Announcement Document
Securities Code: 000989 Securities Abbreviation: JiuZhiTang Announcement No.: 2026-029
JiuZhiTang Co., Ltd. External Investment Management System
(Approved at the fifth meeting of the eighth board of directors on August 12, 2021;
Revised at the thirteenth meeting of the ninth board of directors on March 25, 2026)
Chapter One General Principles
Article 1 In order to standardize the external investment behavior of JiuZhiTang Co., Ltd. (hereinafter referred to as "the Company"), improve investment efficiency, mitigate risks associated with investments, and effectively and reasonably utilize funds, this system is formulated in accordance with the Company Law of the People's Republic of China, the Civil Code of the People's Republic of China, and other national laws and regulations, normative documents, in conjunction with the Articles of Association and other company systems.
Article 2 The term "external investment" as used in this system refers to the various forms of investment activities conducted by the Company to obtain future returns by contributing a certain amount of monetary funds, equity, and assessed physical or intangible assets. This specifically includes: equity investments in newly established enterprises solely or jointly with others, capital increases in existing companies, asset or equity purchases, entrusted loans, financial assistance, securities investments, and entrusted wealth management (the amounts involved in securities investments and entrusted wealth management are calculated based on the invested principal, which can be recycled and used).
Article 3 The basic principles that external investment management should follow: align with the company's development strategy, rationally allocate corporate resources, promote the optimization of factor combinations, and create good economic benefits.
| Article 4 | This system applies to the Company and its wholly-owned subsidiaries and holding subsidiaries (hereinafter referred to as "subsidiaries"). | |
|---|---|---|
| Chapter Two Approval Authority for External Investments | ||
| Article 5 | The Company implements a professional management and hierarchical approval system for external investments. | |
| Article 6 | The approval of the Company's external investments shall strictly follow the approval procedures as stipulated in the Company Law and other relevant laws, regulations, and the Articles of Association. |
Article 7 The shareholders' meeting, board of directors, and chairman of the board are responsible for the decision-making of the Company's external investments, each making decisions within their respective authority. No other departments or individuals have the authority to make decisions regarding external investments.
Article 8 Approval Authority for External Investments
If the Company's external investment meets any of the following standards, it shall be submitted to the shareholders' meeting for review after being approved by the board of directors: