Chinese leader Xi Jinping will reportedly skip an upcoming summit to mark 50 years of diplomatic relations between the European Union and Beijing.

Xi is likely to meet a select group of foreign chief executives days after the summit, which could include European and British CEOs, said one source, adding that the timing and the list of attendees could still change.

Global CEOs including Qualcomm Inc.’s Cristiano Amon and Saudi Aramco’s Amin Nasser will travel to Beijing for an annual gathering of top executives, people familiar with the matter say, with some expected to meet President Xi Jinping and other top leaders.

President Xi plans to meet with Qualcomm and Saudi Aramco CEOs following this year’s China Development Forum, according to media reports.