Core Viewpoint - Swire Properties announced that its Executive Director and Chief Financial Officer, Long Yan, plans to resign in May 2026, with current Group Financial Director of Hong Kong Aircraft Engineering Company, Shi Shihua, set to succeed him [1] Company Leadership Changes - Long Yan will step down as Executive Director and CFO of Swire Properties in May 2026 [1] - Shi Shihua, currently the Group Financial Director at Hong Kong Aircraft Engineering Company, will take over the CFO role upon Long Yan's departure [1] Background of Successor - Shi Shihua, aged 49, joined Swire Group in 2015 and has held senior financial positions in the shipping and marine services sectors in Singapore and the UK [1] - He was appointed Group Financial Director of Hong Kong Aircraft Engineering Company in August 2021, overseeing financial, procurement, and legal matters [1] - Prior to joining Swire Group, Shi held various financial roles in the oil and gas industry across the UK, Netherlands, and UAE [1]

Core Viewpoint - The financial troubles of Emperor International, controlled by Yang Shoucheng, have led to significant stock declines and raised concerns about the company's future viability [1][4][6]. Financial Performance - For the fiscal year 2024/2025, Emperor International reported total revenue of HKD 1.376 billion, a year-on-year increase of 41.47% [4]. - The company recorded a shareholder loss of HKD 4.743 billion, which represents a year-on-year increase of 131.75% [4]. - Deloitte issued a non-standard report on Emperor International's financial statements, indicating a loss of HKD 4.84 billion and highlighting overdue bank loans totaling HKD 16.6 billion [4]. Stock Market Reaction - On June 30, Emperor International's stock fell by over 15%, closing with a decline of 11.76% at HKD 0.21 per share, resulting in a total market capitalization of HKD 1.158 billion [1]. - Other Emperor Group stocks also experienced significant declines, including Emperor Watch & Jewellery down 8.33%, Emperor Entertainment Hotel down 5.26%, and Emperor Capital down 18.18% [3]. Company Background - Emperor International is a publicly listed company under the Emperor Group, focusing on property investment and real estate development, controlled by the Yang family [5]. - The company has diversified operations, including real estate, finance, jewelry, entertainment, and hotel management, with seven subsidiaries listed on the Hong Kong Stock Exchange [9]. Yang Shoucheng's Influence - Yang Shoucheng is a prominent figure in Hong Kong's entertainment industry, having supported various successful films and nurtured many popular artists [6][11]. - His business ventures began with a jewelry store and expanded into a diversified conglomerate, establishing a significant presence in multiple sectors [6][9].