Founder Securities to hold EGM on governance overhaul

Founder Securities (SSE:601901) announced its first extraordinary general meeting of shareholders for 2025, scheduled for December 12, 2025, at 14:30 in Beijing. Key proposals include eliminating the supervisory board, amending the company's articles of association and rules of procedure, revising five governance policies, establishing a "director's departure management system," and electing new directors. These changes, approved by the board of directors and the supervisory board on November 26, 2025, aim to modernize corporate governance in line with updated regulations.

The meeting will involve both on-site voting and online voting via the Shanghai Stock Exchange, with registration open from December 10-11 for pre-registration and December 12 for on-site registration. Shareholders can participate through the trading system or internet platform.

Significant amendments to the articles of association replace "supervisory board" with "audit committee," adjust director numbers, and update clauses on shareholder rights and responsibilities, reflecting a comprehensive governance restructuring. Changes to the articles of association highlight increased responsibilities for the audit committee, which will oversee compliance and financial reporting, a role previously held by the supervisory board. The company's registered capital remains at RMB 8,232,101,395.