Poly Property Services Shareholders Approve Parking Framework Deal and New Director at EGM

Poly Property Services Co., Ltd. Class H ( (HK:6049) ) has issued an update.

Poly Property Services Co., Ltd. reported the poll results of its first extraordinary general meeting of 2026, held in Guangzhou on 13 March, confirming that the meeting was duly convened in compliance with PRC laws, Hong Kong listing rules, and the company’s articles. Shareholder turnout was strong, with voting shareholders and proxies representing about 83.71% of issued shares, and required abstentions were observed for interested parties on connected transactions.

Investors approved the Renewed Parking Space Agency Framework Agreement (Phase II) and its annual caps with an overwhelming majority of independent H-share votes, endorsing the continuation of this key related-party business arrangement. The meeting also approved the appointment of Mr. Wang Yingnan as an executive director with authority for the board to fix his remuneration, signaling continuity and reinforcement of the company’s senior management team and governance structure.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$41.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

More about Poly Property Services Co., Ltd. Class H

Poly Property Services Co., Ltd. is a property services provider incorporated in the People’s Republic of China and listed in Hong Kong. The company focuses on managing residential and related facilities, including services linked to parking spaces, serving both domestic and H-share investors in the mainland China property market.

Average Trading Volume: 962,605

Technical Sentiment Signal: Sell

Current Market Cap: HK$17.92B

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