Western Securities appoints new leadership, issues 15 bn yuan in bonds

Western Securities announced the election of Xu Zhaohui as chairman of the seventh board of directors. Concurrently, the board appointed new senior management, including Qi Bing as general manager, Chen Wei as compliance director and chief risk officer, and Yuan Xing as board secretary and securities affairs representative. These appointments were approved at the first meeting of the seventh board of directors on November 17, 2025.

In a related development, Western Securities is issuing corporate bonds (Fourth Tranche) for professional investors, with a total issuance of 15 billion yuan. These bonds, with a term of three years and a fixed annual interest rate of 1.98%, will be listed on the Shenzhen Stock Exchange on November 18, 2025.

Additionally, the company held its second extraordinary general meeting of shareholders, approving revisions to the company's Articles of Association, Shareholder Meeting Rules, Board of Directors Meeting Rules, and Independent Director System. Shareholders also voted to abolish the Supervisory Board and elected new non-independent and independent directors for the seventh board of directors.