Joy City reveals management Revamp
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Hong Kong property company Joy City has revealed new management appointments and the departure of its CFO.
Two new deputy GMs have been appointed: Song Bingxin and Guo Fengrui.
Song, 49, joined Cofco Corporation, Joy City’s controlling shareholder, in 1994. From December 2016 to April this year, she was deputy GM at Grand Joy Holdings.
Guo, 50, served as GM of the operations management from February 2015 and acted as the GM assistant from April 2019 at Grand Joy Holdings.
At the same time, CFO Xu Hanping has ceased her role “due to work reallocation”, according to a stock exchange filing by Joy City.
“Ms Xu confirmed that she has no disagreement with the board and there is no matter in relation to her cessation as the CFO that needs to be brought to the attention of the shareholders of the Company,” the statement read, before expressing gratitude for her service.
Zhang Jianguo, 53, has been appointed as her replacement. He joined Grand Joy Holdings in 1994 and most recently served as CFO at Grand Joy Holdings.
All the changes took effect on April 26.
The Joy City management team now comprises Zhou Peng (GM), Yao Changlin, Song, Guo and Li Wenyao as deputy GMs and Jianguo as CFO.
Questions & Answers
Q.What roles have the new appointees Song Bingxin and Guo Fengrui taken on at Joy City?
What roles have the new appointees Song Bingxin and Guo Fengrui taken on at Joy City?
Song Bingxin and Guo Fengrui have both been appointed as new Deputy General Managers at Joy City. Song, aged 49, previously served as Deputy GM at Grand Joy Holdings, while Guo, aged 50, was GM of operations management there.
Q.Why has CFO Xu Hanping left her position at Joy City?
Why has CFO Xu Hanping left her position at Joy City?
CFO Xu Hanping has ceased her role at Joy City due to a "work reallocation." She confirmed there were no disagreements with the board and nothing further for shareholders to be aware of regarding her departure.
Q.Who has been appointed as the new CFO for Joy City and when did this change take effect?
Who has been appointed as the new CFO for Joy City and when did this change take effect?
Zhang Jianguo, aged 53, has been appointed as the new Chief Financial Officer for Joy City. He previously served as CFO at Grand Joy Holdings. All management changes, including his appointment, took effect on April 26.
Q.What is the current composition of Joy City's senior management team after these changes?
What is the current composition of Joy City's senior management team after these changes?
The Joy City management team now consists of Zhou Peng as General Manager, with Yao Changlin, Song Bingxin, Guo Fengrui, and Li Wenyao serving as Deputy General Managers. Zhang Jianguo has taken on the role of Chief Financial Officer.
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