CORPORATE GOVERNANCE
Corporate Governance
-0.16  -1.24%
Stock code:600383.SH
  • 30.55

    Turnover (10,000 deals)

  • 3.91

    Amount (100 million yuan)

Up to :2019/03/28 16:08 (HK Time * Quotation is subject to a delay of 15 minutes or more)

Source: Sina Finance

Articles of Association
Guidelines for Corporate Governance
Members of the Board of Directors
Members of the Supervisory Committee
Senior Management
A Letter to Shareholders
  • Ling Ke

    Ling Ke, male, born in December 1959. Mr. Ling is a senior economist. He holds a master’s degree in management engineering from Zhejiang University. Mr. Ling has served various positions in the Company, including the executive vice general manager, the general manager and a director. He is currently the chairman of the ninth session of the Board of Directors of the Company.

  • Huang Juncan

    Huang Juncan, male, born in February 1971. Mr. Huang holds a bachelor’s degree in civil engineering from Tongji University and an EMBA degree in Finance from PBC School of Finance, Tsinghua University. Mr. Huang has served as the deputy manager of the engineering department of the Company, the deputy general manager of Gemdale’s Beijing branch, the general manager of Gemdale’s Shenzhen branch, the employee representative supervisor of the Board of Supervisors, assistant to the President and chief financial officer of the Company. He is currently a Director of the ninth session of the Board of Directors and the President of the Company.

  • Chen Aihong

    Chen Aihong, female, born in November 1970. Ms. Chen is an accountant with a master’s degree and an MBA postgraduate of University of Wales. She has once served as the heads of the finance dept. and the audit dept. of Futian District Investment & Management Corporation of Shenzhen and a supervisor of the board of supervisors of the State Assets Office of Futian District. She is currently the chairman of the board of Shenzhen Futian Investment Holdings Co., Ltd., Shenzhen Futian Fu’an Limited, Shenzhen Futian Fuhua Construction & Development Limited, Shenzhen Futian Fuxing IT Park Limited* (深圳市福田福兴信息技术产业园有限公司) and Shenzhen Futian Fuhe Construction & Development Limited* (深圳市福田福河建设开发有限公司) and a director of Shenzhen New Generation IT Park Investment Limited, Shenzhen Futian Sports Development Limited and Shenzhen Futian Talents Housing Co., Ltd.* (深圳市福田人才安居有限公司). Ms. Chen is a Director of the ninth session of the Board of Directors of the Company.

  • Chen Bi'an

    Chen Bi’an, male, born in June 1962. Mr. Chen holds a master’s degree in engineering from Hunan University and a doctorate in management and engineering from Tianjin University. Mr. Chen is a senior economist. He has once served as our Executive Vice General Manager, Director and Executive Vice President, the Chairman of the fourth session of the Board of Supervisors of the Company, the Chairman of Wuhan Branch of Gemdale Group and the Chairman and General Manager of East China Region subsidiary of Gemdale Group. He is currently a Director of the ninth session of the Board of Directors of the Company and a Senior Vice President.

  • Sun Juyi

    Sun Juyi, male, born in April 1952. Mr. Sun holds a master’s degree in economics from Tianjin University of Finance and Economics. He is a senior accountant. He has once served as a Director, Vice Chairman and Independent Director of the Company. He served as a lecturer in Tianjin University of Finance and Economics from 1982 to 1991, assistant to the director of Shenzhen Zhong Hua Accounting Firm from 1991 to 1994, and deputy general managing and financial controller of Shum Yip Group from 1994 to 2002. From 2002 to 2005, he acted as vice chairman and CFO of the Mission Hills Group. He is currently a Director of the ninth session of the Board of Directors of the Company.

  • Xu Jiajun

    Xu Jiajun, male, born in June 1978. Mr. Xu holds a master’s degree in management from Shanghai University of Finance and Economics. He has consecutively served as deputy general manager of administration dept., Employee Supervisor of the Board of Supervisors and general manager of human resources dept. of Gemdale Corporation.He is currently a Director of the ninth session of the Board of Directors of the Company as well as Senior Vice President, Secretary to the Board of Directors, and Chief Executive Officer of Gemdale Properties and Investment.

