GF Securities to update articles of association for regulatory compliance

GF Securities announced the convening of its third extraordinary general meeting, second A-share class meeting, and second H-share class meeting, all scheduled for December 23, 2025, at 2:30 PM. The primary agenda for these meetings is to consider and approve revisions to the company’s articles of association and their appendices.

These proposed revisions are driven by the new "Company Law" effective July 1, 2024, and subsequent regulatory updates from the China Securities Regulatory Commission (CSRC) on March 28, 2025. Key changes include establishing an audit committee within the board of directors to exercise the functions of the supervisory board, aligning with new regulatory requirements, and adapting to the repeal of previous foreign-listed company charter provisions. The company also plans to abolish its supervisory board office.

The resolutions, considered special resolutions, require approval by at least two-thirds of the voting rights held by shareholders (including proxies) present at each meeting. The meetings will incorporate both on-site voting and online voting via the Shenzhen Stock Exchange trading and internet voting systems. The equity registration date for all meetings is December 17, 2025. These updates aim to ensure compliance with the latest laws and regulations while enhancing corporate governance.