SF Holding to restructure board, authorize new debt issuance

SF Holding has approved several key governance changes, including revisions to its Articles of Association and the Shareholders' Meeting Rules, effective upon shareholder approval. The company is restructuring its board from seven to six directors, with three non-independent directors (including one employee representative) and three independent directors. This move aligns with the latest regulatory guidance and aims to enhance decision-making efficiency. The newly proposed board includes Mr. Wang Wei and Mr. He Jie as non-independent candidates, and Mr. Chen Shangwei, Mr. Li Jiashi, and Ms. Ding Yi as independent director candidates.

In addition to board changes, SF Holding's wholly-owned subsidiaries, SF Holding Global 2026 Limited and Shenzhen SF Tyson Holdings (Group) Co., Ltd., are authorized to issue debt financing instruments up to 150 bn yuan (including 50 bn yuan for overseas issuance) over 30 years. SF Holding will provide guarantees for SF Holding Global 2026 Limited's issuance, capped at 50 bn yuan for 30 years. These financing activities aim to reduce funding costs and optimize debt structure, supporting SF Holding's international expansion strategy. These resolutions will be submitted for shareholder approval at the upcoming extraordinary general meeting on December 30, 2025.