China Cinda approves amendments, appoints new president and directors

China Cinda Asset Management Co., Ltd. held its 2025 First Extraordinary General Meeting (EGM) on September 26, 2025, where shareholders approved four key resolutions by poll. These included the 2025 external donation plan, the issuance plan of tier-2 capital bonds, the 2025 capital expenditure budget, and the 2025-2027 capital management plan. The total voting shares at the EGM were 27,655,422,712, representing 72.463670% of the total issued ordinary shares.

The company also announced proposed amendments to its Articles of Association, Rules of Procedures of General Meetings, and Rules of Procedures of Board Meetings. These amendments, approved by the board on September 26, 2025, aim to improve Party building, adjust the corporate governance structure by ceasing to retain the Board of Supervisors, and optimize the work mechanism of independent directors, aligning with the latest Company Law of the PRC.

Further, China Cinda announced the appointment of Song Weigang as president and his nomination as an executive director, alongside the nomination of Wang Zhongze as an independent non-executive director. These appointments, approved at the board meeting on September 26, 2025, are subject to approval by the National Financial Regulatory Administration and general meeting.