Greentown Service Group director resigns amid share buyback

Greentown Service Group Co. Ltd. announced the resignation of Li Hairong as a non-executive director, effective December 9, 2025. Ms. Li, 68, is stepping down to focus on personal business developments after assisting the group’s management in succession planning. She joined the group in October 1998, previously served as chairman and executive director, and is a substantial shareholder. Following her resignation, the board will comprise 9 directors: 2 executive, 3 non-executive, and 4 independent non-executive directors.

The company concurrently disclosed a share repurchase on December 9, 2025, buying back 430,000 ordinary shares on the Exchange at an aggregate price of HK$1,880,734.35, with prices ranging from HK$4.35 to HK$4.43 per share. This repurchase, made under a mandate granted on June 20, 2025, increased the number of treasury shares to 7,664,000.

As of December 9, 2025, the total number of issued shares remains 3,152,673,468, with the number of issued shares (excluding treasury shares) now at 3,145,009,468. The repurchase represents 0.2438% of the issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate.