Guosen Securities revokes supervisory board, announces director changes

Guosen Securities has announced significant corporate governance changes, including the revocation of its Board of Supervisors and a change in one-third of its directors. The resolution to abolish the Board of Supervisors and its related rules was approved by the 27th meeting of the Fifth Board of Supervisors and the second extraordinary general meeting of shareholders in 2025. This move aligns with the company's internal adjustments based on the "Company Law of the People's Republic of China" and the revised "Guidance for the Articles of Association of Listed Companies" by the China Securities Regulatory Commission.

Effective January 1, 2025, Liu Xiaola and Zhang Rui have resigned from the board. Hu Hao, Li Ming, Yi Longxin, and Zhang Shouwen have been appointed as new directors. These changes, approved by extraordinary general meetings of shareholders and employee representative meetings, ensure the company's governance structure remains compliant with legal and regulatory requirements.

Separately, Guosen Securities Company Limited's 2025 Publicly Issued Corporate Bonds (Sixth Tranche) will be listed on the Shenzhen Stock Exchange on September 23, 2025. The bonds have a principal amount of CNY 3.8 bn, a 3-year term, and a fixed annual coupon rate of 1.96%.