  • Lin Shengde

    Lin Shengde, male, born in August 1973. Mr. Lin holds a bachelor’s degree in architectural engineering from Shantou University. He has once served as the assistant to general manager, and successively as the general manager of the contract center, the project manager, person in charge of engineering technology and technician of Shenzhen New Asia Industry Development Co., Ltd. (深圳新亚洲实业发展有限公司), deputy general manager of Property Management Division of Asset Management Center and general manager of the Affairs Executive Division of Sino Life Insurance Co., Ltd. He is currently the general manager of Shenzhen Life Land Development Co., Ltd. (深圳市生命置地发展有限公司), deputy general manager of Asset Management Center of Funde Sino Life Insurance Co., Ltd. as well as a Director of the ninth session of the Board of Directors of the Company.

  • Luo Sheng

    Luo Sheng, male, born in September 1970. Mr. Luo holds a doctorate degree in corporate governance from the Business School of Nankai University. He has successively served as the principal staff member of the Regulation Division under the Policy and Regulation Department, the principal staff member of the Market Analysis Division under the Development and Reform Department, the deputy director and director of the Corporate Governance Division under the Development and Reform Department as well as the deputy director of the Regulation Department of the China Insurance Regulatory Commission. He has also served as an executive director, the executive vice president, secretary to the Board of Directors, and general manager of Shanghai Branch of China Insurance Information Technology Management Co., Ltd., and the deputy director of the Development and Reform Department of China Insurance IT Management Co., Ltd. Mr. Luo is currently the deputy head of the special task forcezsof CBIRC for risk management of Anbang Group and a Director of the ninth session of the Board of Directors of the Company.

  • Wei Chuanjun

    Wei Chuanjun, male, born in October 1968. Mr. Wei holds a bachelor’s degree in economics and an MBA degree from Shanghai University of Finance and Economics. He is a member of the Chinese Institute of Certified Public Accountants and also a fellow member of the Association of Chartered Certified Accountants. Mr. Wei once served as an auditor at Shenzhen Dahua CPA and assistant to the general manager of the finance department of Vanke Group. After joining the Company in 2003, he served as general manager of planning & finance department. He is currently a Director of the ninth session of the Board of Directors, Senior Vice President and Chief Financial Officer of the Company.

  • Chen Jin

    Chen Jin, male, born in January 1968. Mr. Chen holds a doctorate degree in management engineering of the School of Management, Zhejiang University. He once served as a professor at Zhejiang University, as well as the executive deputy director of the Institute of Management Science, vice director of the China Research Center for Innovation & Development, assistant director at the president office, executive deputy director of the Innovation and Sustainable Competitiveness Research Base, director of the Science and Education Development Research Center, deputy dean of the Institute of Public Administration, the executive deputy dean of the undergraduate school and the executive deputy dean of the Chu Kochen Honors College of Zhejiang University. Currently he serves as a professor and doctoral advisor in the School of Economics and Management, the director of Research Center for Technological Innovation in Tsinghua University as well as a member of Standardization Administration of the People’s Republic of China and Ministry of Science and Technology Education Management Committee. He is also the chief editor of “International Journal of Innovation Studies” and “International Journal of Knowledge Management Studies”, executive chief editor of  Tsinghua Business Review” as well as the independent director of Shunfa Hengye Corporation (顺发恒业股份公司), Shanghai Shenqi Pharmaceutical Investment Management Co., Ltd (上海神奇制药投资管理股份有限公司) and Dalian Insulator Group Co., Ltd (大连电瓷集团股份有限公司), and an Independent Director of the ninth session of the Board of Directors of the Company.

  • Wang Tianguang

    Wang Tianguang, male, born in May 1973. Mr. Wang holds a Bachelor of Arts Degree in economics from Peking University. He is a certified accountant and a lawyer. He once served as the deputy commissioner of the listed company supervision department of the CSRC Shenzhen Branch* (深圳证监局上市公司监管处), the general manager of the investment banking division of the Shenzhen Branch of China Galaxy International Securities Co., Ltd. (中国银河证券股份有限公司), the president assistant and the general manager of the investment banking division of Southwest Securities Co., Ltd (西南证券股份有限公司), the vice president of Great Wall Securities Limited (长城证券股份有限公司), general manager of Guangdong Weihua Corporation (广东威华股份有限公司), a director of Sichuan Zinc & Germanium Technology Co., Ltd.* (四环锌锗科技股份有限公司). He is currently the chairman of Guangdong Weihua Corporation, a director of Beihai Guofa Marine Biological Industry Co., Ltd. (北海国发海洋生物产业股份有限公司), and an Independent Director of the ninth session of the Board of Directors of the Company.

