Yuexiu Capital approves Yuexiu Property stake increase, revises charter

Guangzhou Yuexiu Financial Holdings Group (SZSE:000987) has announced a series of resolutions passed at its 10th Board of Directors' 24th meeting, including a plan for subsidiary Guangzhou Asset Management to increase its investment in Yuexiu Property (HKG: 0123) shares. Guangzhou Asset will use no more than EUR 20.422 million of its own funds via the Hong Kong Stock Connect program. This investment, classified as a related-party transaction due to Yuexiu Property’s existing shareholders, falls within the board’s decision-making authority and does not require shareholder approval.