GF Securities Co., Ltd. recently released its updated Articles of Association, effective February 2026 and authorized for amendment at the 2025 second extraordinary general meeting. The new version clarifies the company’s legal framework, governance structure, and procedural rules.

The document confirms that GF Securities Co., Ltd. remains a joint stock limited company, with a registered capital of 7.82 billion renminbi and a total of 7,824,845,511 ordinary shares (5,904,049,311 in domestic shares and 1,920,796,200 in H shares). The Articles stipulate that the company’s Board of Directors must have 11 members, where at least four serve as independent directors. The Board is entrusted with significant duties, including convening shareholders’ general meetings, reviewing financial decisions, appointing senior management members, and overseeing risk and compliance.

Shareholders’ rights and obligations are highlighted, requiring them to perform duties in good faith and to comply with corporate governance and disclosure requirements. The Articles reiterate that dividends are distributed only after covering statutory reserves, potential losses, and other legally mandated deductions, and that profit distribution shall prioritize a stable cash dividend policy when conditions permit.

Additional sections address compliance, internal control, use of external auditors, and procedures for significant corporate changes—such as capital reduction, merger, or liquidation. These updated provisions aim to strengthen the company’s operating structure and assure transparency and accountability for all stakeholders.

GF Securities Co., Ltd. confirms that this Articles of Association document supersedes previous versions, and any amendments must again be approved in accordance with applicable laws and internal procedures. Shareholders and interested parties are advised to refer to the original text for complete details.