Haitong UniTrust proposes board changes, capital mandate, and governance overhaul

Haitong UniTrust International Financial Leasing Co., Ltd. announced an extraordinary general meeting (EGM) for September 26, 2025, at 2:00 p.m. to vote on key proposals. Shareholders will consider the election of Mao Yuxing as an executive director and Zheng Huan as a non-executive director. Both appointments follow board approval and nomination committee recommendations.

A major focus of the EGM will be special resolutions, including granting a mandate for capital management within specific debt financing limits, aiming to enhance financing channels and fund management efficiency. The total outstanding balance of debt financing in domestic and overseas capital markets, loans, and other instruments should not exceed 550% of the company’s net assets.

Crucially, the EGM will address extensive amendments to the articles of association and rules of procedure, primarily driven by China’s new company law. These changes include the abolition of the board of supervisors, with the audit committee under the board of directors assuming supervisory functions. Other revisions focus on enhancing party-building work provisions and general compliance.