Orient Securities to revise governance, elect director at EGM

Orient Securities will hold an extraordinary general meeting on October 24, 2025, to consider significant amendments to its articles of association, company governance, and the election of a non-executive director and audit committee member. These revisions follow regulatory changes, including the amended company law and new guidelines for the articles of association of listed companies. Key changes include abolishing the supervisory committee, with its duties transferred to the audit committee, and refining various operational and financial policies.

The company's interim report as of June 30, 2025, reflects robust financial performance, with total revenue reaching RMB12,324,631 thousand, a 26.72% increase year-on-year. Net profit attributable to shareholders was RMB3,463,071 thousand, up 64.02% from the previous year. The board also approved a 2025 interim cash dividend of RMB1.20 per 10 shares, totaling RMB1,012,211,857.32.

The company also disclosed ongoing legal cases with Qingdao Yaxing Industry Co., Ltd., Zhuhai Zhongzhu Group Co., Ltd., and Xinjiang Maiquer Group Co., Ltd., concerning share collateralized repurchase transactions in default, with principal amounts of RMB653 million, RMB461 million, and RMB303 million, respectively. Additionally, Orient Finance Holdings is involved in a lawsuit over a $17.00 million redemption request.