and sales [6].

Core Viewpoint - The resignation of He Jianbo as the chairman and executive director of Wulian Real Estate is part of a personnel rotation plan by China Minmetals Corporation, with Dai Pengyu appointed as the acting chairman amid the company's ongoing financial struggles [1][2][3]. Group 1: Management Changes - He Jianbo has resigned from multiple positions within Wulian Real Estate, effective November 13, 2025, due to personnel rotation and succession planning by China Minmetals Corporation [1]. - Dai Pengyu, aged 43, has been appointed as the acting chairman and has extensive experience in real estate management, having joined the company in 2007 and served in various senior management roles [2][3]. Group 2: Financial Performance - Wulian Real Estate reported a revenue of HKD 9.883 billion in 2024, a year-on-year decline of 21.8%, with a net loss of HKD 3.748 billion, which is an increase compared to the previous year [3]. - The company's gross profit margin fell from 17.2% to 6.1% over the same period, indicating significant financial distress [3]. - In the first half of 2025, the company experienced a 60.7% decline in revenue, amounting to HKD 1.976 billion, and a net loss of HKD 580 million [4]. Group 3: Privatization Plans - In October 2025, Wulian Real Estate announced plans for privatization, with a proposal to delist from the stock exchange and cancel shares at a price of HKD 1 per share, representing a premium of approximately 104.08% over the last trading day [4]. - The company cited low trading volumes and persistent undervaluation as reasons for the privatization, which has hindered its ability to raise capital from the market since 2009 [4].

Core Viewpoint - After announcing plans for privatization and delisting, a major change in leadership has occurred at the state-owned developer, Wulian Real Estate [2][3]. Group 1: Leadership Changes - He Jianbo has resigned from his positions as executive director, chairman of the board, and various committee roles due to personnel rotation and succession planning by China Minmetals Corporation [2]. - Dai Pengyu, the executive director and managing director, has been appointed as the acting chairman of the board until a new chairman is officially appointed [2]. - He Jianbo has confirmed that there are no disagreements with the board and is aware of matters that need to be communicated to shareholders [2]. Group 2: Company Performance - During He Jianbo's tenure, Wulian Real Estate experienced rapid expansion, achieving sales of 19.36 billion yuan in 2020, a year-on-year increase of 124%, and further increasing to 26 billion yuan in 2021 [3]. - However, due to industry adjustments, sales have contracted significantly, with projected sales of 7.02 billion yuan in 2024 [3]. - The company reported a revenue of 9.883 billion HKD in 2024, a year-on-year decline of 21.8%, with a net loss of 3.748 billion HKD [3]. - In the first half of the current year, Wulian Real Estate generated a revenue of 1.976 billion HKD, with a net loss of 580 million HKD [3]. Group 3: Privatization Plans - On October 23, Wulian Real Estate announced plans for privatization and intends to apply for the cancellation of its listing on the stock exchange, with a proposed share cancellation price of 1 HKD per share [3]. - If the privatization is successful, there may be potential integration and restructuring with another real estate brand under China Minmetals, "China Metallurgical Group" [3]. Group 4: Industry Insights - He Jianbo has publicly stated that the main task for the real estate sector is to "reduce inventory," with the primary contradiction being "supply-demand imbalance" [4]. - Despite government measures to stimulate consumption, the industry is expected to gradually transition into an era focused on existing housing stock, necessitating transformation and change among real estate companies [4]. - Future strategies for real estate firms should extend beyond merely building and selling properties, focusing instead on developing a comprehensive industrial system based on their core competencies [4].

香港交易及結算所有限公司及香港聯合交易所有限公司對本聯合公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本聯合公告全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：230） JUNE GLORY INTERNATIONAL LIMITED （於英屬處女群島註冊成立之有限公司） 本聯合公告僅供參考，並不擬亦非構成或組成於任何司法權區購買或認購要約人或 本公司任何證券的任何要約或購買或認購有關證券的邀請，亦非招攬任何投票或批 准，亦不會於任何司法權區在違反適用法律或法規的情況下出售、發行或轉讓本公 司證券。 本聯合公告並非供在、向或從刊發、登載或分發全部或部分內容即構成違反任何司 法權區適用法律或法規的有關司法權區刊發、登載或分發。 聯合公告 延遲寄發有關 (1)建議由JUNE GLORY INTERNATIONAL LIMITED 根據公司法第99條以計劃安排方式 私有化五礦地產有限公司 及 (2)建議撤銷五礦地產有限公司的上市地位 的計劃文件 要約人之財務顧問 – 1 – 緒言 茲提述June Glory Inte ...