  • Hu Yebi

    Hu Yebi, male, born in June 1963. Mr. Hu holds a bachelor’s degree in industrial and electrical automation from Hunan University and a master’s degree in management engineering from Beijing Institute of Technology. He also obatined a master’s degree in business administration from Netherlands International Institute for Management. He once served as the managing director of DBS Asia Finance Co., Ltd. (星展银行亚洲融资有限公司) and the founder and chairman of the board of directors of Partners Capital International Limited. He is currently the founder and chairman of the board of directors of Hong Kong Vision Finance Group Limited, and concurrently serves as a non-executive director of Beijing Sports and Entertainment Industry Group Limited (1803.HK) and an independent non-executive director of China Grand Pharmaceutical and Healthcare Holdings Limited (512.HK), both being Hong Kong listed companies, and an Independent Director of the ninth session of the Board of Directors of the Company.

  • Gu Feng

    Gu Feng, male, born in January 1972. Mr. Gu graduated from Shanghai University of Finance and Economics with a doctor’s degree in management. He is a senior accountant and successively served as a deputy general manager of the finance department of Shanghai Automotive Industry Corporation (Group), a deputy general manager of finance department, an executive director of Capital Operation Department and chief financial officer and executive director of Capital Operation Department of SAIC Motor Corporation Limited. He was the general manager of SAIC Investment Management Co., Ltd. and SAIC Motor HK Investment Ltd., and the chief financial officer of SAIC Motor Corporation Limited. Mr. Gu Feng also served as the vice president of Shanghai Services Federation and Shanghai Accounting Society, a Chinese Certified Public Accountant (CPA), a member of the Association of Chartered Certified Accountants (ACCA) as well as a member of ACCA China Forum. He is currently the co-founder and chief executive director of AIWAYS, and an Independent Director of the ninth session of the Board of Directors of the Company.

  • Loo Cher Wei

    Loo Cher Wei, male, born in March 1979. Mr. Loo obtained a bachelor's degree in accountancy from Nanyang Technological University, Singapore. He once served as an executive director of the commercial real estate department of Standard Chartered Bank Hong Kong, an associate director of real estate group of UBS and also served in the global financial markets department of DBS Bank. Mr. Loo is currently the head of China desk of ARA Asset Management Limited (ARA Group). Mr. Loo concurrently serves as the general manager of Hang Xin Cheng Ji Asset Management Co., Ltd. (航信晟际基金管理有限公司), a RMB fund management platform set up by ARA Group in China, and an Independent Director of the ninth session of the Board of Directors of the Company.

  • Yang Weimin

    Yang Weimin,Male and born in March 1962, Mr. Yang holds a bachelor’s degree from Nanjing Institute of Technology and an MBA from University of Wales College, Newport (Shenzhen). Mr. Yang is a senior engineer and a Certified Commercial Investment Member (“CCIM”). He once served as the vice manager of planning & design department and the manager of the engineering department of the Company, general manager of our Shenzhen Real Estate Unit, general manager and chairman of the Beijing subsidiary of Gemdale Group, and assistant to President of the Company. He is currently the chairman of the ninth session of the Board of Supervisors of the Company.

  • Hu Xiangqun

    Hu Xiangqun, female and born in November 1975. Ms. Hu holds a master’s degree in business administration from South China University of Technology, and is an accountant and economist. She served in Shenzhen Minrun Company (深圳民润公司), Shenzhen Juhua Investment Group Company (深圳钜华投资集团公司) and Shenzhen Baoneng Investment Group Co., Ltd. (深圳市宝能投资集团公司) as a finance officer and Shum Yip Logistics Group Holdings CO, LTD (深圳市深业物流集团公司) and Shenzhen Baoneng Investment Group Co., Ltd. as a financial manager. She currently serves as a director and an assistant general manager of Shenzhen Futian Investment Development Co. (深圳市福田投资控股有限公司), the chairperson of Shenzhen Shengao Project Operation and Management Co., Ltd. (深圳市深高项目运营管理有限公司), a director of Shenzhen Futian Fushing Information Technology Industry Park Co., Ltd. (深圳市福田福兴信息技术产业园有限公司) and Shenzhen Futian Yizhong Co., Ltd. (深圳市福田益众有限公司) and a director and financial officer of Shenzhen Futian Fuhua Construction & Development Limited (深圳市福田福华建设开发有限公司) and Shenzhen Futian Fuhe Construction & Development Limited (深圳市福田福河建设开发有限公司) and concurrently acts as the financial officer of Shenzhen Futian Sports Development Co., Ltd. (深圳市福田体育发展有限公司) and Shenzhen Futian Fu’an Co., Ltd. (深圳市福田福安有限公司) and a Supervisor of the ninth session of the Board of Supervisors of the Company.

