Core Viewpoint - Wanda Group has repurchased the Yantai Zhifu Wanda Plaza after selling over 80 Wanda Plazas, marking a significant shift in its asset management strategy amid ongoing financial challenges [5][12]. Group 1: Shareholder Changes - On December 2, Yantai Zhifu Wanda Plaza Co., Ltd. underwent a business change, with Kunhua (Tianjin) Equity Investment Partnership and Kunyuanchengxing (Xiamen) Investment Management Consulting Co., Ltd. exiting the shareholder list [1][9]. - Shanghai Wanda Ruichi Enterprise Management Co., Ltd. has been added as the sole controlling shareholder, alongside multiple executive changes [1][9]. Group 2: Financial Context - The Yantai Zhifu Wanda Plaza was established in November 2010, with a registered capital of 708 million RMB, focusing on leasing and operating its own properties [6][12]. - Wanda Group has been facing a debt crisis, with 56 instances of equity freeze risk and 4 high-risk enforcement cases reported [7][13]. - In 2023, Wanda sold 100% of Wanda Hotel Management Co. for 2.49 billion RMB and 30% of Kuaqian Financial for 240 million RMB to recover funds [7][13]. Group 3: Asset Sales and Acquisitions - The company has been actively selling its assets, including 48 Wanda Plaza projects approved for acquisition by a consortium of firms including Tencent and others, with a total investment of 22.429 billion RMB [7][13]. - As of October 1, over 80 Wanda Plazas have been sold, including several in cities like Xuancheng, Tongling, Anyang, Siping, and Yangzhou [8][14].

Group 1 - Kunhua (Tianjin) Equity Investment Partnership and Kunyuanchengxing (Xiamen) Investment Management Consulting Co., Ltd. have exited as shareholders, with Shanghai Wanda Ruichi Enterprise Management Co., Ltd. becoming the sole controlling shareholder [1] - The new shareholder, Shanghai Wanda Ruichi, is a subsidiary of Dalian Wanda Commercial Management Group, which is the core enterprise of Wang Jianlin's Wanda Group [2][6] - The Yantai Zhifu Wanda Plaza, which was repurchased by Wanda, was established in November 2010 with a registered capital of 708 million RMB [5] Group 2 - Dalian Wanda Commercial Management Group has been facing a debt crisis, with 56 instances of equity freeze risk and 4 high-risk execution information reported [6] - In an effort to recover financially, Wanda has sold various assets, including 100% of Wanda Hotel Management Co. for 2.49 billion RMB and 30% of Kuaiqian Financial for 240 million RMB [6] - As of October 1, Wanda has sold over 80 Wanda Plaza locations, including those in Xuancheng, Tongling, Anyang, Siping, and Yangzhou [7]