Guo Yizhi, president of Urban Development (CDL) Group, thanked his father Guo Lingming for ending the legal action and ending the turbulent internal struggles in the enterprise.

Guo Yizhi attended the inauguration ceremony of the 62nd Board of Directors of the Chinese General Chamber of Commerce in Singapore on Saturday (March 15). In an exclusive interview with Lianhe Zaobao, he said in Chinese: “I am very grateful that the lawsuit was finally cancelled.”

Guo Yizhi was unwilling to have a deep discussion on recent events, but he said he knew that all shareholders were very concerned about the group's future development. He said: “We will give shareholders an explanation, which is the responsibility we should bear.”

Guo Yizhi is the new director of the 62nd Board of Directors of the General Chamber of Commerce. Before that, he served as a director at the General Chamber of Commerce for nine years, but voluntarily demanded to withdraw from the 61st term of director.

“I didn't participate in the last session. I asked the Chamber of Commerce to withdraw because I wanted to focus on investment in China. At that time, there was a problem with our investment in China Xiexin Yuanchuang.”

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After returning to the General Chamber of Commerce, Guo Yizhi hopes to continue to give back to the society. “I am looking forward to it and honored to be back to the General Chamber of Commerce. I am looking forward to working with everyone.”

According to the observations of those attending the inauguration ceremony, Guo Yizhi looked relaxed and chatted and laughed at the tea party after the ceremony. Many participants also took the initiative to greet Guo Yizhi and gave encouragement and encouragement.

On February 26, Urban Development Executive Chairman Guo Lingming issued a statement, publicly saying that his eldest son and group president Guo Yizhi attempted to seize power, and the fuse was the appointment of two new directors. Guo Lingming and several directors also took legal action to prevent the relevant directors from exercising their powers.

Guo Lingming issued a statement on the evening of Wednesday (12th), deciding to terminate the previous legal actions and announced that all directors agreed to let go of differences for the company. He will continue to serve as executive chairman himself, and Guo Yizhi will continue to serve as the group president.