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Hanhua Financial Holding Overhauls Governance but Shareholders Reject Cumulative Voting Changes

Story Highlights
  • Shareholders approved major governance changes, including abolishing the board of supervisors and amending meeting, board and constitutional rules.
  • Proposals to elect directors via a cumulative voting system were decisively rejected, revealing strong shareholder resistance to altering director election methods.
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Hanhua Financial Holding Overhauls Governance but Shareholders Reject Cumulative Voting Changes

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The latest update is out from Hanhua Financial Holding Co., Ltd. Class H ( (HK:3903) ).

Hanhua Financial Holding Co., Ltd. reported the poll results of its extraordinary general meeting held on 19 December 2025 in Chongqing, where shareholders representing about 49.15% of issued share capital were present or represented. Shareholders approved resolutions to abolish the board of supervisors, amend the procedural rules for shareholders’ general meetings and the board of directors, and amend the company’s articles of association, marking a significant overhaul of the company’s governance framework. However, resolutions related to electing non-independent directors via a cumulative voting system and the election of directors through that cumulative voting system were voted down by large margins, indicating notable shareholder resistance to the proposed changes in director election mechanisms and signaling ongoing debate over the company’s governance structure and board composition.

More about Hanhua Financial Holding Co., Ltd. Class H

Hanhua Financial Holding Co., Ltd. is a PRC-incorporated joint stock limited liability company listed in Hong Kong (stock code: 3903), operating in the financial services sector. The company serves both domestic and international investors through its domestic and H-share structure, with a total issued share capital of 4.6 billion shares split between domestic and H shares.

YTD Price Performance: 5.66%

Technical Sentiment Signal: Sell

Current Market Cap: HK$772.8M

For an in-depth examination of 3903 stock, go to TipRanks’ Overview page.

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