Corporate Governance
The Company has a Board of Directors, which is responsible to the General Meeting of Shareholders and implements the resolutions of the General Meeting of Shareholders.
The Board of Directors shall exercise the following powers and functions:
(i) To convene meetings of shareholders and to report on its work to the shareholders meeting;
(ii) To implement the resolutions of the shareholders meeting;
(iii) To determine the company's business plans and investment schemes;
(iv) To review the company's periodic reports;
(v) To formulate plans for profit distribution and loss recovery;
(vi) To formulate plans for increase or reduction of registered capital, issuance of bonds or other securities, and listing;
(vii) To draft plans for major acquisitions, repurchase of the company’s shares, mergers, divisions, dissolution, or change of corporate form, and to adopt resolutions—with the presence of at least two-thirds of the directors—on the repurchase of the company’s shares under the circumstances specified in items (3), (5), and (6) of Article 27 of the company’s articles of association;
(viii) To formulate equity incentive plans or employee stock ownership plans;
(ix) To decide on matters such as external investment, acquisition or disposal of assets, asset mortgage, external guarantees, entrusted wealth management, connected transactions, and external donations, within the scope authorized by the shareholders meeting;
(x) To determine the structure of the company’s internal management bodies;
(xi) To appoint or dismiss the general manager, the board secretary, and other senior management personnel, and to determine their remuneration and incentives & disciplinary measures; upon nomination by the general manager, to appoint or dismiss deputy general managers, the chief financial officer, and other senior management personnel, and to determine their remuneration and incentives & disciplinary measures;
(xii) To formulate the company’s basic management systems;
(xiii) To prepare proposals for amendments to the company’s articles of association;
(xiv) To manage matters related to information disclosure;
(xv) To propose to the shareholders meeting the appointment or replacement of the accounting firm engaged for the company’s audit business;
(xvi) To hear work reports from the general manager and to inspect the general manager’s work;
(xvii) To exercise other powers granted by laws, administrative regulations, departmental rules, the company’s articles of association, or the shareholders meeting.
Matters exceeding the authorization of the shareholders meeting shall be submitted to the shareholders meeting for deliberation.
Matters exceeding the scope of authorization by the shareholders' general meeting shall be submitted to the shareholders' general meeting for consideration.
Chairman
Wang Shuhui, a member of the CPC, has a bachelor's degree, a master's degree and the title of economist. He was the secretary of the board of directors and vice president of Guangzhou Securities Company Limited, the general manager of the office and the general manager of the development department of Guangzhou Yuexiu Group Company Limited, the assistant to the general manager, director and deputy general manager of Guangzhou Yuexiu Group Company Limited. He is currently the party secretary and chairman of Guangzhou Yuexiu Capital Holding Group Co., Ltd, chairman of Guangzhou Yuexiu Industrial Investment Co., Ltd, Guangzhou Yuexiu Industrial Investment Fund Management Co., Ltd, and a non-executive director of CITIC Securities Co.
Vice Chairman
Wu Yonggao, a member of the CPC, has a postgraduate degree, a master's degree, an accountant and a non-practicing member of CICPA. Previously, he served as Deputy General Manager of the Finance Department at Guangzhou Yuexiu Group Co., Ltd., and held key positions at Guangzhou Yuexiu Financial Holdings Group Co., Ltd., including General Manager of the Strategy Management Department, General Manager of the Finance Department, Assistant General Manager, and General Manager of the Finance Center at both Guangzhou Yuexiu Financial Holdings Group Co., Ltd. and Guangzhou Yuexiu Financial Holdings Group Co., Ltd. Currently, he serves as Deputy Party Secretary, Vice Chairman, General Manager, and Board Secretary of Guangzhou Yuexiu Capital Holdings Group Co., Ltd.; Vice Chairman and General Manager of Guangzhou Yuexiu Capital Holdings Co., Ltd.; Director of Guangzhou Asset Management Co., Ltd. and Guangzhou Yuexiu Industrial Investment Fund Management Co., Ltd.; Director and Deputy General Manager of Guangzhou Yuexiu Industrial Investment Co., Ltd.; and Director and General Manager of Yuexiu Financial International Holdings Limited.
