<p>In the context of a sluggish real estate market, many established companies are seeking transformation paths. Peking University Resources (618), listed in Hong Kong, is also actively seeking change, shifting from its past focus on real estate development in 13 cities such as Qingdao, Hangzhou, and Chongqing to a layout in healthcare, developing AI-driven preventive health management. Huang Qihao, Chairman of the Group's Board, stated in an exclusive interview with Sing Tao Daily that while cross-industry transformation is certainly challenging, it is not a temporary decision but a process of adapting to trends and planning ahead; at the same time, transitioning from heavy assets to light assets is a decision made as a listed company &#34;to be responsible to shareholders.&#34;</p>
<h2>The Slowdown in Real Estate is an Objective Reality</h2>
<p>Reflecting on the past of real estate, Huang Qihao recalled, &#34;That era was quite good, domestic growth was relatively fast, and the government also supported it.&#34; It is reported that Peking University Resources has been engaged in real estate for over a decade, primarily involving residential, commercial, business, and urban complex development and operations, and has held assets in 13 cities in mainland China, including residential and complex projects in Qingdao, Hangzhou, and Chongqing.</p>
<p>However, in recent years, the entire real estate industry environment has undergone significant changes. He pointed out that slowing growth, policy adjustments, and extended capital return cycles are all objective realities. With the urbanization process slowing down, young people's willingness to buy homes is declining, birth rates are low, and the demand for housing is weakening. Coupled with the diversification of financial investment channels, the real estate market is not as robust as before. He admitted, &#34;As a listed company, I still have to be responsible to shareholders.&#34; Realizing that the future of real estate is unlikely to experience explosive growth as in the past, he decided to transform and seek a new industry.</p>
<h2>The Seeds of Transformation Were Planted in 2022</h2>
<p>The seeds of transformation were planted several years ago. Since 2022, Peking University Resources has begun to layout in the healthcare field and, in November 2023, acquired the nearly 400-year-old traditional Chinese medicine brand &#34;Ye Kai Tai,&#34; thus entering the healthcare sector. With the explosion of AI technology last year, the &#34;AI healthcare&#34; direction was clarified. However, Huang Qihao indicated that the company did not &#34;cut off&#34; real estate entirely but is gradually transitioning, focusing on the management of existing assets and cautiously allocating capital, while gradually directing new resources towards new industries with greater long-term certainty.</p>
<p>As for why the AI healthcare direction was chosen, he stated that &#34;health&#34; is the most long-term rigid demand, and AI is a tool that can amplify medical efficiency, improve service experience, and enhance replicability. Currently, the demand for medical services continues to rise, the population is aging, chronic disease management has become the norm, and traditional medical models face bottlenecks in manpower and efficiency. Therefore, the combination of AI and healthcare is a long-term trend, not a short-term concept.</p>
<h2>The Biggest Challenge of Transformation is Not Technology</h2>
<p>Cross-industry transformation is certainly difficult, but he admitted that the biggest challenge is not technology, but the change in organization and mindset. In the past, the team was project-oriented, focusing on heavy asset and execution in real estate projects. Now, it needs to shift to data-oriented, focusing on light assets and services. Many employees initially find it hard to adapt; asking them to learn AI technology and change their work mindset is a long process.</p>
<p>Therefore, transformation requires great courage. While continuously learning in recent years, the company has also undergone restructuring. However, he believes that the project management experience accumulated by the team over the years is also a cross-industry advantage. Whether building or working on health projects, the core is interconnected, &#34;It’s better to be a bit slower but to be on the right path.&#34;</p>
<h2>Aiming to Create High-Stickiness Health Management</h2>
<p>Currently, Peking University Resources focuses on a light asset model, not building its own facilities but instead exporting a complete set of health service solutions. Huang Qihao pointed out that consultations and medication sales are one-time transactions that &#34;cannot retain customers,&#34; so he hopes to create high-stickiness preventive health management. The platform operates by allowing users to obtain health data through testing, which is then analyzed by AI to generate personalized reports; professional health coaches then intervene to provide dietary, exercise, and lifestyle adjustment plans, ultimately forming high stickiness through continuous follow-up.</p>
<p>He continued to state that this model has low debt pressure, high return rates, and strong replicability. The company's ResoHealth health platform, which launched in Dubai at the end of last year, has collaborated with local hotels to export a complete health accommodation solution, including nutritious meals, yoga classes, and infrared exercise equipment experiences.</p>
<h2>Bringing the Model Back to Hong Kong and Mainland After Maturity</h2>
<p>Huang Qihao, who maintains a long-term exercise routine, is also very concerned about his physical condition. He repeatedly emphasizes the concept that &#34;prevention is better than cure.&#34; In his view, the greatest investment for everyone is their own body; &#34;iPhones will iterate and upgrade, and people's bodies also need to iterate,&#34; and AI is a tool to help people accurately understand their physical condition. The value of AI in healthcare lies not in &#34;replacing doctors,&#34; but in assisting decision-making and long-term health management, with those &#34;who care about their bodies and want to live healthier&#34; being its customers.</p>
<p>Looking to the future, he plans to expand to more international hotels and corporate clients, and once the overseas model matures, he will bring this health management system back to Hong Kong and the mainland. As people's autonomy over their health increases, he believes the demand for commercial insurance will also rise significantly. At that time, the company's health data system will not only support insurance companies but also provide users with more comprehensive health services</p>

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<p>Peking University Resources (618) is transforming in the midst of a sluggish real estate market, moving towards AI-driven healthcare management. Chairman Huang Qihao stated that the transformation is to be accountable to shareholders, and although cross-industry challenges exist, it is a decision that aligns with market changes. The company has been laying out its healthcare strategy since 2022, acquiring the traditional Chinese medicine brand "Ye Kaitai" in 2023, and gradually shifting towards AI healthcare, emphasizing that health is a long-term demand and AI can enhance medical efficiency and service experience</p>

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ChinaAMC SSE Health Care ETF Initiating Fund

Established real estate companies transform into AI medical management, partnering with hotels to provide healthy accommodations. Chairman: Must be accountable to shareholders