ITC Properties Adds Veteran Real Estate Investor Wu Yao to Board

ITC Properties Group Limited ( (HK:0199) ) just unveiled an update.

ITC Properties Group Limited has appointed Mr. Wu Yao as an executive director with effect from 20 January 2026, adding him to both its investment committee and corporate governance committee, as well as the boards of certain group subsidiaries. Wu, a 57-year-old veteran with more than 30 years’ experience in retail operations, commercial real estate development and industrial investment and financing in mainland China, has led over 30 commercial property projects and more recently focused on angel and fund investments in retail, real estate and healthcare. His appointment, with an annual director’s fee of HK$120,000 and subject to shareholder re-election and rotation in line with the company’s bye-laws and Hong Kong listing rules, is expected to strengthen ITC Properties’ strategic capabilities in mainland real estate and consumer-related sectors while reinforcing the group’s governance framework through his roles on key board committees.

The most recent analyst rating on (HK:0199) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on ITC Properties Group Limited stock, see the HK:0199 Stock Forecast page.

More about ITC Properties Group Limited

ITC Properties Group Limited, incorporated in Bermuda and listed in Hong Kong (Stock Code: 199), operates as an investment holding group with a focus on property-related businesses and associated investments through its various subsidiaries. The Group is governed by a board comprising executive, non-executive and independent non-executive directors, supported by committees overseeing investment and corporate governance matters.

Average Trading Volume: 4,960,409

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.36B

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