Jiayuan International held the 2018 special general meeting to clearly enter the Shanghai area


On August 10, 2018, the Jiayuan International EGM was successfully held at the Four Seasons Hotel in Hong Kong. Mr. Huang Fuqing, Vice Chairman and Executive Director of the Board of Directors, served as the chairman of the meeting, and was chaired by Ms. Zhuo Xiaonan, Chief Executive Officer and Executive Director. Mr. Dai Guoliang, an independent non-executive Director, and Dr. Zhang Huibin, an independent non-executive Director, participated in the meeting. 

The Proposal of the Disposal of the Shares was entered into by the Company on 5 June 20, 2017. The Company has conditionally agreed to acquire and Mr. Shen has conditionally agreed to sell the Shares. 

The Group believes that this transaction will provide a good foundation for the future entry into the Shanghai real estate market and will play a positive role in consolidating the influence of the Jiayuan brand in the Yangtze River Delta Economic Zone, helping to achieve the strategy of “based on Shanghai and radiating surrounding cities”. The objective is to further expand the Group's land bank in China.