China Galaxy Securities board approves related party transactions with parent company

China Galaxy Securities Co. Ltd. held its tenth (ad hoc) meeting of the fifth board of directors on December 23, 2025, approving a critical related party transaction. The board resolved to sign the "Securities and Financial Product Trading Framework Agreement" with China Galaxy Financial Holdings Co. Ltd. This agreement also establishes continuous related party transaction limits for the years 2026-2028.

Under the newly approved framework, the annual total inflow and total outflow for securities and financial product transactions (excluding financing transactions) between China Galaxy Securities and Galaxy Financial Holdings will be capped at RMB 50 million each for the 2026-2028 period. Additionally, the maximum daily outstanding balance of financing provided by Galaxy Financial Holdings to the company through pledged repurchase transactions, including interest, is set at RMB 53 million.

The resolution was passed with 6 votes in favor, 0 against, and 0 abstentions. Related directors Yang Tijun, Li Hui, Huang Yan, and Song Weigang recused themselves from the vote. The proposal had previously been reviewed and approved by the company's independent directors' special meeting and the board's audit committee.