Pan Shiyi and CEO Pan Zhangxin, chairman of the board of directors of Soho, resigned

Cover Journalist Xiong Yingying

At noon on September 7, SOHO China announced at the Hong Kong Stock Exchange. Pan Shiyi has resigned from the position of the chairman of the board of directors, the chairman of the nomination committee and the chairman of the ESG committee to focus on supporting art and charity; Ms. Pan Zhangxin has resigned as the company's chief executive (CEO) position In order to focus on supporting art and charity. The two will continue to be the company's executive director.

On the same day, Huang Jing, an independent non -executive director of the company, was appointed as the chairman of the board of directors, the chairman of the nomination committee, and the chairman of the ESG Committee; Xu Jin and Qian Ting were appointed as the executive director and joint CEO.

The announcement shows that Xu Jin, 50 years old, was previously the vice president of SOHO China, responsible for assets and property management. He joined the company in February 2001 and served as the director of the Personnel Administration, the director of the procurement department, and the vice president. In 1994, he obtained a bachelor's degree in engineering management in Beijing Materials Institute, and has more than 20 years of relevant experience in the real estate development industry.

Qian Ting, 45 years old, previously served as Vice President of SOHO China, responsible for property rental and sales. He joined the company in October 2002 and was the company's rental market director and deputy president. In 2000, he obtained a bachelor's degree in trade economy at Renmin University of China, and has 20 years of experience in Chinese real estate sales and leasing.

The term of office of the two is 3 years from September 7, and it can be terminated by any party not less than 3 months. Each year's basic remuneration is RMB 1.5 million, and the board of directors is RMB 264,000 according to its performance.

After the news was released, SOHO China's stock price rose rapidly, rising by more than 17%. As of the closing, SOHO China's stock price rose 11.03%to HK $ 1.51/share, with a market value of HK $ 7.851 billion.

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