Director
Li Feng, a member of the CPC, holds a postgraduate degree, a master's degree and the title of senior engineer. He has served as the general manager of the Capital Operation Department of Guangzhou Yuexiu Group Company Limited, the assistant to the general manager of Guangzhou Yuexiu Group Company Limited, and the general manager of the Customer Resource Management and Synergy Department of Guangzhou Yuexiu Group Company Limited. Currently, he is the Chief Capital Operation Officer of Guangzhou Yuexiu Group Company Limited, Guangzhou Yuexiu Enterprises Group Company Limited and Yuexiu Enterprises (Group) Company Limited, the Chairman of the Board of Directors and a Non-executive Director of Chong Hing Bank Limited, the Chairman of the Board of Directors and a Director of Yuexiu Securities Holdings Company Limited, a Non-executive Director of Yuexiu Real Estate Trust Asset Management Co. Ltd., Guangzhou Yuexiu Capital Holdings Group Co., Ltd. and Yuexiu Capital Holdings Co., Ltd., Non-executive Director of Yuexiu Financial Holdings Co., Ltd. and Chairman of Guangzhou Yuexiu Capital Private Equity Fund Management Co.
Director
He Yuping, a member of the CPC, has a postgraduate degree, a master's degree and the title of economist. He was a lawyer of Guangdong Oriental Kunlun Law Firm, the general manager of the Legal Affairs Department of Guangzhou Urban Construction Development Company Limited, a director of Guangzhou Urban Construction Development Company Limited, the deputy general counsel of Guangzhou Yuexiu Group Company Limited, the general manager of the Legal Compliance and Risk Management Department of Guangzhou Yuexiu Group Company Limited, Guangzhou Yuexiu Enterprises Group Company Limited and Yuexiu Enterprises (Group) Company Limited, and so on. Currently, he is the Chief Compliance Officer of Guangzhou Yuexiu Group Co., Ltd, Guangzhou Yuexiu Enterprise Group Co., Ltd, the General Counsel and Secretary of the Board of Directors of Guangzhou Yuexiu Group Co., Ltd, Guangzhou Yuexiu Capital Holding Group Co., Ltd, Guangzhou Paper Group Co, Ltd, Guangzhou Yuexiu Capital Holding Group Co., Ltd, Guangzhou Yuexiu Capital Holding Group Co., Ltd, Guangzhou Paper Group Co. Ltd. and Guangzhou Yuexiu Dairy Group Co.
Directors
Zhou Shuiliang, a member of the CPC, holds a postgraduate degree with a Master's in Thermal Energy Engineering from Central South University of Technology, and is a senior engineer. Previously served as Chief Engineer and Party Branch Secretary of Guangzhou Hengyun Enterprise Group Co., Ltd., and later as Deputy General Manager of the company. Currently serves as Deputy Party Secretary, Director, and General Manager of Guangzhou Hengyun Enterprise Group Co., Ltd. Concurrently holds directorships at Guangdong Power Grid Energy Development Co., Ltd., serves as Chairman of Modern Hydrogen Energy Technology (Guangzhou) Co., Ltd., Chairman of Guangzhou Hengyun Integrated Energy Co., Ltd., and Director of Guangzhou Yuexiu Capital Holdings Group Co., Ltd.
Directors
Shu Bo, a member of the CPC, has a postgraduate degree, a master's degree and the title of economist. He was the manager of the operation and planning department of Guangzhou Zhujiang Electric Power Fuel Co., Ltd. and the senior manager of the operation and management department and the deputy general manager of the capital operation department of Guangzhou State-owned Assets Development and Holding Co. Currently, he is the general manager of the Capital Operation Department of Guangzhou Industrial Investment Holding Group Company Limited and a director of Guangzhou Yuexiu Capital Holding Group Company Limited.