  • Xu Qian

    Xu Qian, male and born in October 1980. Mr. Xu holds a doctorate degree in Land Economy from University of Cambridge in the UK. He served in Sino Life Insurance Assets Management. Co., Ltd (生命保险资产管理公司) as an assistant general manager and a general manager of equity investment department, as well as the person-in-charge of international business and researcher of the research department. He also served in Money & Credit Management Department of Central Sub-Branch of the People’s Bank of China in Shenzhen (中国人民银行深圳市中心支行) as senior staff member. Currently, he serves in Funde Sino Life Insurance Co., Ltd (富德生命人寿保险股份有限公司) as an assistant general manager and general manager of asset management center and a Supervisor of the ninth session of the Board of Supervisors of the Company.

  • Xi You

    Xi You, male and born in October 1985. Mr. Xi holds a master’s degree in Finance from Beijing Technology and Business University. He successively served in China Insurance Regulatory Commission Beijing Office as a senior staff member, the principal staff member of Reform and Coordination Division of the Development and Reform Department, and the deputy director of Corporate Governance Department of CBIRC. He currently serves as a member of the designated working group of the China Banking and Insurance Regulatory Commission for Anbang Insurance Group, and a Supervisor of the ninth session of the Board of Supervisors of the Company.

  • Wang Yong

    Wang Yong, Male and born in November 1972, Mr. Wang holds a master’s degree in engineering from Tsinghua University. Mr. Wang joined Gemdale Group in 1997, and served as deputy general manager of Gemdale Real Estate Co., Ltd., deputy general manager (in charge of daily routines) of brand management department of Gemdale Group, marketing director, deputy general manager and general manager of Shenzhen Real Estate Company, general manager of operation & management department, general manager of strategic management department, and the chairman and general manager of the Southeast Region subsidiary of Gemdale Group. He is currently an Employee Representative Supervisor of the ninth session of the Board of Supervisors of the Company and an assistant president of the Company.

  • Yan Jiarong

    Yan Jiarong, Male and born in October 1963, Mr. Yan holds a master’s degree in management from Huazhong University of Science and Technology and is a senior economist. Mr. Yan once served as vice general manager of Monkey King Group, general manager of Shenzhen Kaiwu Technology Co., Ltd., deputy general manager of Gemdale Property Management Co., Ltd., head of the GM Office of Gemdale Group, deputy general manager of Beijing subsidiary of Gemdale Group, chairman and general manager of Wuhan subsidiary of Gemdale Group and chairman,general manager andassistant to President of Beijing subsidiary of Gemdale Group as well as the chairman and general manager of Central China Region subsidiary of Gemdale Group. He is currently a Senior Vice President of the Company.

  • Chen Changchun

    Chen Changchun,Male and born in January 1967, Mr. Chen studied at Zhejiang University from 1984 to 1993 and holds a doctorate degree in engineering from Zhejiang University. He consecutively served as director and vice president of Gemdale Group, executive director and president of Verakin Group, general manager of Beijing Challengene Real Estate Investment Company Limited* (北京前景置地投资有限公司), and executive director and president of Beijing EnsenCare Holdings Co., Ltd.* (北京安信颐和控股有限公司), a subsidiary of Legend Holdings. He is currently a Senior Vice President of the Company and the chairman and general manager of the North China Region subsidiary of Gemdale Group.

