Chapter 1 General Principles
Article 1
To further improve the corporate governance structure, standardize the investment decision-making process of Beijing Vito Electric Co., Ltd. (hereinafter referred to as "the Company"), enhance decision-making efficiency, clarify decision-making responsibilities, ensure scientific decision-making, and safeguard the Company's legal rights and the safety, integrity, and effective operation of its assets, this system is formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Shenzhen Stock Exchange Listing Rules, and the Self-Regulatory Guidelines for Listed Companies No. 1 - Standardized Operations of Main Board Listed Companies, along with relevant provisions of the Articles of Association of Beijing Vito Electric Co., Ltd. (hereinafter referred to as "the Articles of Association").
Article 2
The term "investment" in this system refers to the following investment activities conducted by the Company both domestically and internationally for the purpose of profit or value preservation and appreciation:
- Equity investment in newly established enterprises;
- Capital increase and equity acquisition investments in existing enterprises;
- Capital increase and equity acquisition investments in current investment enterprises;
- Investments in stocks and funds;
- Investments in bonds, entrusted loans, and other debt instruments;
- Investments in operational projects and assets of the Company;
- Other investments.
Article 3
According to national requirements for managing investment activities, investment projects that require government department approval must go through the necessary approval procedures to ensure the legality and compliance of the Company's investment activities, in line with national macroeconomic policies.
Chapter 2 Organizational Structure of Investment Management
Article 4
The Company's shareholders' meeting, board of directors, and general manager's office are the decision-making bodies for the Company's investments, each making decisions within their respective authority.
Article 5
The general manager of the Company is the main person responsible for the implementation of investments, responsible for planning, organizing, and monitoring the financial and material aspects of new projects, and should report the investment progress to the board of directors in a timely manner, proposing adjustment suggestions to facilitate timely revisions by the board of directors and shareholders' meeting.
Article 6
The internal responsible departments of the Company are responsible for evaluating the investment benefits of investment projects, while the finance department is responsible for raising funds and handling capital contribution procedures.
Article 7
The board of directors, the audit committee of the board, and the internal audit department have the right to review and conduct regular audits of the Company's investment activities as per regulations. The internal audit department must accept supervision and guidance from the audit committee of the board during its work. To fully exercise the above powers, relevant institutions may hire external auditing firms when necessary and have the right to review financial statements, accounting records, and other materials of external investment subsidiaries.
Chapter 3 Investment Decision-Making Authority
Article 8
Investment project initiation is subject to approval by the board of directors and shareholders' meeting according to their respective authorities.
Article 9
If the Company's investment amount reaches any of the following standards, it must be reviewed by the board of directors and disclosed in a timely manner:
- The total assets involved in the transaction account for more than 10% of the Company's most recent audited total assets; if both book value and appraisal value exist, the higher value shall prevail;
- The net asse