The board of directors of Hong Kong property developer Hang Lung Group announced on April 26 that Chan Chi-chung will step down from his positions as chairman of the group, executive director, and chairman of the executive committee, to be succeeded by his son Adriel Wenbo Chan. Wenbo Chan said the group will focus its development efforts on mainland China, particularly in the high-end retail sector. Currently, 70% of the group’s assets are in mainland China, and it is believed that they will continue to grow in the future, with the management team seizing market opportunities.