China Merchants Securities board approves governance, remuneration changes

China Merchants Securities' eighth board of directors held its twenty-sixth meeting on December 22, 2025. All 15 directors attended the meeting, which was convened by chairman Huo Da. The board unanimously approved three key proposals.

Among the resolutions, the board voted to elect director Li Demin to several specialized committees, including the Strategy and Sustainable Development Committee, and as convenor for both the Risk Management Committee and the Remuneration and Assessment Committee. Additionally, employee representative director Ma Xiaoli was appointed to the Risk Management Committee.

The board also unanimously approved the company's 2024 executive remuneration proposal, which had been pre-approved by the Remuneration and Assessment Committee. Furthermore, a resolution concerning the formulation of the "China Merchants Securities Co., Ltd. Enterprise Annuity Plan (Implementation Details)" and its integration into the China Merchants Group Co., Ltd. enterprise annuity plan was passed.