Chenxing Development Successfully Held Its 2022 Annual General Meeting of Shareholders
Release date:
May 25,2023
On May 24, 2023, the Annual General Meeting of Shareholders for 2022 of Chenxing Development Holdings Limited ("Chenxing Development", stock code: 2286.HK) was successfully held in the company's conference room.
2023 Year 5 Month 24 Today, Chenxing Development Holdings Limited ("Chenxing Development", stock code: 2286.HK ) 2022 The Annual General Meeting of Shareholders was successfully held in the company’s conference room. Key shareholders and their representatives, along with directors, supervisors, senior management personnel, and a representative appointed by Hong Kong Securities Clearing Company Limited, all attended the meeting. Additionally, Ernst & Young Certified Public Accountants and Fangyuan Corporate Services Group Limited participated remotely via telephone conference call.
The meeting was chaired by Mr. Bai Guohua, Executive Director of the Board. Shareholders attending the meeting carefully listened to each agenda item, deliberated and voted on them, and subsequently discussed—and unanimously approved—the company’s proposals. 2022 Annual audited consolidated financial statements, the Board of Directors' report, and the independent auditor's report, along with several key resolutions including the re-election of retiring directors and the renewal of the engagement with KPMG Hong Kong.
2022 In recent years, amid recurring outbreaks of the novel coronavirus pandemic and a downturn in the real estate sector, many large and medium-sized domestic real estate companies have faced severe debt crises, leading to project stoppages and even corporate bankruptcies. This has triggered a broader credit crisis for real estate firms operating in the market economy, placing China's real estate industry at an unprecedented survival challenge and heightened market risk. Naturally, our company has also been significantly impacted during this period. However, adhering to a cautious approach, we have continuously adapted our corporate development strategies and operational tactics to align with shifting policies and evolving market demands—thanks to which our business performance has managed to maintain steady growth.
2023 This year, our company will continue to adapt to the evolving real estate industry and market dynamics, proactively aligning with new industry policies and shifting market conditions. Our overall strategy will remain centered on prudent management and risk mitigation. At the same time, we will actively explore opportunities in the upmarket residential segment, seizing key growth windows as we deepen our presence in select cities and carefully chosen projects. By fine-tuning our product offerings to navigate industry cycles, we aim to seamlessly transition and optimize our portfolio—ultimately delivering greater value to our customers, shareholders, employees, and society as a whole.
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