System for Preventing Fund Occupation by Controlling Shareholders, Actual Controllers, and Other Related Parties
Article 1
In order to establish a long-term mechanism to prevent the occupation of company funds by controlling shareholders, actual controllers, and other related parties at Shaanxi Meinuo Clean Energy Group Co., Ltd. (hereinafter referred to as "the Company"), and to eliminate such behaviors, 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 Regulatory Guidelines No. 8 for Listed Companies—Regulatory Requirements for Fund Transactions and External Guarantees, the Shenzhen Stock Exchange Listing Rules, and other relevant laws, regulations, normative documents, and the Company's Articles of Association.
Article 2
The directors and senior management of the Company have a legal obligation to maintain the safety of the Company's funds.
Article 3
The term "fund occupation" as used in this system includes but is not limited to: operational fund occupation and non-operational fund occupation. Operational fund occupation refers to fund occupation arising from related transactions in production and operation processes, such as procurement and sales, by controlling shareholders, actual controllers, and other related parties. Non-operational fund occupation refers to funds advanced by the Company and its subsidiaries for wages, benefits, insurance, advertising, and other expenses for controlling shareholders, actual controllers, and other related parties, as well as funds lent directly or indirectly to them, and debts incurred due to guarantees provided for them, among other situations where funds are provided without corresponding goods or services.
Article 4
The Company must strictly prevent non-operational fund occupation by controlling shareholders, actual controllers, and other related parties and work on establishing a long-term mechanism to prevent such occupation.
Article 5
The Company shall separate personnel, assets, and finances from those of controlling shareholders, actual controllers, and other related parties, ensuring independent institutions and operations, and each shall independently account for and bear responsibilities and risks. The personnel of the Company must be independent of controlling shareholders, actual controllers, and other related parties. The Company's assets must be independent, complete, and clearly owned, and must not be occupied or allocated by directors, senior management, controlling shareholders, actual controllers, or other related parties.
Article 6
The Company's board of directors and other internal institutions must operate independently and exercise management rights independently, without any institutional confusion that affects the Company's independent operations with controlling shareholders, actual controllers, and other related parties.
Article 7
In transactions involving operational funds with controlling shareholders, actual controllers, and other related parties, the Company must strictly limit the occupation of funds by them. Controlling shareholders, actual controllers, and other related parties shall not request the Company to advance wages, benefits, insurance, advertising, or other period expenses, nor shall they bear costs and other expenses for each other.