Following the completion of the sale of 70% of the trustee manager of Dasin Retail Trust by Zhang Zhencheng to a unit of Sino-Ocean Capital for $8.3 million on Oct 12, Zhang has stepped down as chairman of the manager, and is appointed as a member of the Audit and Risk Committee, and the Remuneration Committee.

Dasin Retail Trust owns seven malls in the greater bay area, and the trust has yet to rebound significantly despite the change of owner of the manager, and the potential change of major unitholder. 

Dr Kong Weipeng, a Non-Executive Non-Independent Director of the manager is appointed chairman of the Board, a member of the Audit and Risk Committee and the Nominating Committee.

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