Grandjoy Property delists from HKEx following share repurchase scheme

Grandjoy Property Co., Ltd. successfully completed a scheme of arrangement to repurchase and cancel shares held by shareholders other than Grandjoy Holdings Group and Demao Co., Ltd. The scheme also included an application to withdraw its listing status from the Hong Kong Stock Exchange.

The scheme became effective on November 25, 2025 (Bermuda time), with all conditions met. Grandjoy Property's shares are scheduled to be delisted from the Hong Kong Stock Exchange starting at 4:00 PM on November 27, 2025.

Citic Securities Co., Ltd., as the bond trustee for various Grandjoy Holdings Group bonds, stated that this transaction is not expected to have a significant adverse impact on the interest and principal payments for several of the group's bonds.