Management Measures for Raised Funds
Chapter 1 General Provisions
Article 1 To strengthen and standardize the management of funds raised by Shaanxi MeNeng Clean Energy Group Co., Ltd. (hereinafter referred to as the "Company") through stock issuance, improve its utilization efficiency and effectiveness, and in accordance with the "Company Law," "Regulatory Rules for the Supervision of Funds Raised by Listed Companies," and other laws, regulations, normative documents, and the "Articles of Association," these Measures are formulated.
Article 2 "Raised funds" as referred to in these Measures means funds raised by the Company from investors through the issuance of stocks or other equity-based securities for specific purposes, excluding funds raised by the Company for the implementation of equity incentive plans.
Article 3 Where a fund-raising project is implemented through a subsidiary of the Company or another enterprise controlled by the Company, the Company shall ensure that such subsidiary or controlled enterprise complies with these Management Measures for Raised Funds.
Article 4 The Company's directors and senior management shall diligently perform their duties, supervise the Company's standardized use of raised funds, and consciously safeguard the safety of the Company's raised funds. They shall not participate in, assist, or condone the Company's unauthorized or disguised change of the purpose of raised funds. If the Company, its controlling shareholders and actual controllers, directors, senior management, or other personnel or entities violate these Measures, causing losses to the Company, the responsible parties shall bear legal liabilities, including but not limited to civil compensation, in accordance with laws and regulations.