Jiayuan International held an investor luncheon to take the initiative to respond to recent stock price changes

2019-01-21


On January 21, 2019, Jiayuan International Holdings Co., Ltd. (hereinafter referred to as the Group) held an investor luncheon at the Peninsula Hong Kong. Mr. Shen Tianqing, Chairman of the Group, Mr. Huang Fuqing, Vice Chairman, Chief Executive Officer and Executive Director Ms. Zhuo Xiaonan Mr. Wang Jianfeng, Executive Director, Mr. Huang Weilang, Chief Financial Officer, Dr. Zhang Huibin, Independent Non-Executive Director, Mr. Dai Guoliang, Independent Non-Executive Director, and Mr. Gu Yunchang, Independent Non-Executive Director, attended the meeting and exchanged views with more than 150 investors. The malicious short selling of investment institutions led to a sharp fall in stock prices.

Chairman Shen pointed out at the meeting: "The reason for the decline in stock prices is that the short-selling institutions use public opinion to publish false news and mislead investors in order to fish in troubled waters. They are mainly accused of having two totals of 3.5. The $100 million senior notes were not repaid on the maturity date, and secondly, they used the wrong list of Sina Leju Finance’s "2018 Top 100 Real Estate Sales Growth List" from the media to fabricate false news to damage the company's reputation." During the period, Chairman Shen reiterated that the stock price decline has nothing to do with the Group's operating conditions, and stressed that the Group's current business development is very good and its financial position is quite stable.

In fact, the group immediately issued a statement on the same day confirming that the $350 million senior notes issued in 2018 had been fully repaid before the rumors appeared, and many media have already reported this immediately. Chief Executive Officer Zhuo Xiaonan added: "As of December 31, 2018, Jiayuan International's 2018 contracted sales amounted to approximately RMB 20.2 billion, a year-on-year increase of 95%. At the same time, the Group actively expanded its land bank through mergers and acquisitions. In the open market, bidding, cooperation and development, etc., a total of 14 projects were acquired, and the newly acquired land bank has a construction area of ​​about 3.7 million square meters.” Since its listing on March 8, 2016, the group has been in the short period of more than two years. Incorporating multiple index constituent stocks and successfully integrating with the international capital market, the results are obvious to all.

During the meeting, when the investor asked the stock position of the major shareholder, Chairman Shen said that as of the close of January 18, the status of its controlling shareholder has not wavered, and it is still the controlling shareholder, and will not continue to pass the injection of quality assets in the future. The increase in the secondary market and the exercise of the repurchase of the company's stocks and other measures to enhance the possibility of holding shares to reflect the firm confidence in the future development of the group.

The Group currently has more than 9.8 million square meters of land, which is sufficient for future development needs in the next three to five years. Finally, the Group believes that with the strong support of major shareholders in the future, it will continue to move forward steadily towards a better future and create better returns for investors.