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Future Land Development restructures board

Future Land Development Holdings Ltd. said its executive director Liu Yuanman and joint company secretary Chan Wai Kin resigned from their respective roles.

The Hong Kong-listed developer installed Zhang Shengman as nonexecutive director and Zhang Feng as joint company secretary, replacing Chan, who will remain an executive director. Mok Ming Wai, also a joint company secretary, will assist Zhang Feng in his new role.

Liu will also be positioned to other roles within the group, according to a release.

The changes, which took effect March 21, came on the back of Future Land's plan to restructure the group's internal functions. The company noted that Zhang Shengman's appointment will run through its next general meeting, at which point he may stand for election.

Zhang Shengman remained a director at Future Land unit Future Land Holdings Co. Ltd. since his joining in August 2016 until March 2018. He is independent nonexecutive director of Fosun International Ltd. since December 2006.

Zhang Feng, who was added to the group in March 2011, serves as general manager of Future Land's capital market department.