Core Viewpoint - China Minmetals Real Estate announced the resignation of He Jianbo as executive director and chairman of the board due to personnel rotation and succession planning at China Minmetals Group, effective November 13, 2025 [1] Group 1: Management Changes - He Jianbo will resign from his positions including chairman of the executive committee, nomination committee, sustainability committee, and member of the remuneration committee [1] - Dai Pengyu, currently an executive director and managing director, has been appointed as acting chairman of the board and the aforementioned committees, effective November 13, 2025, until a new chairman is formally appointed [1] Group 2: Background of New Acting Chairman - Dai Pengyu, aged 43, was appointed as deputy general manager in March 2020 and became executive director and managing director in May 2025 [1] - He holds a bachelor's degree in management from Xi'an University of Architecture and Technology and an MBA from Fudan University, joining the company in 2007 and has extensive experience in real estate management, development operations, and marketing [1]

11月13日，五矿地产发布公告，何剑波因中国五矿集团有限公司的人员轮换与继任规划安排而辞任公司 执行董事、董事会主席、董事会辖下的执行委员会、提名委员会及可持续发展委员会主席及薪酬委员会 成员、授权代表的职务，由2025年11月13日起生效。 同时，公司执行董事兼董事总经理戴鹏宇已获委任为董事会代理主席、董事会辖下的执行委员会、提名 委员会及可持续发展委员会代理主席、薪酬委员会成员及授权代表，自2025年11月13日起生效，直至正 式委任新董事会主席为止。 直至正式委任新董事会主席为止。 ...

公司执行董事兼董事总经理戴鹏宇先生已获委任为公司董事会代理主席、董事会辖下的执行委员会、提 名委员会及可持续发展委员会代理主席、薪酬委员会成员及授权代表﹐自2025年11月13日起生效，直至 正式委任新董事会主席为止。 （原标题：五矿地产(00230)：戴鹏宇获委任为代理主席） 智通财经APP讯，五矿地产(00230)发布公告，何剑波先生因中国五矿集团有限公司的人员轮换与继任规 划安排而辞任公司执行董事、董事会主席、董事会辖下的执行委员会、提名委员会及可持续发展委员会 主席及薪酬委员会成员之职务，由2025年11月13日起生效。何先生亦将不再担任根据上市规则第3.05条 项下公司授权代表，自2025年11月13日起生效。 ...

此外，公司执行董事兼董事总经理戴鹏宇已获委任为董事会代理主席、董事会辖下的执行委员会、提名 委员会及可持续发展委员会代理主席、薪酬委员会成员及授权代表，自2025年11月13日起生效，直至正 式委任新董事会主席为止。 格隆汇11月13日丨五矿地产(00230.HK)发布公告，何剑波因中国五矿集团有限公司的人员轮换与继任规 划安排而辞任公司执行董事、董事会主席、董事会辖下的执行委员会、提名委员会及可持续发展委员会 主席及薪酬委员会成员、授权代表的职务，由2025年11月13日起生效。 ...

公司执行董事兼董事总经理戴鹏宇先生已获委任为公司董事会代理主席、董事会辖下的执行委员会、提 名委员会及可持续发展委员会代理主席、薪酬委员会成员及授权代表﹐自2025年11月13日起生效，直至 正式委任新董事会主席为止。 五矿地产(00230)发布公告，何剑波先生因中国五矿集团有限公司的人员轮换与继任规划安排而辞任公 司执行董事、董事会主席、董事会辖下的执行委员会、提名委员会及可持续发展委员会主席及薪酬委员 会成员之职务，由2025年11月13日起生效。何先生亦将再担任根据上市规则第3.05条项下公司授权代 表，自2025年11月13日起生效。 ...