  • Zhang Xiaofeng

    Zhang Xiaofeng,Male and born in August 1970, Mr. Zhang holds an EMBA degree from China-Europe International Business School and a bachelor’s degree from Beijing Normal University. After joining Gemdale Group in 1997, he served successively as deputy manager of building materials department, development director and assistant to the general manager of Shanghai subsidiary of Gemdale Group, chairman of Gemdale Property Management Co., Ltd., chairman and general manager of Shenyang subsidiary of Gemdale Group and chairman and general manager of the North China Region subsidiary of Gemdale Group. He is currently a Vice President of the Company and chairman of the South China Region subsidiary of Gemdale Group.

  • Yang Kan

    Yang Kan,Male and born in October 1965, Mr. Yang obtained a master’s degree in management from Zhejiang University and a bachelor’s degree in civil engineering from Dalian University of Technology. From 1996 to 2005, he had served in the Company as the general manager of Gemdale Hotel* (金地宾馆), assistant to the general manager of the project development department, deputy general manager of the corporate development department and general manager of the operation and management department, respectively, of the Group. He joined GoldTech Group as a vice president and served in Jingrui Group* (景瑞集团) as a director and senior vice president. He is currently a Vice President of the Company and chairman and general manager of the East China Region subsidiary of Gemdale Group.

  • Hao Yibin

    Hao Yibin, Male and born in November 1972, Mr. Hao obtained a bachelor’s degree in construction management from Tsinghua University. He joined Gemdale Group in July 2003 and served successively as a managing deputy general manager of the North China Region subsidiary of Gemdale Group and a general project manager of Gemdale Center of North China Region of Gemdale Group, a managing deputy general manager of the North China Region subsidiary of Gemdale Group and a general manager of Tianjin subsidiary of Gemdale Group and assistant president of the Company, a Vice President of the Company and chairman of the West  China Region and southeast China Region. He is currently a Vice President of the Company and chairman of the Northeast China Region subsidiary of Gemdale Group.

  • Wang Nan

    Wang Nan,Male and born in January 1972, Mr. Wang holds a master’s degree in business administration from Peking University and a bachelor’s degree in management engineering from Northeastern University. He joined Gemdale Group in April 2002 and served successively as the marketing director of Wuhan subsidiary and Shanghai subsidiary, the general manager of Hangzhou branch of Shanghai subsidiary, the vice general manager of the East China Region subsidiary and the strategic director of Gemdale Group. He is currently a Vice President of the Company.

The global economy encounters an intricate situation in 2018. As the tide of international anti-globalization rises, the gradual withdrawal of quantitative easing by the US has caused pressure and turbulence on global finance and asset prices; the domestic economy shifts from rapid growth to high-quality slow growth; structural contradictions in economic growth and industrial transformation have further aggravated the pains of China’s economy in 2018, and the economy is facing increasing downward pressure. The previous high-speed growth model has accumulated high debt problems for China’s economy, making financial risk prevention the main keynote of macro regulation in 2018.

The pressure brought by the macroeconomic situation is obvious in the real estate industry. The regulation target shifts from suppressing the asset bubble to resolutely curbing the rise in housing prices. The real estate regulation policies of various regions were released in the fourth quarter of 2016, and continuously strengthened and upgraded in 2018. As a result, the real estate market changed from the cold and hot inequality in the first half of 2018 to the downward trend in the second half of the year and continued to spread.

In the face of such a complex external environment, we actively responded and sprinted to ensure the quality growth of scale of the company. During the reporting period, the company’s sales volume reached a record high of 162.3 billion yuan, a year-on-year increase of 15%, and a compound growth rate of 38% in the past three years, further consolidating its position in the industry. In terms of land investment, the company accurately grasps the investment rhythm and investment method, newly developing 7 provincial capitals, 1 city specifically designated in the state plan, and 2 metropolitan radiation cities, with 80 investment projects, and newly added land reserves of 10.68 million square meters, thereby laying the solid foundation for the scale steady growth. By the end of 2018, the company has run business in 7 major regions and 50 cities in China. In the future, the company will continue to study macroeconomic trends in depth, strengthen the grasp of cyclical rotation, and further deepen the investment layout to help the company grow in scale.

