Dasin Retail Trust has announced a change of CEO.

Incumbent Yang Bin has decided to resign to pursue personal interests, effective June 30.

The new Dasin Retail Trust CEO is Li Wen, who will take the helm on July 1.

“On behalf of the board, I would like to extend my deepest appreciation to Yang Bin for his invaluable contributions to Dasin Retail Trust and I wish him all the best as he pursues his future endeavours”, said Zhang Zhencheng, chairman.

“Underpinned by a commendable set of professional qualifications, and extensive banking and real estate experience, Li Wen is the ideal person to lead Dasin Retail Trust into its next phase of growth and create value for unitholders by achieving our financial and operational targets expressed at the time of listing,” he said.

Li Wen previously served as GM of Dasin (Shenzhen) Internet Finance Service, Dasin Xincheng Wealth Management Co and as GM (finance division) of Zhongshan Dasin Holdings. Prior to that, he spent more than 14 years at Bank of China in Zhongshan. During the last two years, Li Wen also played an instrumental role in the listing process of Dasin Retail Trust on the Singapore Exchange. His main areas of expertise lie in banking, finance, risk management and real estate.

Li Wen says he believes the dynamic retail landscape in China’s Pearl River Delta Region presents vast opportunities for growth, both organically and through strategic acquisitions, commencing with the acquisition of Shiqi Metro Mall by June 30.