--- title: "Tian Ming also faces delayed retirement? The \"second handover\" behind LANDSEA LIFE" type: "News" locale: "en" url: "https://longbridge.com/en/news/253677514.md" description: "LANDSEA founder Tian Ming plans to retire before the age of 65 and cultivate a successor. In 2024, Tian Ming will resign as chairman of the board, and Zhou Kunpeng will succeed him, but Zhou Kunpeng will resign in 2025, and Zhang Chenlong will become the new chairman of the board. Zhang Chenlong has worked at LANDSEA for many years and has gone through multiple departmental rotations; this adjustment is a promotion beyond his current level. Nanjing, as LANDSEA's base, has recently taken actions in land development" datetime: "2025-08-19T16:12:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/253677514.md) - [en](https://longbridge.com/en/news/253677514.md) - [zh-HK](https://longbridge.com/zh-HK/news/253677514.md) --- # Tian Ming also faces delayed retirement? The "second handover" behind LANDSEA LIFE Produced by | Fengcai News fengcaixun Author | Zhou Botong About 10 years ago, Tian Ming, the founder of LANDSEA, began to hint at his plan to retire before the age of 65. "I plan to start cultivating a successor at the age of 55, training for 5 years. If they perform well, I will suggest to the board that they take over as chairman. If they can't stand firm, I will find someone else to train, and hand over the position within 5 years. If I can't pass the baton twice, by then LANDSEA will probably be nearing its end." (Image: Tian Ming) Until the last year of this 10-year retirement plan, a successor finally emerged—on the last day of 2024, LANDSEA announced that Tian Ming resigned as chairman of the board, a position taken over by the veteran Zhou Kunpeng. However, the first power transition at LANDSEA clearly did not go according to Tian Ming's script. On August 16, LANDSEA announced that Zhou Kunpeng resigned as executive director and chairman of the board, effective from August 15, 2025. At the same time, the board of directors of LANDSEA announced that Zhang Chenlong has been appointed as the executive director, chairman of the board, and chairman of the Environmental, Social and Governance Committee. **Second Hand-off** According to the announcement, Zhang Chenlong is 47 years old this year and currently serves as the deputy general manager of LANDSEA Nanjing. He joined the company in January 2008 as the deputy manager of the marketing department. The new chairman Zhang Chenlong joined LANDSEA a year later than his "predecessor" Zhou Kunpeng, but their "progress" within LANDSEA has been remarkably similar, having almost rotated through departments such as customer service, supervision, project companies, and regional companies. The difference is that Zhou Kunpeng was promoted from the position of vice president to chairman of the board, while Zhang Chenlong was still just the deputy general manager of LANDSEA Nanjing before taking over from Zhou Kunpeng. This adjustment can be described as a leapfrog promotion, a rapid ascent. Fengcai News learned from informed sources that Nanjing, as LANDSEA's base, still has some "small moves" in land development, while other cities have some projects but are basically not acquiring new land, mainly responsible for final delivery and completion. Just on July 30 of this year, Nanjing put out 16 plots of land for sale at once. Among them, two "small but beautiful" plots attracted fierce competition Among them, the Jiangning Cuiping Mountain G50 plot was won by Nanjing Langyi Real Estate, which entered Jiangning for the first time, after 43 rounds of bidding, with a total price of 166 million yuan and a premium rate of 33.87%, resulting in a transaction floor price of 14,755 yuan/square meter. Nanjing Langyi Real Estate was established one year ago, and behind it is Nanjing LANDSEA, with its director being Zhang Chenlong. Therefore, Zhang Chenlong is actually in a position of "small temple, big Buddha" within the company. It is worth noting that Zhou Kunpeng was previously the head of the LANDSEA Nanjing regional company. During his management, the Nanjing regional company’s sales exceeded 16.9 billion yuan in 2016, and the number of operational projects once exceeded 30. However, the announcement did not elaborate much on the reason for Zhou Kunpeng's departure, only mentioning that he "intends to spend more time on other personal matters." (Figure: Zhou Kunpeng) An insider told Phoenix Finance that founder Tian Ming indeed put a lot of effort into "cultivating" Zhou Kunpeng. Zhou Kunpeng participated in a Gobi desert hiking event organized by CEIBS in 2020. As a first-time participant, Zhou Kunpeng won the championship