Western Securities approves Hong Kong subsidiary plan

Western Securities Co., Ltd. (SZSE:002673) announced the resolutions passed at its first extraordinary general meeting of shareholders in 2025. The meeting, held through a combination of on-site and online voting, saw the approval of a proposal to establish a subsidiary in Hong Kong. A total of 1,362 shareholders representing 2,312,435,123 shares, or 51.8084% of the company's total voting shares, participated. The key proposal garnered overwhelming support, with 2,306,878,847 shares voting in favor, representing 99.7597% of the voting rights present at the meeting. The company's board of directors convened the meeting, with legal counsel from Beijing Jincheng Tongda (Xi'an) Law Firm confirming the legality and validity of the proceedings.