China Merchants Property Operations expands 2025 connected transactions, appoints new board

China Merchants Property Operation & Service Co., Ltd. announced an increase in its 2025 estimated annual caps for daily connected transactions. The "provision of labor services" category, specifically "basic property management and specialized services," will see an additional RMB 460 million, raising its total to RMB 4.16 billion. This adjustment brings the company's overall estimated connected transaction contract total for 2025 to RMB 4.448 billion, up from the previously approved RMB 3.988 billion. The independent directors and the board have approved this revision, noting the transactions are at market prices and do not harm shareholders.

Concurrently, the company finalized its eleventh board of directors and senior management appointments. The new board comprises eleven directors, including non-independent and independent members. Mr. Lv Bin, Mr. Chen Zhiheng, and Ms. Yang Lei are among the non-independent directors, while Ms. Karen Lai and Mr. Zou Pingxue are independent directors.

Mr. Chen Zhiheng has been appointed general manager, with Mr. Zhao Xiao and Ms. Wen Yanlong as deputy general managers, Ms. Jiang Xia as chief financial officer, and Mr. Chen Jiang as board secretary. The new leadership team's term aligns with the board's tenure. Former directors Mr. Liu Ye, Mr. Xu Zunwu, and Mr. Lin Hong have departed.