Vanke officially announced: Yu Liang resigned due to retirement at the age limit!

Vanke announced on January 8 that Executive Vice President Yu Liang had submitted a written resignation report to the board of directors due to retirement upon reaching the age limit, applying to resign from his positions as director and executive vice president. After his resignation, this professional manager who worked at Vanke for 36 years and served as head of the company for 17 years will no longer hold any position at the company. According to the company’s announcement, Yu Liang’s resignation is effective from the date the report is delivered to the board of directors. Yu Liang has confirmed that he has no disagreements with the board and no other matters that need to be brought to the attention of shareholders, creditors, or the stock exchange. Vanke stated that Yu Liang’s resignation will not result in the number of board members falling below the statutory minimum, nor will it affect the board's normal operation or the company’s daily business. The company will complete the process of filling the vacant director position as soon as possible. On Thursday, Vanke A shares rose by 3.6%. As of now, Yu Liang holds 7,394,900 shares of Vanke A. End of a 36-year career at Vanke Public information shows that Yu Liang was born in 1965, received his bachelor’s degree from Peking University in 1988, and obtained a master’s degree in economics from Peking University in 1997. In 1990, Yu Liang joined Vanke from Shenzhen Foreign Trade Group, beginning a professional career spanning 36 years. His roles at Vanke have seen multiple promotions: starting as company director in 1994, becoming deputy general manager in 1996, and being appointed executive deputy general manager and chief financial officer in 1999. In 2001, Yu Liang succeeded Wang Shi as Vanke’s general manager (president), marking the comprehensive implementation of a professional manager system at Vanke. From 2001 to January 2018, Yu Liang served as company president; from July 2017 to January 2025, served as chairman of the board. In January 2025, Yu Liang resigned as chairman of the board due to work adjustment reasons, continued serving as director and executive vice president, until this resignation upon reaching retirement age. Statements on industry prospects before departure At Vanke’s first interim shareholder meeting in 2025 held on November 20, Yu Liang shared his views on the real estate market’s trends. He stated that with continued implementation of policies and the gradual realization of reasonable housing demands, the industry is expected to gradually emerge from the adjustment cycle and enter a new stage of stable development. Yu Liang pointed out that the proposals for the “15th Five-Year Plan” clarify the real estate industry’s important role in supporting and improving people’s livelihood, and once again emphasize the goal of high-quality development, which provides important guidance for Vanke’s growth. He believes that the “Recommendations” emphasize the importance of “good houses and good services”, and that in the future, providing “good houses and good services” to customers will be the basis for industry competitiveness as well as for fulfilling the industry’s mission of safeguarding and improving people’s livelihood. At the same time, the “Recommendations” call for “optimizing the supply of affordable housing” and “city-specific policies to increase supply of improved housing.” In the future, the industry will build a multi-level housing supply system, creating more effective demand and opportunities. Risk warning and disclaimer The market involves risks, and investment requires caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views or conclusions in this article are appropriate for their particular circumstances. Investing accordingly is at your own risk.