Guangzhou Development to hold EGM on October 10 for debt instrument proposals

Guangzhou Development Group Inc. will convene its First Extraordinary General Meeting of 2025 on October 10, 2025, at 2:30 PM. The meeting, to be held at the company's headquarters in Guangzhou, will use both in-person attendance and online voting via the Shanghai Stock Exchange system, with voting open from 9:15 AM to 3:00 PM on the same day.

The agenda includes proposals for issuing corporate bonds, medium-term notes, and ultra-short-term financing bills, along with authorizing the board to handle related matters. These resolutions were approved by the ninth board of directors at its eighteenth meeting on September 23, 2025.

Six out of seven directors attended the board meeting, with one director delegating their vote. Key proposals, including the company's eligibility to issue bonds and specific terms for bond issuance, will be subject to a separate vote by small and medium-sized investors. Shareholders registered by September 26, 2025, are eligible to attend and vote.