De Xiang Real Estate: Appoint He Xuechu as Executive Director and Co-Chairman

On July 15, Desheng Real Estate announced on the Hong Kong Stock Exchange that He Xuechu had been appointed as the company's executive director and co-chairman of the board of directors, effective from July 15, 2026. He Xuechu, 63, previously served as executive director and chairman of the board of directors of Geely Automobile from 2002 to 2005. He also served as executive director and chairman of the board of directors of Hongqiao Group from 2007 to 2024.