with his team, gaining recognition from his boss Tian Ming. "This time Zhou Kunpeng's departure should have a significant impact on the boss," the insider said. **The suspense remains** Along with the appointment of the new chairman of the board, a profit warning from LANDSEA was also issued: the announcement indicated that LANDSEA Green Management expects to incur a pre-tax loss of approximately 10 million to 80 million yuan for the six months ending June 30, 2025, while for the six months ending June 30, 2024, the pre-tax loss is expected to be approximately 247 million yuan. Compared to the same period last year, the loss has decreased, but it is more noteworthy that this is not due to a recovery in the main business, but rather "increased sales and gross profit from the automotive parts business, and foreign exchange gains caused by the appreciation of the yuan." Zhang Chenlong, 47, has taken over the reins of LANDSEA Green Management, and the situation he faces is not easy at all. Turning to founder Tian Ming, who began to let go of LANDSEA's real estate sector last year, Tian Ming has shifted his focus to the group's property sector (LANDSEA LIFE). In March 2024, Tian Ming was transferred from a non-executive director of LANDSEA LIFE to an executive director and continues to serve as chairman However, from last year's performance, it was rather unremarkable. In 2024, LANDSEA LIFE achieved revenue of approximately 789 million yuan, a decrease of 15.3% compared to 2023; during the same period, it recorded a gross profit of approximately 68 million yuan, a significant decrease of 53.1% year-on-year, with the gross profit margin dropping by 7 percentage points to 8.6% compared to the same period last year. Looking at the business lines separately, in 2024, LANDSEA LIFE's revenue from property management services, non-owner value-added services, community value-added services, and apartment operation and management services were approximately 670 million yuan, 24 million yuan, 68 million yuan, and 26 million yuan, respectively. During the reporting period, all four business lines experienced declines, with year-on-year decreases of 4.6%, 77.4%, 20.9%, and 28%, respectively. In terms of scale, after exiting long-term loss-making projects that did not match its service quality, as of the end of the reporting period, LANDSEA LIFE's contracted building area was approximately 33.62 million square meters, of which the managed building area was approximately 28.62 million square meters, a year-on-year decrease of 4.8%. Meanwhile, on July 4th, LANDSEA LIFE announced personnel changes involving multiple individuals. Among them, Xue Yuan resigned as executive director; while Liu Yan resigned as non-executive director and will no longer serve as a member of the company's remuneration committee and nomination committee, as she wishes to devote more time and energy to other business divisions of LANDSEA Group. As a replacement, Liu Shouwei, president of LANDSEA Holdings, entered the property listing platform and was appointed as non-executive director and vice chairman. Now, like LANDSEA's real estate sector, LANDSEA LIFE is also facing the "handover" issue. Currently, on LANDSEA LIFE's official website, the management team section lists Tian Ming first, followed by Wu Xu. Liu Shouwei ranks fourth, after Xue Yuan. In January 2021, Wu Xu was appointed as an executive director of LANDSEA LIFE and served as CEO, responsible for overseeing daily operations, community value-added business, customer relationship management, formulating business strategies and development plans, and executing board decisions. The newly appointed Liu Shouwei is quite similar to Zhou Kunpeng and Zhang Chenlong from the real estate platform, having also joined LANDSEA around 2007. He is 6 years younger than the current general manager of LANDSEA LIFE, Wu Xu. From this perspective, Tian Ming's 10-year retirement plan is likely to be postponed ### Related Stocks - [01965.HK](https://longbridge.com/en/quote/01965.HK.md) ## Related News & Research - [Landsea Green Life Service holds annual general meeting, resolutions pass on poll](https://longbridge.com/en/news/290950366.md) - [China Chengtong Development enters RMB 300 million sale-and-leaseback deal with Zhejiang Datang Light-Textile Industry Wayecheng](https://longbridge.com/en/news/290975763.md) - [Trump climate pushback spurs courtroom battles, report says](https://longbridge.com/en/news/290807869.md) - [CITIC Resets Aluminium Hub Procurement Deal After Adding New Connected Suppliers](https://longbridge.com/en/news/290959758.md) - [CITIC Limited shareholders pass AGM resolutions by poll vote](https://longbridge.com/en/news/290955279.md)