We expect the market to react negatively to the management changes. Mr ZHAO Hui was the former Chairman of CCCC Real Estate during 2018-2019 and then the general manager of the market development department of CCCG. He joined Greentown China in June 2025 and has served as executive President, ie., involved in company's strategy and operations for one year. We expect investor concerns may focus on 1) his background in CCCG's real estate restructuring, 2) his age is one year away to the retirement age. | Equi ...