China Aoyuan Property Group Ltd. is proposing to change its name to China Aoyuan Group Ltd. to create a new corporate image and better reflect its long-term business strategies.

The plan is subject to the approval of the company's shareholders in a yet-to-be-scheduled extraordinary general meeting and of the Registrar of Companies in the Cayman Islands.

In a filing, the Hong Kong-listed property company said the proposal is in line with further development and expansion of the group's business into property development, commercial operation, property management, healthy and regimen, cultural tourism and cross-border e-commerce.