Yiren Yifang Holdings (08305) issued an announcement. The company is now actively exploring business development opportunities in the Greater Bay Area and appointing...
According to the Zhitong Finance App, Yiren Yifang Holdings (08305) announced that the company is now actively exploring business development opportunities in the Greater Bay Area and has appointed Chen Peng as CEO as the Group's stepping stone for exploring business opportunities in the Greater Bay Area.
The Greater Bay Area is a prominent national initiative in China's long-term strategic development plan, attracting top Chinese and overseas companies and rapidly growing companies to do business in the region. The board of directors believes that the policies implemented by the Chinese government in the Greater Bay Area have brought relatively many business opportunities. With the Group's background in the construction industry and the directors' business network in the Chinese community in Hong Kong, China, the Group has appointed Chen as the first step in exploring upstream and downstream business opportunities, including businesses within the Greater Bay Area and focusing on Shenzhen.
Developing business in the Greater Bay Area enables the Group to consolidate and develop its existing business and expand its business footprint from Hong Kong, China to the Greater Bay Area. Therefore, the board of directors believes that developing business in the Greater Bay Area has the potential to make future contributions to the Group, is beneficial to the company, and conforms to the interests of the Group and shareholders.
In line with the development of the Greater Bay Area business, the Group has hired Chen Peng as CEO. Chen Peng has extensive experience in finance, marketing strategy and investment. Chen Peng will be mainly responsible for the Group's overall management and market development in Greater China. With Chen Peng's addition, the board of directors believes that the company will gain more business networks and development in Greater China.