Chenxing Development Successfully Holds 2024 Annual Shareholders' Meeting
Release date:
Jun 05,2025
On May 30, 2025, the 2024 Annual General Meeting of Chenxing Development Holdings Limited ("Chenxing Development", stock code: 2286.HK) was successfully held in the company’s conference room, combining both on-site and remote video participation.
2025 Year 5 Month 30 Today, Chenxing Development Holdings Limited ("Chenxing Development", stock code: 2286.HK ) 2024 The annual general meeting was successfully held in the company's conference room, combining both on-site participation and remote video conferencing. Key shareholders and their representatives, the Chairman of the Board, executive directors, independent non-executive directors, senior management team members, a representative appointed by The Hong Kong Securities Clearing Company Limited, as well as representatives from KPMG Hong Kong and Fangyuan Corporate Services Group (Hong Kong) Limited, attended the meeting.
This meeting was chaired by Mr. Bai Guohua, Executive Director of the Board. Shareholders in attendance carefully listened to each agenda item, deliberated on them, and proceeded to vote—resulting in the company’s unanimous approval with a strong majority of votes. 2024 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 re-appointment of KPMG Peat Marwick as the company's auditor.
2024 This year, the company has proactively responded to industry changes. Despite being impacted by the broader market environment and facing significant challenges in sales performance, under the leadership of the Board of Directors and senior management, the company promptly adjusted its business strategies, further refined its operational structure, streamlined and consolidated non-core projects, and even divested certain non-priority assets to ease financial pressures. These measures have helped maintain stable operations while laying a solid foundation for the company’s sustainable growth and long-term success.
2025 This year, the company will adapt to market changes by continuing to focus on two key strategic priorities: reducing inventory and expanding into the premium housing segment. We’ll optimize our product portfolio to enhance competitiveness and deliver superior offerings to customers. Staying aligned with evolving policy directions, we’ll promptly adjust our business strategies, accelerate sales revenue collection, unlock value from existing assets, and divest underperforming projects—thereby mitigating operational risks. At the same time, we’ll actively explore diversified financing channels and forge strategic partnerships to strengthen the stability of our capital structure. By pursuing industry consolidation and operational excellence, we aim to seize emerging market opportunities, ensuring steady growth and ultimately delivering greater value to both shareholders and customers.
Keywords:
