Caitong Securities to eliminate supervisory board, transfer functions

Caitong Securities Co., Ltd. held its Fourth Board of Directors' Twenty-Seventh Meeting and Fourth Supervisory Board's Fifteenth Meeting on December 12, 2025, to address a major corporate governance overhaul. The company approved the proposal to remove the Supervisory Board and revise its Articles of Association, Shareholder Meeting Rules, and Board of Directors' Meeting Rules. The Supervisory Board also approved its own dissolution.

The restructuring follows new "Company Law" guidelines and aims to transfer the Supervisory Board's functions to the Board of Directors' Audit Committee. Key amendments to the Articles of Association include updates to the company's legal representative structure, the role of the Audit Committee, and the process for share repurchase. Notably, the revised Articles of Association state that the legal representative will be the chairman elected by over half of the directors.

These changes, effective upon shareholder approval, are designed to align Caitong Securities' corporate governance with evolving regulations and internal operational needs.