Guoyuan Securities to hold EGM for board elections, debt financing approval

Guoyuan Securities Co., Ltd. announced its intention to hold the second extraordinary general meeting of shareholders in 2025 on December 15, 2025. The meeting, which will combine on-site and online voting, aims to elect the company's eleventh board of directors. The proposed agenda includes the election of eight non-independent directors and five independent directors, all requiring cumulative voting. The board also approved the issuance of domestic and international debt financing instruments, with a total outstanding balance not exceeding 150% of the company's net assets.

The debt financing instruments, which may include short-term financing bills, corporate bonds, asset-backed securities (ABS), and other approved varieties, will have a maturity of up to 10 years, excluding perpetual bonds. The proceeds will be used to meet operational needs, adjust debt structure, supplement working capital, and repay existing debt. The board also authorized the executive committee to determine the specific issuance plans, including the timing, terms, and distribution to qualified investors. The resolution for debt financing is valid until December 31, 2028.