Founder Securities updates governance, elects new directors

Founder Securities has approved significant updates to its administrative measures for regulating fund transactions with its controlling shareholder and related parties. These measures, initially enacted in April 2012, were revised during the company's first extraordinary general meeting in December 2025. The revisions aim to prevent the misuse of company funds by related parties, detailing operational and non-operational capital occupation, and outlining new payment and recovery procedures for such transactions.

The company's shareholders also approved the discontinuance of the supervisory board, a decision that will lead to the abolition of the "Supervisory Board Rules" and an expression of gratitude to the departing supervisors. This change was approved by a significant majority, with 99.8306% of A shares voting in favor.

Additionally, the meeting saw the election of new board members. Zou Hao and Xue Jun were appointed as directors and independent directors, respectively, for the remainder of the fifth board of directors' term. Zhang Jun was also elected as an employee director for the fifth board term, following a workers' representative meeting. Zhang, with a background in risk management, will ensure the board's composition aligns with regulatory requirements.