Board Change • Jun 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Bing Sheng Teng was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 11
Wanda Hotel Development Company Limited Announces Appointment of Chen Hongtao as Chief Executive Officer The board of Wanda Hotel Development Company Limited announced that following the management changes, the position of the chief executive officer of the Company will continue to be vacant. Mr. Chen Hongtao, being the executive Director and the chairman of the Board, will assume the duties and responsibilities of the chief executive officer of the Company. Mr. Chen, aged 56, joined Dalian Wanda Group Co. Ltd. in 2000 and has held various positions in the Wanda Group and its subsidiaries since then. He is currently the president of Beijing Wanda Cultural Tourism Industry Group and the chairman and president of Dalian Wanda Commercial Management Group Co. Ltd. Prior to that, Mr. Chen served as the regional general manager of a regional company of Wanda Commercial Management Group Co. Ltd. in Chengdu from May 2011 to September 2016, senior president assistant and general manager of the West China operation centre of Wanda Commercial from September 2016 to February 2018, senior president assistant and general manager of the Southwest operation centre of Wanda Commercial from February 2018 to January 2020, chief president assistant and general manager of the commercial planning centre of Wanda Commercial from January 2020 to March 2021, and executive president of Ruyi Film Entertainment Company Limited (formerly known as Wanda Film Holding Co., Ltd) from March 2021 to May 2026. Prior to joining Wanda Group, he served as a teacher at the Education Commission of Chenghua District, Chengdu from 1994 to 1997 and deputy general manager of Chengdu Xinhengyu Technology Co. Ltd. from 1997 to 2000. Mr. Chen holds a Bachelor of Laws degree from Sichuan Normal University. Announcement • Jun 10
Wanda Hotel Development Company Limited Announces Management Changes, Effective June 8, 2026 Wanda Hotel Development Company Limited announced that Mr. Zhang Chunyuan resigned as an executive Director, the chairman of the Board, and ceased to be the chairman of the Nomination Committee under the Board with effect from June 8, 2026, as he wished to devote more time to his other personal engagements. Mr. Chen Hongtao was appointed as an executive Director, the chairman of the Board, and the chairman of the Nomination Committee under the Board with effect from June 8, 2026. Mr. Chen, aged 56, joined Dalian Wanda Group Co. Ltd. in 2000 and has held various positions in the Wanda Group and its subsidiaries since then. He is currently the president of Beijing Wanda Cultural Tourism Industry Group and the chairman and president of Dalian Wanda Commercial Management Group Co. Ltd. Prior to that, Mr. Chen served as the regional general manager of a regional company of Wanda Commercial Management Group Co. Ltd. in Chengdu from May 2011 to September 2016, senior president assistant and general manager of the West China operation centre of Wanda Commercial from September 2016 to February 2018, senior president assistant and general manager of the Southwest operation centre of Wanda Commercial from February 2018 to January 2020, chief president assistant and general manager of the commercial planning centre of Wanda Commercial from January 2020 to March 2021, and executive president of Ruyi Film Entertainment Company Limited (formerly known as Wanda Film Holding Co., Ltd) from March 2021 to May 2026. Prior to joining Wanda Group, he served as a teacher at the Education Commission of Chenghua District, Chengdu from 1994 to 1997 and deputy general manager of Chengdu Xinhengyu Technology Co. Ltd. from 1997 to 2000. Mr. Chen holds a Bachelor of Laws degree from Sichuan Normal University. As at the date of this announcement and after the above changes, Mr. Chen Hongtao (Chairman) and Mr. Han Xu are the executive Directors, Mr. He Qicong and Ms. Liang Xinhua are the non-executive Directors; and Dr. Chen Yan, Mr. He Zhiping, and Dr. Teng Bing Sheng are the independent non-executive Directors. 
