Hua Yuan Property (600743.SH) dismissed General Manager Li Ran from his position and Chairman Wang Lebin will assume his duties.

Hua Yuan Property (600743.SH) announced that the board of directors has agreed to dismiss Li Ran from the position of general manager of the company and Hou Zhenghua from the position of vice general manager, effective from the date of approval by the board of directors. The company has agreed that the chairman of the board, Wang Lebin, will assume the powers of the general manager from the date of approval by the board of directors until the appointment of a new general manager. The company will expedite the process of appointing a new general manager in accordance with relevant regulations.