Financial Management System

Chapter 1 General Principles

Article 1

To strengthen financial management and economic accounting at Beijing Vito Electric Co., Ltd. (hereinafter referred to as "the Company"), standardize financial behavior, improve economic efficiency, and protect shareholder rights, this system is formulated in accordance with the Accounting Law of the People's Republic of China, the Enterprise Accounting Standards, the Enterprise Accounting System, and other relevant national laws, administrative regulations, and the Company's articles of association.

Article 2

The Company shall establish and improve various financial management systems, carry out foundational financial management work, enhance internal control systems, accurately reflect financial status, operational results, and cash flow, pay national taxes in accordance with the law, enjoy national tax preferential policies legally, and accept internal and external supervision and inspection.

Article 3

The basic tasks and methods of financial management are to plan, control, account for, analyze, forecast, and assess all financial revenues and expenditures, reasonably raise funds, promote the rational allocation and efficient operation of assets, strive to improve economic efficiency, and maximize shareholder value.

Article 4

All financial activities of the Company and its subsidiaries must comply with this system.

Chapter 2 Financial Institutions and Basic Functions

Article 5

The Company shall appoint one financial director, who shall manage the Company's financial activities under the leadership of the Board of Directors and the General Manager. The basic functions of the financial director are as follows:

1. Execute the resolutions of the Board of Directors and decisions of the General Manager, and report work regularly;
2. Lead the Company's financial department and accounting personnel to implement national financial policies, laws, and systems, prevent violations of financial laws, and support financial personnel in exercising their powers according to the law;
3. Establish and improve the Company's internal accounting control system and financial management system, formulate accounting processes and policies, and carry out accounting and accounting supervision;
4. Participate in the research and formulation of the Company's development strategy and major operational decisions, co-sign economic matters involving significant financial revenues and expenditures;
5. Organize the preparation and execution of financial budgets, plan, control, account for, analyze, and assess the Company's financial activities, and urge the Company and its units to reduce costs, save expenses, and improve economic efficiency;
6. Responsible for the management of the Company's fund raising, usage, and allocation;
7. Responsible for the establishment of the Company's financial institutions, to be executed after the General Manager's approval;
8. Guide the work of subsidiary financial directors;
9. Responsible for the Company's tax planning;
10. Other tasks assigned by the Board of Directors or the General Manager.

Article 6

The Company shall establish a financial center, which shall be managed by the financial director under the leadership of the Board of Directors and the General Manager, specifically responsible for financial management work. Its basic functions are as follows:

1. Execute the decisions of the Board of Directors, General Manager, and financial director, and report work;
2. Responsible for guiding and supervising the implementation of the internal accounting control system and financial management system;
3. Uniformly formulate the Company's accounting processes and accounting policies, responsible for the accounting of the parent company, and accountable for the Company's financial reports;
4. Responsible for preparing the Company's financial budget and fund budget, managing the Company's fund raising and usage;
5. Responsible for reviewing, analyzing, and controlling the Company's external investments and major capital expenditures;
6. Responsible for tax planning and coordinating daily tax inspections and various inspections with tax authorities;
7. Other tasks assigned by the Board of Directors, General Manager, or financial director.