万达老人退出，珠海万达高层席位大变更

Core Viewpoint - The management of the light-asset platform under Wanda Group is undergoing significant changes, with the departure of long-time executives, indicating a shift towards a new investment structure and governance model [1][2][3]. Group 1: Management Changes - Huang Dewei has been appointed as the co-chairman and CEO of Zhuhai Wanda and Dalian Xindameng, marking a complete exit of the "Wanda veterans" from top management positions [1][3]. - Xiao Guangrui, a long-time member of the "Wanda system," has resigned from his roles as CEO of Zhuhai Wanda and Dalian Xindameng, furthering the "de-Wanda" transformation of these companies [2][3]. Group 2: New Investment Structure - The new investment consortium, led by TPG and other financial institutions, has invested approximately 60 billion yuan into Dalian Xindameng, acquiring a 60% stake and effectively taking control of the board [1][2]. - The board of Zhuhai Wanda now includes six members from the new investment group, while only four members remain from the Wanda side, indicating a significant reduction in Wanda's influence over the light-asset platform [3]. Group 3: Company Overview - Zhuhai Wanda operates as the exclusive operator of 513 Wanda Plazas in China, managing over 70 million square meters, making it the largest commercial real estate operator globally [4]. - The assets under management for the leading investment group, TPG, exceed 58 billion USD, positioning it as a major player in the Asia-Pacific investment landscape [4].