万达老人退出，曾任珠海万达CEO、董事长

Core Viewpoint - The leadership changes at Zhuhai Wanda and Dalian Xindameng indicate a significant shift away from the "Wanda system," as the new executives are primarily from external investment groups rather than the original Wanda team [2][4]. Group 1: Leadership Changes - Huang Dewei has been appointed as the co-chairman and CEO of Zhuhai Wanda and Dalian Xindameng, marking a new leadership era [1][5]. - The departure of Xiao Guangrui, a long-time Wanda executive, signifies a further "de-Wanda" process within the companies [4][3]. - The board of Zhuhai Wanda now includes six members from new investors, reducing the influence of the original Wanda team to four members [5][6]. Group 2: Investment and Ownership Structure - In early 2024, a consortium led by TPG, CITIC Capital, Abu Dhabi Investment Authority, and Mubadala Investment Company invested approximately 60 billion yuan in Dalian Xindameng, acquiring a 60% stake [2][3]. - The new investors are gradually taking control of the board, indicating a shift in governance and strategic direction [3][5]. Group 3: Company Operations and Market Position - Zhuhai Wanda operates 513 Wanda Plazas in China, managing over 70 million square meters, making it the largest commercial real estate operator globally [6]. - The company offers various products, including Wanda Plaza Max, Pro, City, and Life, showcasing its diverse operational capabilities [6].