Guohai Securities appoints new auditor, abolishes board of supervisors

Guohai Securities Co., Ltd. has appointed KPMG Huazhen LLP (Special General Partnership) as its accounting firm for the 2025 financial year, succeeding Deloitte Touche Tohmatsu Certified Public Accountants (Special General Partnership). Deloitte served for eight consecutive years, reaching the maximum tenure stipulated by the Ministry of Finance for state-owned financial enterprises. The change was approved at the company's second extraordinary general meeting on October 30, 2025.

In another significant governance shift, Guohai Securities has abolished its Board of Supervisors. This decision, approved at the same extraordinary general meeting, transfers the responsibilities previously held by the Board of Supervisors to the Audit Committee of the Board of Directors, aligning with provisions in the Company Law and relevant regulations.

GF Securities Co., Ltd., as the entrusted manager for Guohai Securities' 2024 corporate bonds, issued this temporary report to inform bondholders of these developments. The bonds include "25 Guohai 01," "25 Guohai 03," and "25 Guohai 04," with maturities ranging from 367 days to three years and coupon rates between 1.80% and 1.98%.