GF Securities abolishes supervisory board, shifts duties to audit committee

GF Securities convened its Third Extraordinary General Meeting, Second A-share Class Meeting, and Second H-share Class Meeting on December 23, 2025, to approve amendments to the company's articles of association and related documents. All proposals passed, with the general meeting seeing 56.3503% of total voting shares represented, the A-share class meeting 57.7973%, and the H-share class meeting 44.1752%.

The core resolution, "Regarding the Amendment to the Articles of Association of GF Securities Co., Ltd. and its Appendices," was passed as a special resolution, requiring a two-thirds majority. For the general meeting, 92.7651% of votes were in favor. A-share holders voted 94.5090% in favor, and H-share holders 83.6776% in favor.

These amendments include the abolition of the supervisory board's functions, with the board of directors' audit committee now exercising the supervisory board's powers as per company law. Consequently, all incumbent supervisors, including Zhou Xitai, Wang Zhenyu, Zheng Chunmei, Zhou Feimei, and Yi Xinyu, have ceased their roles as supervisors, effective from the date the revised articles of association came into force.