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Central China New Life Ltd. ( (HK:9983) ) has issued an update.
Central China New Life Limited has announced a leadership reshuffle, appointing long-time Central China Real Estate executive Yan Xuewen as its new chief executive officer and executive director with effect from 20 January 2026, replacing chairman Wang Jun in the CEO role. The move is designed to align the company with Hong Kong’s corporate governance requirements to separate the roles of chairman and CEO, with Wang remaining as chairman and focusing on strategic planning and major development matters. Yan, who has nearly two decades of experience in real estate development, project management and corporate administration within the Central China Real Estate Group, will serve a three-year term as CEO under a new service contract, signaling a continuity of strategic direction while strengthening governance and management depth at the group level.
The most recent analyst rating on (HK:9983) stock is a Hold with a HK$0.52 price target. To see the full list of analyst forecasts on Central China New Life Ltd. stock, see the HK:9983 Stock Forecast page.
More about Central China New Life Ltd.
Central China New Life Limited is a property services provider affiliated with Central China Real Estate Group, operating in the real estate and property management sector in Mainland China. The group focuses on community and property-related services that support the broader development and operational needs of Central China Real Estate’s projects, leveraging deep experience in regional real estate operations and management.
Average Trading Volume: 725,187
Technical Sentiment Signal: Sell
Current Market Cap: HK$636.6M
See more insights into 9983 stock on TipRanks’ Stock Analysis page.