Nan Fang Du Shi Bao·2025-09-23 13:32Core Viewpoint - China Resources Land announced a series of management changes, including the resignation of CFO Guo Shiqing and the appointment of Hao Zhongming and Zhao Wei to key executive positions [2][5][6] Management Changes - Guo Shiqing will resign as Executive Director, Executive Committee member, CFO, and Company Secretary effective September 23, 2025, due to other work commitments [2] - Hao Zhongming has been appointed as Executive Director and Executive Committee member starting September 23, 2025 [2] - Zhao Wei will take over as Executive Director, Executive Committee member, CFO, Company Secretary, and Authorized Representative from September 23, 2025 [2] Background of Key Personnel - Guo Shiqing joined China Resources Land in 2001 and has held various financial management roles, including CFO since June 2020 [5][6] - Hao Zhongming, 54, joined China Resources Land in October 2022, previously serving in various roles within the government and the China Resources Group [6][7] - Zhao Wei, 53, has over 20 years of financial management experience within the China Resources Group and will assume the CFO role [6][7] Compensation and Terms - Both Hao Zhongming and Zhao Wei have signed a three-year appointment letter with a pre-tax basic monthly salary of RMB 62,800, along with performance-based bonuses [7] Company Overview - China Resources Land is a core business unit of China Resources Group, established in 1994 and listed on the Hong Kong Stock Exchange in 1996 [8] - The company reported a revenue of RMB 94.92 billion for the first half of 2025, a year-on-year increase of 19.9%, with a net profit attributable to shareholders of RMB 11.88 billion, up 16.2% [8]