Directors
Wu Min, member of the CPC, holds a Master's degree in Management and is a senior engineer. He previously served as Assistant Engineer in the Shield Tunneling Department, Manager of the Corporate Management Headquarters, General Manager of the Legal & Contract Department, and General Manager of the Strategic Investment Department at Guangzhou Metro Group Co., Ltd. Currently, he is the Director of the Strategic Investment Department at Guangzhou Metro Group Co., Ltd., Director of Guangzhou Yuexiu Capital Holdings Group Co., Ltd., and Secretary-General of the Guangzhou Rail Transit Industry Alliance.
Employee Representative Director
Chen Tonghe, member of the CPC, holds a doctoral degree and is a senior economist. He previously served as a technician at Wuhan 752 Factory, held various positions including Deputy General Manager of the Credit Management Department, Director of the Credit Supervision Center, and General Manager of the Risk Management Department at the Guangdong Branch of Industrial and Commercial Bank of China (ICBC). He also served as Chief Risk Officer at Guangzhou Yuexiu Financial Holding Capital Management Co., Ltd., and Chief Risk Officer and Discipline Inspection Commission Secretary at Guangzhou Yuexiu Financial Holding Group Co., Ltd. and Guangzhou Yuexiu Financial Holding Group Co., Ltd. Currently, he serves as Deputy Party Secretary and Employee Representative Director of Guangzhou Yuexiu Capital Holdings Group Co., Ltd., Chairman of the Trade Union of Guangzhou Yuexiu Capital Holdings Group Co., Ltd., and Director of Guangzhou Yuexiu Financial Leasing Co., Ltd.
Independent Director
Xie Shisong, a member of the CPC, has a doctorate degree in law. He was a professor of the Law School of Sun Yat-sen University, an independent director of Efonda Fund Management Company Limited, Guangdong Guangzhou Daily Media Company Limited, Guangzhou Yangpu Medical Technology Company Limited, Guangdong Aoma Electrical Appliances Company Limited, Golden Eagle Fund Management Company Limited, Guangdong Province Advertisement Company Limited, Guangxi Wuzhou Zhongheng Group Company Limited, Weichuang Group Company Limited, Nasda Company Limited, Guangzhou Golan Energy-saving Technology Company Limited, and an independent director of Guangzhou Municipal Public Transportation Group Limited. Ltd., Guangzhou Golan Energy Saving Technology Co. He is currently an arbitrator of 14 national arbitration institutions including China International Economic and Trade Arbitration Commission (CIETAC), Shanghai International Economic and Trade Arbitration Commission (SIETAC), Shanghai Arbitration Commission (SAC), Guangzhou Arbitration Commission (GAC), Shenzhen International Arbitration Court (SIAC), Zhuhai International Arbitration Court (ZIAC), Foshan Arbitration Commission (FAC), Dongguan Arbitration Commission (DAC) and member of the expert advisory committees of some of them; a member of Guangzhou Yuexiu Capital Holdings Group Co. Ltd. and Guangdong Jiemeng Intelligent Equipment Co.
Independent Director
Liu Zhonghua, a member of the CPC, holds a master's degree and is a professor of accounting at Guangdong University of Foreign Studies. Currently, he is a member of the Chinese Accounting Association, the vice president of the Accounting Association of China Foreign Trade and Economic Cooperation, the executive vice president of the Guangdong Association of Management Accountants, the executive director of the Accounting Association of Guangdong Province, and the vice president of the Guangzhou Association of Accountants; and an independent director of Guangzhou Yuexiu Capital Holding Group Company Limited, Grimmie Company Limited and Lixun Precision Industry Company Limited.
Independent Directors
Feng Ke, a member of the CPC, has a doctorate degree, and is a professor and doctoral supervisor at the School of Economics of Peking University. He was an associate professor of the School of Software and Microelectronics and an associate professor of the School of Economics of Peking University, and an independent director of China Great Wall Computer Shenzhen Company Limited, Tiandiyuan Company Limited, Shenzhen Yushun Electronics Company Limited, Tianjin Zhongguo Lvdian Investment Company Limited, and Aoteka New Energy Technology Company Limited. He is currently an independent director of Guangzhou Yuexiu Capital Holdings Group Co., Ltd., Liaoning Chengda Co., Ltd. and Hainan Natural Rubber Industry Group Co.
