August 8, 2025, - Vailog Group is pleased to announce the appointment of Mr. Leo Xu as Chief Executive Officer (CEO) of Vailog China, effective August 08, 2025. In his new role, Mr. Xu will be responsible for overseeing the company’s daily operations and driving its strategic initiatives. Mr. Walter Qian, the former CEO, will take up the role of Chairman of Vailog China, continuing to provide guidance and support for the company’s development from a strategic level.

Having been with the company since 2008, Mr. Leo Xu is one of the founding members of Vailog China. Over the past decade, he has played an integral role in the company’s growth and development. With extensive experience in the logistics real estate sector and strong market insights, Mr. Xu has demonstrated strong leadership and professional acumen. His achievements in business expansion and team management have been instrumental in Vailog China’s growth. We are confident that under his leadership, Vailog China is expected to reach new heights.

During Mr. Walter Qian’s tenure as CEO, he led Vailog China’s steady and rapid growth with forward-looking strategic vision and outstanding leadership. Vailog China has established a solid presence in multiple key cities across China, with a total investment footprint exceeding 5 million square meters. Under his leadership, Vailog China has built a robust and far-reaching platform and established a strong brand presence in the market. As Chairman, Mr. Qian will continue to leverage his extensive experience and deep insight to safeguard the future development of Vailog China.

This leadership appointment reflects Vailog Group’s strategic planning and evolving business priorities. It aims at further enhancing the organizational structure and supporting Vailog China’s sustainable, stable, and high-quality development. We are confident that, under the new leadership team, Vailog China will embark on a new chapter of growth and continue to deliver greater value to our clients, shareholders, and partners.