On July 31, Vanke held its first extraordinary shareholders' meeting in 2026 to review and pass the board change bill. Huang Liping, Huang Yu, Lei Jiangsong, Xu Enli, Yao Fei, and Zhu Zhiqiang were elected as non-independent directors of the 21st board of directors, while Huang Yaying, Liao Zibin, Wang Weiguo, and Yang Zhao were elected independent directors. According to the resolution announcement of the first meeting of the new board of directors, Xu Enli was elected as the company's chairman and Huang Yu was renewed as the company's president. The new board members of Vanke generally have experience in corporate management and capital markets, with diverse and complementary professional backgrounds. The newly elected Chairman Xu Enli has been working in corporate management for many years, and has been the head of A-share and Hong Kong stock listed companies. He has rich experience in large-scale enterprise management, real estate business operations and capital markets. His partner with CEO Huang Yu fits the current characteristics and needs of Vanke's enterprise situation, and is conducive to the continuous promotion of chemical insurance and development. Furthermore, according to the announcement of the resolution of the new board of directors, the executive vice president and director secretary have been members of the team since the beginning of 2025, continuing the overall stability of the management team. At the shareholders' meeting, Huang Liping expressed his sincere thanks to the outgoing directors for their hard work over the past three years. He said that this new term will further strengthen the professional allocation and strength of the board of directors. The risks and challenges facing the new board of directors are still serious. It will effectively play the role of “setting strategies, making decisions, and preventing risks” to gather strength and overcome difficulties together. Referring to the company's work progress in the first half of the year and ideas for the second half of the year, Vanke's management said that with the support of all parties, the company has made phased progress in ensuring stable production and operation and mitigating debt risks. However, Vanke's current business situation is still grim, and the task of risk reduction is arduous. In the next stage, it will continue to resolutely implement its main responsibilities, coordinate short-term risk mitigation and long-term operation optimization, and make every effort to implement all aspects of management. At the same time, in terms of debt, we are actively exploring diversified market-based solutions, flexibly promoting debt optimization in line with the actual situation, and safeguarding the long-term interests of all parties. Furthermore, on the topic of the company's performance and development business, Vanke said that loss control and loss reduction is one of the company's core business goals this year. Phased progress has been made in project classification policies, lean operation, and cost control in the first half of the year, but due to multiple factors, short-term loss control pressure is still strong, and every effort will be made to gradually improve and repair business performance. Referring to the operation of the development business, Vanke delivered 23,000 housing units in the first half of the year, with an overall housing acceptance rate of over 90% during the centralized delivery period. We are confident that with the support of all parties, we will complete the delivery tasks in the second half of the year with quality and quantity.
Zhitongcaijing · 2d ago
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On July 31, Vanke held its first extraordinary shareholders' meeting in 2026 to review and pass the board change bill. Huang Liping, Huang Yu, Lei Jiangsong, Xu Enli, Yao Fei, and Zhu Zhiqiang were elected as non-independent directors of the 21st board of directors, while Huang Yaying, Liao Zibin, Wang Weiguo, and Yang Zhao were elected independent directors. According to the resolution announcement of the first meeting of the new board of directors, Xu Enli was elected as the company's chairman and Huang Yu was renewed as the company's president. The new board members of Vanke generally have experience in corporate management and capital markets, with diverse and complementary professional backgrounds. The newly elected Chairman Xu Enli has been working in corporate management for many years, and has been the head of A-share and Hong Kong stock listed companies. He has rich experience in large-scale enterprise management, real estate business operations and capital markets. His partner with CEO Huang Yu fits the current characteristics and needs of Vanke's enterprise situation, and is conducive to the continuous promotion of chemical insurance and development. Furthermore, according to the announcement of the resolution of the new board of directors, the executive vice president and director secretary have been members of the team since the beginning of 2025, continuing the overall stability of the management team. At the shareholders' meeting, Huang Liping expressed his sincere thanks to the outgoing directors for their hard work over the past three years. He said that this new term will further strengthen the professional allocation and strength of the board of directors. The risks and challenges facing the new board of directors are still serious. It will effectively play the role of “setting strategies, making decisions, and preventing risks” to gather strength and overcome difficulties together. Referring to the company's work progress in the first half of the year and ideas for the second half of the year, Vanke's management said that with the support of all parties, the company has made phased progress in ensuring stable production and operation and mitigating debt risks. However, Vanke's current business situation is still grim, and the task of risk reduction is arduous. In the next stage, it will continue to resolutely implement its main responsibilities, coordinate short-term risk mitigation and long-term operation optimization, and make every effort to implement all aspects of management. At the same time, in terms of debt, we are actively exploring diversified market-based solutions, flexibly promoting debt optimization in line with the actual situation, and safeguarding the long-term interests of all parties. Furthermore, on the topic of the company's performance and development business, Vanke said that loss control and loss reduction is one of the company's core business goals this year. Phased progress has been made in project classification policies, lean operation, and cost control in the first half of the year, but due to multiple factors, short-term loss control pressure is still strong, and every effort will be made to gradually improve and repair business performance. Referring to the operation of the development business, Vanke delivered 23,000 housing units in the first half of the year, with an overall housing acceptance rate of over 90% during the centralized delivery period. We are confident that with the support of all parties, we will complete the delivery tasks in the second half of the year with quality and quantity.
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