China Jinmao's major adjustment: The regional platforms are revoked and adjusted into 14 regional companies.

According to market sources, China Jinmao will carry out an organizational structure adjustment, changing the "headquarters - region - city" three - level management and control structure to a "headquarters - region" two - level management and control structure. The five regional companies in North China, East China, South China, Central China, and Southwest China will be abolished. The existing city companies will be merged and reorganized into 14 regional companies.

China Jinmao stated that the overall orientation of this structural adjustment is to expand and optimize the company's key cities, strengthen the headquarters' operational management and control and management penetration, improve organizational agility, and enhance the efficiency and quality of decision - making. This organizational adjustment and management efficiency improvement will be carried out while maintaining the existing team size, and the employee team will generally remain stable.

One week ago, on March 11th, China Jinmao just changed its leadership. Zhang Zenggen resigned as the company's chairman, executive director, chairman of the Strategy and Investment Committee, and chairman of the ESG Committee, and was succeeded by Tao Tianhai. This organizational structure adjustment is considered to be Tao Tianhai's first major move after taking office.