Orient Securities to overhaul governance, elect new director

Orient Securities Company Limited will hold its first extraordinary general meeting of 2025 on October 24, 2025, to consider several key proposals. The agenda includes revisions to the company’s articles of association and six related governance documents, such as the "Related Party Transaction Management Measures" and "Shareholder Meeting Online Voting Implementation Rules." These updates align with the latest "Company Law," "Guidelines for Articles of Association of Listed Companies," and "Rules for Shareholder Meetings of Listed Companies."

A significant change involves the proposed abolition of the supervisory committee, with its responsibilities to be transferred to the audit committee. Consequently, all references to "Supervisory Committee" will be removed, and "Shareholder General Meeting" will be uniformly updated to "Shareholder Meeting" across all documents. Additionally, the board of directors' "Strategy and Development Committee" will be renamed the "Strategy and Sustainable Development Committee," reflecting adjusted responsibilities.

Shareholders will also vote on the election of Mr. Liu Wei as a non-executive director and a member of the audit committee, with his term commencing upon approval at the meeting and lasting until the end of the current board of directors' term. The meeting will be held both in-person in Shanghai and via online voting through the Shanghai Stock Exchange network platform.