Core Viewpoint - Dalian Wanda Group announced a share buyback plan for its subsidiary Dalian Wanda Commercial Properties, intending to delist from the Hong Kong Stock Exchange, with a total cash payout of approximately HKD 29.32 billion [1]. Group 1: Company Overview - Dalian Wanda Commercial Properties was established in 1992 and listed on the Hong Kong Stock Exchange in 2013, focusing on the development, operation, and management of urban complexes under the Wanda brand [3]. - The company operates four main business segments: investment properties, property development, hotel operations, and management services [3]. Group 2: Financial Performance - For the year 2024, Dalian Wanda reported revenues of approximately CNY 35.79 billion, a decrease of 2.70% from 2023; the net loss attributable to shareholders was about CNY 2.98 billion, a decrease of 103.14% from 2023; net cash flow from operating activities was approximately CNY 6.62 billion, down 37.82%; total assets were around CNY 178.58 billion, a decline of 9.84%; and net assets attributable to shareholders were about CNY 10.60 billion, down 23.46% [4]. - However, in the first half of 2025, the company expects to achieve a net profit attributable to shareholders of between CNY 80 million and CNY 120 million, indicating a turnaround from previous losses [5]. Group 3: Strategic Moves - The share buyback and delisting plan is described as a strategic response to changing market conditions, aimed at enhancing the company's equity in Dalian Wanda Commercial Properties and improving overall operational efficiency and market competitiveness [5].