Haitong UniTrust restructures board, abolishes supervisors, amends articles

Haitong UniTrust International Financial Leasing Co., Ltd. announced a series of significant governance changes effective September 26, 2025. Mao Yuxing was elected as an executive director and subsequently appointed chairman of the board. Zhou Jianli was elected as an executive director, and Zheng Huan was elected as a non-executive director. Mao Yuxing also became an authorized representative, jointly serving with Lam Kang Chi. The extraordinary general meeting (EGM) also approved the abolishment of the board of supervisors.

The company further restructured its special committees. The remuneration and evaluation committee and the nomination committee were merged into a single remuneration, evaluation and nomination committee, with Yan Lixin appointed chairman. Mao Yuxing, Zheng Huan, Lu Tong, and Wu Shukun were elected to the environmental, social and governance committee, with Mao Yuxing as chairman. The risk management committee now includes Zhou Jianli and Zeng Qingsheng, with Yan Lixin as chairman. Wu Yat Wai joined the audit committee, and Zeng Qingsheng was appointed chairman.

The EGM also approved amendments to the articles of association and rules of procedure for the shareholders' general meeting and board of directors, which took effect immediately. These resolutions were passed by shareholders, with resolutions on capital management, articles amendments, and abolishing the board of supervisors all passing as special resolutions.