Jiangxi Ganyue Expressway to hold EGM on governance changes, subsidiary investment

Jiangxi Ganyue Expressway will convene its second extraordinary general meeting on November 27, 2025, to address several crucial matters. The agenda includes the proposed abolition of the Supervisory Board and the adoption of an Audit Committee to assume its responsibilities. Also on the agenda are comprehensive revisions to the company's Articles of Association and various governance rules, such as the Rules of Procedure for the General Meeting of Shareholders and the Rules of Procedure for the Board of Directors.

Additionally, the meeting will seek approval for a significant investment by the company's controlled subsidiary, Shanghai Jiarong Investment Management Co. Shanghai Jiarong plans to invest up to 500 million yuan of its own funds in subordinated debt of Guosheng Securities. This transaction constitutes a related-party transaction and has been approved by the board of directors, with the interested director abstaining from the vote. As cumulative related-party transactions with Guosheng Securities have reached 5% of the company's latest audited net assets, shareholder approval is required.

Shareholders will also vote on revisions to the company's Investor Relations Management System, Management System for Shares Held by Directors and Senior Management, and the External Guarantee Management Measures. These proposals aim to update the company’s governance framework in line with regulatory requirements and strategic objectives.