Li Changjiang, president and executive director of Country Garden Services, has resigned as the company and will continue to provide suggestions for the company's development as a consultant.

Comprehensive Observer.com and Caixin.com reported that the board of directors of Country Garden Service Holding Co., Ltd. issued an announcement late at night on Tuesday (October 10), saying that Li Changjiang needs to invest more time in family, children's education, and individual other.Affairs, decided to resign from the company's executive director, president, authorized representative and other positions.Li Changjiang's resignation has taken effect on Tuesday.

The announcement stated that based on Li Changjiang's rich management experience and professional ability, Country Garden service decided to hire him as a consultant to the company. Li Changjiang will continue to contribute to the company's development and make contributions.

The communiqué also announced that Xu Binhuai, the former deputy general manager and chief strategic officer of Country Garden Services, will be the president of the company, and Huang Peng, the former chief financial officer, will be the executive president and chief strategic officer.

After the announcement of the Country Garden Service Announcement, Li Changjiang posted in the WeChat circle of friends: "Let the young people who are excellent, the company will be better in the future. To do a good job of consultant, I will still be a soldier."

Li Changjiang is 58 years old.He entered the property management industry in 1997 and officially joined Country Garden Living Service Group Co., Ltd. in 2011 as the general manager.

Financial Network pointed out that Li Changjiang and his wife reduced their holdings of 3.2279 million stock services in July this year, cash more than 28 million yuan (S $ 5.23 million).

According to the Daily Economic News, Li Changjiang's recent debut as a president is the opening ceremony of the 2023 Guangzhou International Smart Property Expo around September 20.But since this year, Li Changjiang has rarely participated in public events or interviews. He also absent from Country Garden's mid -term performance meeting at the end of September this year.

On the day of Li Changjiang's resignation, Country Garden issued an announcement saying that it was expected to be unable to perform all overseas debt payments as scheduled or within the relevant width period.plan.