Ningxia Western Venture Industrial Co., Ltd. Compliance Management Regulations
Reviewed and approved by the 24th meeting of the 10th Board of Directors on June 22, 2026.
Chapter 1 General Provisions
Article 1 To thoroughly implement the thought of Xi Jinping on the rule of law, implement the strategy of comprehensively governing the country according to law, promote the comprehensive strengthening of compliance management by Ningxia Western Venture Industrial Co., Ltd. (hereinafter referred to as the Company), effectively prevent compliance risks, and strongly guarantee the Company's deepening reform and high-quality development, these Regulations are formulated in accordance with the "Company Law of the People's Republic of China," the "Law of the People's Republic of China on State-owned Assets of Enterprises," and other relevant laws and regulations, as well as the "Articles of Association" and other provisions, combined with the actual situation.
Article 2 For the purposes of these Regulations, compliance refers to the requirement that the business management activities of the Company and its subsidiaries, and the performance of duties by employees, comply with laws and regulations, regulatory provisions, industry standards, international treaties and rules, as well as the Company's Articles of Association and relevant rules and regulations.
Compliance risk refers to the possibility that the Company, its subsidiaries, and employees may incur legal liability, economic losses, reputational damage, or other adverse consequences due to non-compliant behavior during business operations and management.
Compliance management refers to organized and planned management activities aimed at effectively preventing compliance risks, guided by the improvement of lawful and compliant business management, and targeting the business management activities of enterprises and the performance of employee duties.
Article 3 The construction of the Company's compliance management system shall adhere to the following principles: (1) Integration into the core and service of development. Fully leverage the leadership role of the Company's Party Committee, implement the requirements of the national strategy for comprehensive governance according to law, focus on the Company's reform and development priorities, integrate Party leadership throughout the entire process of compliance management, consider the Company's governance mechanisms and operational characteristics, and place greater emphasis on using legal and compliant thinking and methods to overcome reform challenges and enhance development advantages. Effectively leverage the supporting, risk-preventing, and value-creating role of law and compliance in all aspects of the Company's reform and development.
(2) Comprehensive coverage and emphasis on priorities. Embed compliance requirements into all areas and aspects of business management, covering the entire process of decision-making, execution, and supervision, and implementing them in all business processes, management levels, and job positions to achieve full compliance coverage. Simultaneously, based on the Company's overall business characteristics and changes in the external environment, focus on managing key areas, major processes, and personnel in critical positions, grasping key points and controlling priorities.
(3) Leadership by example and compliance by all. Firmly grasp the "key minority" of leading cadres, significantly enhance the compliance awareness of leaders at all levels, and fully leverage their exemplary role in prioritizing and practicing compliance. Further strengthen compliance management publicity and education, cultivate a compliance culture, and form a good atmosphere and virtuous cycle of compliance by all and proactive compliance.
(4) Clear responsibilities and practical efficiency. In accordance with the requirement that "managing business means managing compliance," plan, deploy, inspect, and assess compliance management together with business management and production operations. Clarify the responsibilities of each entity in promoting the construction of the compliance management system, define the compliance management functions of each department, and achieve multi-party linkage and top-down integration through scientific and reasonable work mechanisms and processes, fully utilizing information technology such as big data to improve management efficiency.