Daughter Leaves Board Of Golden Eagle Billionaire’s Listed Flagship

Janice Wang, the daughter of Golden Eagle Retail Group billionaire chairman Roger Wang, has left the board of the directors of his flagship listed business, according to a Hong Kong Stock Exchange filing today.

“Following Ms. Wang’s appointment as the vice chairwoman of Nanjing Golden Eagle International Group Co., Ltd., a fellow subsidiary of the company which is principally engaged in the businesses of property development, property investment and investment holding, on 25 June 2021, Ms. Wang tendered her resignation as an executive director of the company with effect from the same date,” the company said in a statement. “However, Ms. Wang will remain as a member of the company’s chairman office and will continue assisting in the group’s brand building and strategic diversifications and developments.”

Janice Wang, 37, joined the board in 2017. She holds a degree from UCLA. Hans Hendrik Marie Diederen, who had also been an executive director, departed from the board in May after he didn’t offer himself for re-election at the annual meeting.

Roger Wang, a U.S. citizen, holds a fortune worth $3.7 billion on the Forbes Real-Time Billionaires List today. The Chinese native grew up in Taiwan and came to the U.S. in pursuit of an M.B.A. in 1970, before later focusing his business on mainland China.

Golden Eagle’s net profit in 2020 rose by 32% to 1.5 billion yuan, on sales of 5.6 billion yuan. The company has 31 department stores and lifestyle centers, mostly in eastern China.

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