Chenxing Development's Annual General Meeting Successfully Held
Release date:
Jun 23,2020
At 10:00 a.m. on May 29, 2020, the Annual General Meeting of Shareholders for 2019 of Chenxing Development Holdings Limited (stock code: 2286.HK) was held as scheduled in the conference room on the 6th floor of the Chenxing Development Building, located at the company’s headquarters in Jinzhong, Shanxi Province. Key shareholder representatives Mr. Bai Xuankui, Mr. Bai Wukui, Mr. Bai Guohua, and Mr. Dong Shiguang, along with independent non-executive directors and senior executives of the listed company, attended the meeting. Additionally, representatives from Hong Kong Securities Clearing Company Limited, Ernst & Young Accounting Firm, and Fangyuan Enterprise Service Group Limited participated either in person or via remote telephone conferencing.
2020 Year 5 Month 29 On Monday morning 10 At the time, Chenxing Development Holdings Limited (stock code: 2286.HK ) 2019 The Annual General Meeting of Shareholders was held at the Chenxing Development Building, headquarters in Jinzhong, Shanxi. 6 The tiered conference room convened as scheduled. Representatives from the major shareholders of the listed company—Mr. Bai Xuankui, Mr. Bai Wukui, Mr. Bai Guohua, and Mr. Dong Shiguang—as well as the company’s independent non-executive directors and senior executives, all attended the meeting. Additionally, representatives from Hong Kong Securities Clearing Company Limited, Ernst & Young Accounting Firm, and Fangyuan Enterprise Service Group Limited either sent delegates or joined remotely via telephone conference.
This general meeting was chaired by Mr. Bai Guohua, the representative of the majority shareholder. Shareholders in attendance carefully listened to each proposal, deliberated on them, and proceeded to vote, ultimately discussing and approving the company’s… 2019 "Annual Audited Consolidated Financial Statements," 2019 "Annual Board Report," 2019 "Annual Independent Auditor's Report," along with several key resolutions, including the re-election of retiring directors and the renewal of the engagement with Ernst & Young Accounting Firm.
2019 This year, the company achieved total contracted sales of approximately 21.4 Hundreds of millions of yuan, achieving sales revenue of approximately 13.1 Hundreds of millions of yuan, representing an increase of approximately [amount] compared to the same period last year. 15.2% And 22.8% Achieve a gross profit of approximately 3.5 Hundreds of millions of yuan, with net profits of approximately 1.15 Hundreds of millions of yuan, with basic earnings per share of approximately 0.18 Yuan, at the end of the reporting period, held land reserves with a total gross floor area of approximately 296 Ten thousand square meters.
2020 This year, the company will align with policy directions and make adjustments once again. Refine the overall business strategy, deeply develop existing projects, and accelerate cash flow generation. Focus on enhancing the company's management structure, streamlining the management system and workflow processes, and proactively adapting to market changes by strengthening the company's core competencies.
In terms of industrial structure, the company will focus on promoting the development of the cultural and tourism industries, collaborating with high-quality brand enterprises to accelerate the transformation and upgrading of its business portfolio. At the same time, the company will provide key support and assistance to companies such as Changzhi Xicheng Construction and Chenxing Jinglong Decoration, while encouraging newly established firms to rapidly grow and integrate into the company’s broader strategic development plan.
Going forward, Chenxing Development will continue to align its strategic planning objectives with real-world needs, strengthening its core business while further leveraging its competitive advantages to drive ongoing industrial transformation and upgrades. Committed to becoming a "health and lifestyle service provider," the company is determined to forge a development path uniquely tailored to Chenxing's strengths and vision.
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