CCOOP Group to hold EGM on governance and guarantee adjustments

CCOOP Group will hold its third extraordinary general meeting of shareholders for 2025 on October 15, 2025. The meeting, convened by the board of directors, will address key proposals including adjustments to inter-guarantee limits with subsidiaries, re-appointment of Yongcai Certified Public Accountants, and various amendments to corporate governance documents. The company proposes to adjust its inter-guarantee limit within the existing RMB 4.3 billion, shifting RMB 7.8 billion from company-to-subsidiary and subsidiary-to-company guarantees to subsidiary-to-subsidiary guarantees.

Shareholders will vote on revising the Articles of Association to abolish the Supervisory Board, with its functions transferred to the board's audit committee. Other proposed changes include modifications to the Rules of Procedure for the General Meeting, Board of Directors, Shareholder Authorization, Independent Director System, Connected Transaction Management, Cumulative Voting System, and External Guarantee Management. All these revisions reflect compliance with new company law and regulatory requirements.

The meeting will involve both a physical venue in Beijing and online voting. Shareholders on record as of October 9, 2025, are eligible to participate.