GF Securities abolishes supervisory committee, amends articles of association

GF Securities Co., Ltd. announced the successful passing of resolutions at its 2025 third extraordinary general meeting (EGM) and class meetings for A and H shareholders, held on Tuesday, December 23, 2025. Key among these was the approval of amendments to the articles of association and the abolition of the supervisory committee and the position of supervisor. These changes took effect upon the conclusion of the meetings on December 23, 2025.

With the new articles of association in effect, the powers and duties of the supervisory committee will now be exercised by the board's audit committee. All supervisors, including Mr. Zhou Xitai, Mr. Wang Zhenyu, Ms. Zheng Chunmei, Ms. Zhou Feimei, and Ms. Yi Xinyu, have retired from office as of the effective date.

The resolution for the amendments to the articles of association was passed as a special resolution across all meetings. At the EGM, 92.7651% of votes were cast in favor, with 6.7719% against and 0.4630% abstaining. A shareholders voted 94.5090% in favor, and H shareholders voted 85.9529% in favor. Minority A shareholders also approved the resolution with 56.1905% in favor.