China Securities overhauls governance, appoints new director

China Securities Co., Ltd. announced on November 21, 2025, that its Extraordinary General Meeting approved revisions to the company's articles of association and internal governance rules. These changes include the cessation of the supervisory board, with its statutory functions transferred to the board of directors’ audit committee, and the simultaneous repeal of the “Supervisory Board Rules of Procedure.” The previous supervisory board members, including Lin Xuan, Dong Hongfu, Li Fang, Wang Xiaoguang, Zhao Ming, and Dai Bo, have ceased their roles as of this date.

Additionally, Dai Bo was elected as the company's employee representative director at the Fifth Plenary Session of the Third Employee Representative Congress on November 21, 2025. Dai, who holds a Ph.D. in Engineering from Tsinghua University and an MBA from CEIBS, currently serves as the administrative head of the trading department and derivatives trading department. His appointment ensures the board's composition complies with regulatory requirements regarding the proportion of senior management and employee representative directors, and independent directors.