Chapter 1 General Principles
Article 1
To fully protect the legal rights of Yuehai Yongshuntai Group Co., Ltd. (hereinafter referred to as "the Company") and all shareholders, ensure that the Company's related party transactions do not harm the interests of the Company and all shareholders, control the risks of related party transactions, and ensure that the Company's related party transactions comply with the principles of fairness, equity, and openness, these measures are formulated based on the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Shenzhen Stock Exchange Stock Listing Rules" (hereinafter referred to as "the Listing Rules"), and other relevant laws, regulations, normative documents, and the "Articles of Association of Yuehai Yongshuntai Group Co., Ltd." (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the Company.
Article 2
The Company shall ensure the legality, necessity, and fairness of related party transactions, maintaining the independence of the Company and not harming its interests. Parties to the transaction shall not conceal related relationships or take other measures to evade the Company's review procedures and information disclosure obligations for related party transactions.
Article 3
Related party transactions between the Company and related parties shall be executed through written agreements that clarify the rights, obligations, and legal responsibilities of the parties involved. The signing of agreements shall follow the principles of equality, voluntariness, equivalence, and compensation, and the content of the agreements shall be clear, specific, and enforceable.
Article 4
The Company shall take effective measures to prevent related parties from interfering with the Company's operations through monopolistic procurement or sales channels, harming the Company's interests. Related party transactions shall have commercial substance, and prices shall be fair, generally not deviating from the prices or charging standards of independent third parties in the market.
Chapter 2 Related Party Transactions and Related Parties
Article 5
The Company's related party transactions refer to matters involving the transfer of resources or obligations between the Company or its subsidiaries and related parties, including:
- Purchase of assets;
- Sale of assets;
- External investments (including entrusted financial management, investments in subsidiaries, etc.);
- Provision of financial assistance (including entrusted loans, etc.);
- Provision of guarantees (including guarantees for controlling subsidiaries, etc.);
- Leasing in or leasing out assets;
- Entrusted or entrusted management of assets and businesses;
- Gifts or receipt of gifts of assets;
- Debt or equity restructuring;
- Transfer or acquisition of research and development projects;
- Signing licensing agreements;
- Waiving rights (including waiving preemptive purchase rights, preemptive capital contribution rights, etc.);
- Purchase of raw materials, fuel, power;
- Sale of products and goods;
- Provision or acceptance of labor services;
- Entrusted or entrusted sales;
- Deposit and loan business;
- Joint investment with related parties (including capital increases, acquisition of non-related party investment shares resulting in joint investment with related parties, unilateral capital increases, reductions, or transfers of investment shares to subsidiaries or equity investees by related parties, etc.);
- Other matters that may cause the transfer of resources or obligations through agreements.
Article 6
The related parties referred to in these measures include related legal persons (or other organizations) and related natural persons.