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2018 AGM of China Goldjoy Group Limited was successfully held

The 2018 Annual General Meeting (the “AGM”) of China Goldjoy Group Limited (the “Company” and together with its subsidiaries, the “Group”) was successfully held in Island Shangri-La Hong Kong on 11 May 2018. The AGM was chaired by Mr. Yao Jianhui, the Chairman of the Board of Directors of the Company. Mr. Li Minbin and Mr. Zhang Chi, Executive Directors of the Company; Mr. Huang Wei, Non-Executive Director of the Company; Mr. Wong Chun Bong, Professor Lee Kwok On, Matthew and Mr. Lee Kwan Hung, Independent Non-Executive Directors of the Company; Mr. Chan Sai Yan, the Chief Financial Officer & Company Secretary of the Company and the Representative from PricewaterhouseCoopers, an independent auditor of the Company attended the AGM and responded to the questions raised by investors.



The resolutions of the AGM of the Company include: 1) to receive and adopt the audited consolidated financial statements and the reports of the directors and the independent auditor of the Company for the year ended 31 December 2017 (the “Year”); 2) to declare a final dividend of HK$0.51 cent per share for the Year; 3) to re-elect retiring directors of the Company; 4) to authorize the Board of Directors of the Company to fix the remuneration of the directors of the Company; 5) to re-appoint PricewaterhouseCoopers as auditor of the Company and authorize the Board of Directors of the Company to fix its remuneration; 6) to grant a general mandate to the directors of the Company to allot, issue or otherwise deal with the Company’s shares; 7) to grant a general mandate to the directors of the Company to buy back the Company’s shares. As more than 50% of the votes were casted in favour of the above resolutions, they were duly passed as ordinary resolutions of the Company.


In 2017, the Group maintained a sustained growth momentum whereby it attained a steady development and encouraging growth in all of its business segments. For the financial year ended 31 December 2017, the profit attributable to equity holders of the Company increased significantly by 86.3% to approximately HK$869.2 million. (2016: HK$466.6 million). The increase was mainly due to the Group’s gain on bargain purchase of a newly acquired subsidiary and its recognition of sales of completed properties; and an increase in gain from short-term securities investment; and an increase in dividend income. Over the past few years, guided by the principle of “creating long-term value growth for our shareholders” and keeping abreast of the trends of the PRC’s economic restructuring and increase in consumer spending, we have been undergoing strategic transformation, adjusting business structure as well as speeding up the investment in high growth and high value-added business segments.


Looking ahead, the Group is confident about the future business development prospects. The Group will continue to keep abreast of the PRC economic development and actively plan the strategy to grasp the investment opportunities brought about by the economic transformation and upgrade, to strengthen the Group’s future development. The Group will continue to look for suitable investment opportunities in the areas of financial services, high-end manufacturing, environmental protection and energy conservation, new energy and innovative technology industries as well as property investment and development, strengthen strategic partnerships with domestic and foreign partners to grasp the strategic opportunities of the “One Belt and One Road Initiative”, establish a broader business comprising domestic and overseas operations, actively respond to challenges and enhance profitability.

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