Chapter One: General Principles
Article 1
To standardize Anhui WanNeng Co., Ltd. (hereinafter referred to as "the Company") and its subsidiaries' external financial assistance activities, prevent financial risks, and ensure the Company's stable operation, this system is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Management Measures for Information Disclosure of Listed Companies, the Stock Listing Rules of the Shenzhen Stock Exchange (hereinafter referred to as "the Listing Rules"), the Self-Regulatory Guidelines for Listed Companies on the Main Board of the Shenzhen Stock Exchange No. 1, and other relevant laws, regulations, and normative documents, as well as the provisions of the Articles of Association of Anhui WanNeng Co., Ltd. (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the Company.
Article 2
"External financial assistance" as referred to in this system means the Company and its subsidiaries providing funds, entrusted loans, etc., either for a fee or free of charge. However, the following situations are excluded:
- The Company provides loans or financing as its main business;
- The assistance is provided to a subsidiary within the consolidated financial statements with a shareholding ratio exceeding 50%, and the other shareholders of that subsidiary do not include the Company's controlling shareholder, actual controller, or their related parties;
- Other circumstances recognized by the China Securities Regulatory Commission or the Shenzhen Stock Exchange.
When the Company provides financial assistance to a subsidiary formed through joint investment with related parties, it shall follow the provisions of this system.
Article 3
If the Company has any of the following situations, it shall implement the provisions of this system:
- Providing assistance externally in the form of physical assets, intangible assets, etc., outside the main business scope;
- Incurring expenses for others;
- Providing the right to use assets free of charge or charging fees for the right to use assets significantly lower than the industry average;
- Paying advance payments significantly higher than the industry average;
- Other behaviors recognized by the Shenzhen Stock Exchange as constituting substantial financial assistance.
Article 4
The Company shall fully protect the legitimate rights and interests of shareholders, and external financial assistance shall adhere to the principles of equality and voluntariness.
Chapter Two: Responsibilities and Division of Work
Article 5
The Finance Department is the department responsible for the management of financial assistance provided by the Company, with the following main responsibilities:
- Responsible for conducting risk investigations regarding the asset quality, operational status, industry prospects, debt repayment ability, credit status, etc., of the recipients of financial assistance, and formulating adequate and effective risk prevention measures based on the risk investigation results;
- Responsible for preparing relevant reporting materials or proposals for providing financial assistance and submitting them for review at relevant decision-making meetings in accordance with the Company's regulations;
- Responsible for handling relevant procedures after the provision of financial assistance is approved at the Company's relevant deci