On 19 October 2016, China Goldjoy Group Limited successfully conducted an Extraordinary General Meeting (“EGM”) at Admiralty Centre, 18 Harcourt Road, Hong Kong. The meeting was chaired by Mr. Li Minbin, the Executive Director of the Company. Mr. Feng Huiming (Executive Director), Mr. Wong Chun Bong (Independent Non-executive Director), Mr. Lee Kwan Hung (Independent Non-executive Director), and Ms. Kwok Ling Yee, Pearl Elizabeth (Company Secretary and Chief Financial Officer) attended the EGM and responded to the questions raised by the investors.

The ordinary resolution that approving, confirming and ratifying the Sale and Purchase Agreement dated 13 September 2016 entered into between Heshan World Fair Electronics Technology Limited, an indirect wholly-owned subsidiary of the Company, and He Fei Baoneng Real Estate Development Co., Ltd., and all the transactions contemplated thereunder, was raised on the EGM for consideration and vote. The above resolution was duly passed as ordinary resolution with 98.04% of the votes were casting in favour.

China Goldjoy has been actively implementing its diversified development strategy in recent years. Investing and developing quality properties will become one of the Group’s core businesses in the future. The Group intends to explore property investment opportunities in core areas and regions with high potential for development in China, so as to capture the opportunities arising from the flourishing real estate market.