Orient Securities overhauls governance, appoints new director

Orient Securities Company Limited held an Extraordinary General Meeting (EGM) on October 24, 2025, where shareholders approved several key resolutions. Amendments to the Articles of Association and its annexes were passed with 99.7423% of votes cast in favor. This overhaul includes abolishing the Supervisory Committee, with its duties now to be performed by the Audit Committee, and simultaneously abolishing the Rules of Procedure for the Supervisory Committee.

In addition, the EGM saw the election of Mr. LIU Wei as a non-executive director to the sixth session of the Board and a member of the audit committee, effective from the date of EGM approval. Mr. LIU, born in 1973, brings extensive experience, having served in various legal and managerial roles, including chief auditor and general legal counsel for Shenergy (Group) Company Limited. His term will conclude at the end of the current Board session, and he will not receive remuneration from the company for this role.

Ordinary resolutions were also passed, including amendments to the Management Measures of Related-Party Transactions (99.8972% for), Management Measures of Proceeds from Fund-Raising Activities (99.8954% for), Measures to Manage External Guarantees (99.8942% for), Implementation Rules of Online Voting at the General Meeting (99.8968% for), Independent Director Policy (99.8967% for), and Rules of Appraisal and Remuneration Management of Directors (99.8844% for). The full amended Articles of Association and annexes will be available on the Shanghai and Hong Kong Stock Exchange websites.