Chenxing Development's Annual General Meeting Successfully Held
Release date:
Jun 10,2019
At 10:00 a.m. on May 31, 2019, the Annual General Meeting of Shareholders for 2018 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 at the company’s headquarters in Jinzhong, Shanxi Province.
2019 Year 5 Month 31 On Monday morning 10 At the time, Chenxing Development Holdings Limited (stock code 2286.HK ) 2018 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 Central Securities Depository Limited, Ernst & Young Accounting Firm, and Fangyuan Enterprise Service Group Limited were also delegated to participate.
This meeting was chaired by Mr. Bai Guohua, the representative of the majority shareholder. Shareholders in attendance carefully listened to each agenda item, deliberated on them, and proceeded to vote. The meeting then discussed and approved the company’s document, “ 2018 "Annual Audited Consolidated Financial Statements," 2018 Several key resolutions were approved, including the Annual Independent Auditor’s Report, the re-election of retiring directors, and the renewal of the engagement with Ernst & Young Accounting Firm.
2018 Throughout the year, the company maintained strong business performance and a healthy debt structure, achieving total contracted sales for the entire year. 18.6 Hundreds of millions of yuan in sales revenue achieved 10.6 Hundreds of millions of yuan, achieving gross profit 3.7 Hundreds of millions of yuan, net profit 1.3 Hundreds of millions of yuan, with earnings per share for the reporting period at 0.25 Yuan, at the end of the reporting period, held land reserves with a total gross floor area of 288 Ten thousand square meters.
At 2019 This year, the company will remain steadfast. “ Health and Wellness Service Provider ” The strategic direction for development, with “ Quality first, with due consideration for other factors. ” As a guiding principle, we are committed to continuously upgrading product quality and systematically enhancing customer satisfaction, enabling the cultural tourism, health & wellness, and industrial sectors to steadily thrive and achieve our overarching goal of sustained growth in overall performance. Moving forward, the company will adopt more effective strategies to highlight the critical role of health in the real estate and construction industries, ultimately delivering value that resonates with our users. “ The Age of Healthy Living ”。
In terms of operations and management, the company will continue to stay committed. “ Rooted in Shanxi, expanding nationwide ” Our strategic vision is to deepen our presence in regional markets such as Jinzhong and Taiyuan, while actively expanding into national markets like Hainan and Yunnan. We will continue to intensify our efforts in the cultural and tourism industries, creating more opportunities for the company to secure high-return projects. At the same time, we will maintain strong collaboration with upstream and downstream industry players, further broadening our supply chain. By strengthening partnerships with strategic allies, we aim to steadily enhance the company’s overall resilience against risks and elevate its profitability.
This year's Annual General Meeting further clarified the company’s strategic direction, playing a positive and supportive role in driving the enterprise toward steady growth. We are confident that, under the wise leadership of the company’s Board of Directors and guided by the experienced management team, Chenxing Development will continue to deliver strong business performance while maintaining sustainable, stable, and healthy progress ahead!
Keywords:
