Jiayuan International 2018 Annual General Meeting Held in Hong Kong


On the morning of June 13, Jiayuan International Holdings Co., Ltd. (hereinafter referred to as the group, stock code: 2768) held its 2017 annual general meeting in Hong Kong. Chairman of the Board of Directors Shen Tianqing, Vice Chairman Huang Fuqing, Executive Director Wang Jianfeng and relevant senior management, and Deloitte's accountant representatives attended the meeting. The Group Chief Executive Officer and Executive Director Zhuo Xiaonan presided over the meeting to report to the shareholders on the Group's operating performance in 2017 and the coming year. And reviewed and approved 7 resolutions of the company’s board of directors, annual report and audited financial report in 2017. Finally, all resolutions were approved by the general meeting of shareholders at the majority rate.

The shareholders attending the meeting affirmed the excellent results achieved by the Group in 2017 and placed high expectations on the company's development in the coming year. Talking about the tightening of relevant policies in the Mainland market, the chairman of the board of directors Shen Tianqing said: "The mainland property market needs to continue. The central government's strict supervision of real estate investment will lead the market towards a healthier direction. Even if credit tightens, the real estate market will be tightened. It will not cause much impact.” While the Group has continued to expand its business scale in the past year, it has not forgotten the pursuit of operating quality. The implementation of quality is the core value of the truth. As of the end of 2017, the Group's annual revenue was approximately RMB 6.95 billion, an increase of 87.7% year-on-year, with a gross margin of 34.5%. The compound growth rate of contracted sales in the past three years exceeded 50%, which is obvious to all.

Zhuo Xiaonan, Group Chief Executive Officer, received media questions after the meeting and answered reporters on related issues such as company development, land acquisition strategies, and fund-raising plans. He said that the Group has successfully entered the Guangdong, Hong Kong, and Macau Gulf region in the past year as it continued to plunge into Jiangsu Province. And other key provinces and cities such as Shenzhen, Jiangmen, Macau, Hong Kong and Guiyang, as well as developing high-quality projects in countries along the “One Belt and One Road” such as Cambodia and Vietnam, further expanding the Group’s land bank; The sales volume is better than expected, and it is expected that the annual sales growth will exceed the original target of 25%, and frankly does not rule out raising funds through other channels to strengthen the financial strength of the group. Finally, thanks to all circles for their trust and support in Jiayuan International, the Group will surely be able to recreate its achievements and reward investors in the future.