Guolian Minsheng Securities Company Limited (01456) announced that the fifth session of its board of directors has expired. The twenty-ninth meeting of the fifth session of the board, held on 30 October 2025, approved nominations for the sixth session of the board. Pending shareholders’ approval, the proposed term will be three years.

Mr. Ge Xiaobo is nominated as executive director. The board also approved nominations for four non-executive directors: Mr. Gu Wei (chairman), Mr. Zhou Weiping, Mr. Wu Weihua, and Mr. Yang Zhenxing. In addition, Mr. Gao Wei, Mr. Guo Chunming, and Ms. Hsu Wai Man Helen have been nominated as independent non-executive directors. All the proposed independent non-executive directors have confirmed full compliance with relevant independence requirements.

If approved, each director will enter into a service contract with the company. Executive director remuneration will be based on position and performance, while non-executive directors will not receive remuneration. Independent non-executive directors will receive an annual allowance of RMB240,000, subject to shareholders’ approval.

Upon shareholder approval, the tenure of the newly elected board members will commence, and an employee representatives’ meeting will be convened to elect an employee director for the sixth session. A circular with further details on these matters will be issued in due course.