Risk Continuous Assessment Report on China Power Finance Co., Ltd.
According to the Shenzhen Stock Exchange's "Self-Regulatory Guidelines for Listed Companies No. 7 - Transactions and Related Transactions," Yuanguang Software Co., Ltd. (hereinafter referred to as "Yuanguang Software" or "the Company") has conducted a continuous assessment of the risks associated with China Power Finance Co., Ltd. (hereinafter referred to as "CPFC") by reviewing its financial license, business license, and financial statements. The specific situation is reported as follows:
1. Basic Information of CPFC
CPFC is a non-bank financial institution approved by the People's Bank of China, with State Grid Corporation holding 51% and State Grid Yingda International Holdings Group Co., Ltd. holding 49%. It is regulated by the National Financial Regulatory Administration, with a registered capital of 28 billion yuan.
Legal Representative: Tan Yongxiang
Registered Address: Building 1, No. 18, Jianguomennei Street, Dongcheng District, Beijing
Company Type: Limited Liability Company (State-owned Holding)
Financial License Institution Code: L0006H211000001
Unified Social Credit Code: 91110000100015525K
Business Scope: Permitted items: Financial company services for enterprise groups. (Projects requiring approval must be conducted after obtaining approval from relevant departments, and specific business projects are subject to relevant approval documents or licenses.) (Prohibited and restricted projects according to national and municipal industrial policies are not allowed.)
2. Internal Control Management of CPFC
(1) Internal Control Organizational Structure
CPFC has established a corporate governance structure comprising the shareholders' meeting, board of directors, board of supervisors, and senior management, with clear responsibilities and effective checks and balances. The shareholders' meeting determines CPFC's operational policies and investment plans, reviews and approves reports from the board of directors and board of supervisors, and approves financial budgets and profit distribution plans. The board of directors is accountable to the shareholders' meeting, executes its resolutions, and decides on operational plans and investment proposals. The board has established a Strategic and Risk Management Committee to study and propose risk management policy recommendations and supervise the control of operational risks.