Grandjoy subsidiary Joy City Property delists from HKEX after buyback

Grandjoy Holdings Group announced today that the scheme of arrangement for its controlled subsidiary, Joy City Property Limited, has become effective, leading to its delisting from the Hong Kong Stock Exchange. The proposal was approved during the 20th meeting of the 11th Board of Directors on July 31, 2025.

Under the scheme, Joy City Property initiated a buyback and cancellation of shares held by shareholders other than Grandjoy Holdings Group and Demao Limited. All conditions for this scheme became effective on November 25, 2025 (Bermuda time).

Joy City Property's listing on the Hong Kong Stock Exchange is expected to be withdrawn from 4:00 PM on November 27, 2025. Investors are advised to refer to related announcements on the HKEXnews website for further details and to exercise caution regarding investment risks.