Independent Director
Jiang Hai, a member of the CPC, holds a Ph.D. and currently serves as Vice Dean of the School of Economics at Jinan University, where he is a Professor and Doctoral Supervisor in Finance. Recognized as a Renowned Teaching Scholar in Guangdong Province, he is also a member of the Ministry of Education's Undergraduate Teaching Steering Committee for Finance, a member of the National Steering Committee for Master of Finance Programs, and Vice Chairman of the China Society for Game Theory and Experimental Economics. Additionally, he holds key roles such as Deputy Director of the Guangdong Provincial Undergraduate Teaching Steering Committee for Finance, Deputy Secretary-General and Vice Chairman of the Academic Committee of the Guangdong Society of Finance, among others. Beyond academia, he serves as an Independent Director for several financial institutions, including Guangzhou Yuexiu Capital Holdings Group Co., Ltd., Guangdong Maoming Rural Commercial Bank Co., Ltd., and Guangdong Huidong Rural Commercial Bank Co., Ltd.
The Company has a general manager and a number of deputy general managers, who are appointed or dismissed by the Board of Directors.
The general manager, deputy general manager, financial controller, secretary of the board of directors and other management personnel determined by the board of directors of the company are the senior management of the company.
The general manager is responsible to the board of directors and exercises the following powers and functions:
(i) presiding over the operation and management of the Company, organizing and implementing the resolutions of the Board of Directors, and reporting to the Board of Directors;
(ii) To organize and implement the Company's annual business plan and investment program;
(iii) To formulate the internal management organization setup plan of the Company;
(iv) To formulate the basic management system of the Company;
(v) To formulate specific regulations of the Company;
(vi) To request the Board of Directors to appoint or dismiss the deputy general manager and other senior management personnel of the Company;
(vii) Deciding to appoint or terminate the management personnel in charge of business and administration other than those to be appointed or terminated by the Board of Directors;
(viii) Other powers and functions granted by the Articles of Association or the Board of Directors.
General Manager, Secretary of the Board of Directors
Wu Yonggao, a member of the CPC, has a postgraduate degree, a master's degree, an accountant and a non-practicing member of CICPA. Previously, he served as Deputy General Manager of the Finance Department at Guangzhou Yuexiu Group Co., Ltd., and held key positions at Guangzhou Yuexiu Financial Holdings Group Co., Ltd., including General Manager of the Strategy Management Department, General Manager of the Finance Department, Assistant General Manager, and General Manager of the Finance Center at both Guangzhou Yuexiu Financial Holdings Group Co., Ltd. and Guangzhou Yuexiu Financial Holdings Group Co., Ltd. Currently, he serves as Deputy Party Secretary, Vice Chairman, General Manager, and Board Secretary of Guangzhou Yuexiu Capital Holdings Group Co., Ltd.; Vice Chairman and General Manager of Guangzhou Yuexiu Capital Holdings Co., Ltd.; Director of Guangzhou Asset Management Co., Ltd. and Guangzhou Yuexiu Industrial Investment Fund Management Co., Ltd.; Director and Deputy General Manager of Guangzhou Yuexiu Industrial Investment Co., Ltd.; and Director and General Manager of Yuexiu Financial International Holdings Limited.
Deputy General Manager
Li Wenwei, a member of the CPC, has a bachelor's degree and the title of engineer. He was the deputy head of Application Section I of the Information Technology Division of Bank of China Guangdong Branch, the head of Receipt and Payment Application Section and General Section of the Information Technology Division, the deputy director of the Information Technology Division, the deputy general manager and general manager of the Information Technology Department, and the head of the special working group (at the level of general manager of the department). Currently, he is the deputy general manager of Guangzhou Yuexiu Capital Holding Group Company Limited and Guangzhou Yuexiu Capital Holding Group Company Limited, the director of Guangzhou Futures Company Limited, and the vice president of Guangzhou Digital Financial Innovation Research Institute Company Limited.