Jiayuan Services Details Auditor Reappointment and Share Mandates After Placing

Jiayuan Services Holdings Limited ( (HK:1153) ) has issued an update.

Jiayuan Services Holdings has issued a supplemental announcement ahead of its upcoming annual general meeting, detailing arrangements for the proposed re-appointment of RSM Hong Kong as auditor and the scope of new share issuance and repurchase mandates. The group estimates its 2026 audit fee will range between HK$1.8 million and HK$2.1 million, reflecting its business plan, expected audit scope and timetable, and required audit resources.

Following completion of a recent share placing, the company’s issued share capital has increased to 672,209,000 shares, which will serve as the basis for the new general mandates if approved at the meeting. The proposed Issue Mandate would allow Jiayuan Services to issue up to 134,441,800 shares, while the Share Repurchase Mandate would permit buybacks of up to 67,220,900 shares, and a full exercise of the repurchase authority would lift Valuable Capital Limited’s voting interest to about 74.4%, underscoring its dominant shareholder position.

More about Jiayuan Services Holdings Limited

Jiayuan Services Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and engaged in the property management and related services sector. The group focuses on managing residential and commercial properties in mainland China, providing a range of community and value-added services to property owners and occupants in its core markets.

Average Trading Volume: 179,553

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$235.3M

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