Yuexiu Capital announces executive changes, subsidiary investment

Guangzhou Yuexiu Financial Holdings Group (SZSE:000987) announced the retirement of Vice Chairman and General Manager Yang Xiaomin due to age, effective April 29, 2025. Deputy General Manager Wu Yonggao will assume the role of Acting General Manager. The board will promptly initiate the process to appoint a permanent replacement. Additionally, Yuexiu Capital's board approved a capital increase for its subsidiary, Yuexiu Leasing, totaling CNY 1 billion. Yuexiu Capital, through its subsidiary Guangzhou Yuexiu Capital Holdings, will contribute CNY 700.6 million, while co-shareholder Cheng Tuo Co., Ltd. will provide the remainder. This transaction, classified as a related party transaction, aims to bolster Yuexiu Leasing's green and specialized development. Concurrently, Yuexiu Capital will exercise its redemption right on "22 Yue Kong 01" bonds. For bonds registered on June 13, 2025 will be fully redeemed at CNY 102.80 per bond. The company will not use its right to adjust the bond's interest rate.