Financial Street Holdings shareholders approve debt issuance, governance changes

Financial Street Holdings Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 11, 2025, where all proposed resolutions were approved. The meeting saw 354 shareholders, representing 53.2991% of the company's total voting shares, participate through in-person attendance and online voting.

Key approvals included amendments to the company's Articles of Association and related bylaws, passing with 98.8398% of votes. This revision removes the supervisory board, transferring its functions to the board of directors' audit committee. Additionally, shareholders approved the issuance of private placement corporate bonds, with a maximum value of CNY 5.17 billion, and non-financial enterprise debt financing instruments (medium-term notes) up to CNY 11.5 billion, both to be used for refinancing and project construction.

Furthermore, Mr. Ren Qinghe was elected as a non-independent director to the Tenth Board of Directors. All resolutions received more than two-thirds of the votes from attending shareholders.