China Merchants Securities renews agreements, appoints leaders

China Merchants Securities Co. (HKEX: 6099) announced plans to renew key framework agreements concerning securities, financial products, and services transactions with China Merchants Group and COSCO Shipping at its upcoming extraordinary general meeting (EGM) on April 7, 2025. These agreements, set to commence in January 2025 and expire in 2027, require independent shareholder approval due to their nature as continuing connected transactions under Hong Kong listing rules. The proposed annual caps for these transactions aim to balance business needs with regulatory requirements. The company will also seek approval for the appointment of Ms. LUO Li as a non-executive director and Mr. HUANG Zheng as a shareholders’ representative supervisor to the board. Shareholders of record by March 31, 2025, are eligible to vote on these resolutions, with voting to be conducted by poll. The board recommends shareholders approve the resolutions.