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On June 1, Powerlong Real Estate (01238.HK) and Powerlong Commercial (09909.HK) announced on the same day that Chen Deli was appointed as the co-president of Powerlong Real Estate Holdings Limited and Powerlong Business Management Holdings Limited Chief Executive Officer, the appointment will take effect on June 1, 2020.

The announcement shows that after being appointed as the co-president of Baolong Real Estate, Chen Deli will be mainly responsible for the integration of related business of the group and assist the company’s chief executive to handle the group’s business operation management. Chen Deli’s term of office as Chief Executive Officer of Powerlong Business is 5 years.

The announcement shows that Chen Deli is 46 years old. He was a director and co-president of Xincheng Holding Group Co., Ltd. from August 2016 to March 2020, and played a major role in the expansion of commercial scale of Xincheng. Earlier, he worked in commercial real estate companies such as Wanda and CapitaLand.

The 2019 financial report shows that Baolong Commercial has 51 retail commercial properties under management, with a total construction area under management of approximately 7 million square meters; 72 retail commercial properties have been contracted with a total contracted construction area of ​​8.9 million square meters.

Baolong Commercial stated that its future development strategy revolves around capital empowerment, management empowerment, quality empowerment, and technology empowerment. It is also expected to focus on management development to promote strong operational performance and sustainability Innovation. In addition, Baolong Business Plan continues to provide competitive remuneration packages to attract and retain talent. Baolong Business claims that its employees are the key to its success, and it is committed to fostering a spirit of corporate collaboration and common success. Chen Deli’s joining confirms Baolong’s desire and attraction for talents.

Previously, there was news that Tang Jianfeng, the former vice president of the business management business unit of Xincheng Holdings, had officially joined Baolong Commercial Group on May 25 as the executive deputy general manager.