Greenland Holdings revises management, proposes share issuance amid financial loss

Greenland Holdings Corporation disclosed a change in its senior management structure, adding "vice president" and "chief financial officer" to the definition of senior management in its Articles of Association, effective from August 27, 2025. This revision will be submitted to shareholders for approval.

The company also announced a proposed non-public share issuance to no more than 35 specific investors to raise funds for "guaranteed housing delivery, people's livelihood" related real estate projects, and to supplement working capital and repay debts. The issuance amount will not exceed 30% of the total share capital before the issuance.

The semi-annual financial report for 2025 shows total operating revenue of RMB 94.495 bn and a net loss attributable to the parent company of RMB 3.506 bn. The report emphasizes strategies to stabilize operations, promote transformation, and reduce costs amid a complex economic environment.