China CITIC financial asset management to revamp governance structure

China CITIC Financial Asset Management Co., Ltd. announced an extraordinary general meeting (EGM) for November 27, 2025, to approve several pivotal corporate governance reforms. These include amendments to the articles of association and the dissolution of the board of supervisors, with its functions and powers to be assumed by the audit committee of the board. Current supervisors, including Mr. Cheng Fengchao, Mr. Han Xiangrong, Ms. Sun Hongbo, and Ms. Guo Jinghua, will cease their roles.

Further resolutions involve amendments to the rules of procedures of both the shareholders’ general meeting and the board of directors. The EGM will also consider the election of Mr. Xiang Xianchun, aged 56, as a non-executive director for a three-year term. Mr. Xiang has an extensive background in asset management and public expenditure with the MOF.

Shareholders holding H shares must register their transfers by November 21, 2025, to be eligible to attend and vote at the EGM. Voting on all resolutions will be conducted by poll.