During the reporting period, we continued to maintain a sound financial level. By making full use of various financing channels, we had a low-cost financing of only 4.87%. At the end of the year, the company’s monetary fund surplus was about 44 billion yuan, up 60% from 2017. While ensuring the overall scale growth, we gave a consideration to risk control. In 2018, the net debt ratio was as low as 58%, significantly lower than the industry average. In terms of product research and development, we keep leading the industry and making breakthrough, including the iterative upgrade of the eighth product “China Chic” 2.0 products and the perfect presentation of the ninth product “Colorful-center” series, which have been implemented in 5 cities, to form the exquisite product brand with a unique architectural aesthetics. At the same time, the company’s comprehensive management capabilities, financial management, information construction and cost management are also increasing.

In 2018, we accelerated to explore various new businesses according to the plan, with fruitful results: Gemdale Management has a good start in its business, signing more than 3 million square meters of projects in total; the industrial real estate realized cross-regional distribution in investment and operation; four schools have been in operation in the education sector, showing a good business synergy with the main business; the Internet home decoration business were implemented in 7 cities, with continuously increased scale; Gemdale successfully won the right to host the 2019-2028 WTA Finals on behalf of Shenzhen in sports, and the contracted players also won the excellent results in Grand Slam; long-term rental apartments, equity investment and other aspects also harvested good results.

In the complex market, we always adhere to the balanced development between the scale and efficiency, and are committed to providing shareholders with a sustained and stable return on investment. In the context of the overall decline in profitability of the industry in 2018, Gemdale truly had a scale growth: we created an equity net profit of about 11.74 billion yuan, an equity sales gross profit margin of 33.9%, and an equity sales net profit margin of 15.5%, which are all above the industry average.

In 2019, China’s economy will experience “some changes in stability and some worries in change”. Although the goal of real estate regulation policy is to establish a long-term regulation mechanism for the real estate market, there are still many uncertain risks in the real estate market under the differentiation policy background of “one city and one policy”, “strengthening the responsibility of local governments”. In such a business environment, we should continue to follow the balanced development concept, and pursue scale from investment distribution and benefit from management operations, to continuously improve investment quality and operational efficiency, and to achieve sustained and steady growth in scale and profit.

We must take scientific foresight as the guide to do better in investment, grasp the correlation between macro economy, regional economy and investment rhythm, strengthen the research and judgment of macro situation and macro economy, the basic research of trend; obtain the land more through composite real estate; further optimize the communication and linkage among the group, regions and cities. What’s more, we must maintain a balance between scale and efficiency, focus on strengthening financial financing capabilities, improving cash flow management, consolidating operations and control systems, and appropriately increasing the holding assets.

We should build industry-leading products and construction systems. Committed to promoting the Science of Living, we pay attention to the scientific combination of cutting-edge intelligent technology and intelligent human habitation to further improve the product design; explore new construction modes and new decoration modes to strengthen the project management; focus on the deep integration of advanced technology such as Internet of Things and construction industry to upgrade the level of industrialization and informationization; further improve the operation and management capabilities of regional companies to enhance the competitiveness of urban companies.

Moreover, we must continue to implement the “One Body Two Wings” strategy and deepen the development of diversification and internationalization. Efforts should be also made by doing better in commercial real estate and industrial real estate, strengthening investment, management and operation capabilities, further expanding emerging industries such as science parks, trying asset-light management; deepening and expanding the combination of real estate and finance, learning mature market experience, integrating real estate finance, asset management and asset operation business, expanding asset management scale and asset management categories. It is also necessary to expand multidirectional consumption upgrade business, to create an innovative industry sector that operates independently and effectively integrates with residential and commercial businesses. At the same time, in a planned and step-by-step way, we need to explore and practice in the fields of medical care, old-age care, cultural tourism, sports industry, education, home life and other industries.

Gemdale has gone through a glorious history of thirty years. Over the past 30 years, Gemdale has embarked on a unique path that is not tempted by cyclical interests, and not coerced by blind expansion, and adheres to balanced development. Standing at a new historical starting point, we thank the times for the historical mission and opportunities, and thank all shareholders for their support and trust. We are firmly and unswervingly determined to continue to make the Gemdale business bigger and stronger. We hope that all shareholders can share the dream and work together to open a new journey of second venture!

Chairman: LING Ke
April 30, 2019
Investors are welcome to consult.

Address: 32/F, Gemdale Center , No. 2007 Shennan Boulevard, Gangxia Community, Futian Sub--district, Futian District, Shenzhen

Tel: 86-755-82039999    0755-82039509

Fax: 86-755-82039900

E-mail:IR@gemdale.com    Postcode:518026

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