Jinke Property Group to amend articles, cut capital, re-elect board

Jinke Property Group is set to hold an extraordinary general meeting on October 16, 2025, to approve comprehensive revisions to its articles of association, aimed at enhancing corporate governance and operational efficiency. These changes follow a decision to cancel repurchased public shares, which will reduce the company's total share capital from 10,634,081,632 shares to 10,588,731,632 shares. The board also proposed the re-election of six non-independent and three independent directors for its twelfth board of directors.

The proposed amendments include changes to shareholder rights, board structure, and the establishment of new committees, such as an ESG (Environmental, Social, and Governance) committee, to enhance strategic development. The company also disclosed that its subsidiary, Nanning Xincheng Jinhong Real Estate Development Co. Ltd., is facing a significant lawsuit totaling 664 million yuan, currently in the enforcement phase, which will be accounted for according to relevant accounting standards.

Separately, Jinke Property Group reported additional litigation and arbitration cases amounting to 3.495 billion yuan, representing 12.18% of its latest audited net assets. Some of these cases are in the enforcement phase, and the company intends to seek suspensions where appropriate, particularly for cases involving Chongqing Jinke Real Estate Development Co. Ltd. due to its ongoing judicial restructuring.