On January 2, Lingzhan Investment Management Co., Ltd., the manager of the Lingzhan Real Estate Investment Trust, announced that Song Junyan, the Group's Chief Investment Officer, has been appointed as an executive director with effect from January 1, 2026. Ling Zhan pointed out that according to the temporary leadership structure, Song Junyan will lead the lead with Executive Director and Group Chief Financial Officer Huang Guoxiang and report to Chairman Ou Dunqin and the Chairman's Committee.

On January 2, Lingzhan Investment Management Co., Ltd., the manager of the Lingzhan Real Estate Investment Trust, announced that Song Junyan, the Group's Chief Investment Officer, has been appointed as an executive director with effect from January 1, 2026. Ling Zhan pointed out that according to the temporary leadership structure, Song Junyan will lead the lead with Executive Director and Group Chief Financial Officer Huang Guoxiang and report to Chairman Ou Dunqin and the Chairman's Committee.