Grandjoy subsidiary delists from HKEX after share repurchase

Grandjoy Holdings Group Company Limited announced the completion of its controlled subsidiary, Joy City Property Limited, repurchasing shares and applying for delisting from the Hong Kong Stock Exchange. The scheme, approved by Grandjoy's board on July 31, 2025, involved Joy City Property repurchasing and canceling shares held by shareholders other than Grandjoy and De Mao Limited.

The scheme became effective on November 25, 2025 (Bermuda time), with all conditions fulfilled. Joy City Property Limited's listing status on the Hong Kong Stock Exchange is expected to be withdrawn from 4:00 PM on November 27, 2025.

Further details of the delisting process were previously disclosed by Grandjoy on August 1, 2025, and by Joy City Property on the HKEXnews website. Investors are advised to exercise caution and conduct rational investment decisions.