GF Securities to amend governance, abolish supervisory committee

GF Securities Co. Ltd. has announced that its 2025 Third Extraordinary General Meeting (EGM) and 2025 Second Class Meeting of H Shareholders will be held on December 23, 2025. The purpose is to consider and approve proposed amendments to its Articles of Association and their appendices. These changes respond to new Company Law, effective July 1, 2024, and subsequent rules issued by the CSRC on March 28, 2025, including guidelines for listed companies and general meetings.

The proposed amendments involve significant revisions to the company's governance structure. This includes establishing an audit committee under the board to assume the powers of the supervisory committee, which will be abolished. The board also seeks authorization to revise and delete content related to the supervisory committee and supervisors across various internal rules and regulations.

Shareholders will vote on special resolutions to approve these amendments, which will impact rules concerning general meetings and the board of directors. H Shareholders are advised to submit proxy forms by December 22, 2025, to ensure their votes are counted.