China Enterprise board approves subsidiary capital increase, governance updates

China Enterprise Limited (SSE:600675) announced resolutions from its Eleventh Board of Directors' Eighth Extraordinary Meeting, held via communication on November 19, 2025. All eight directors participated and approved two key proposals.

The board approved a capital increase for its subsidiary, Shanghai Gubei Property (Group) Co., Ltd. To enhance brand image, comprehensive competitiveness, and expand external property services, the subsidiary's registered capital will increase from 10 million yuan to 50 million yuan. This represents a capital injection of 40 million yuan by China Enterprise.

Additionally, the board approved the revision and formulation of company governance-related policies. This initiative aligns with current laws, regulations, and other normative documents, and is tailored to the company's specific circumstances. Concurrently, the "Board Audit Committee Annual Report Work Procedures" and the "Annual Report Information Disclosure Major Errors Accountability System" were abolished.