Basic Information of the Financial Company
Bingtong Financial Co., Ltd. (hereinafter referred to as "the Financial Company") was established on June 4, 1997, originally as North Industrial Group Financial Co., Ltd. It was renamed in November 2001 and underwent several capital increases and business scope changes, with the latest increase in 2020, raising its registered capital to 634 million yuan. On February 6, 2024, it received a new financial license approved by the Beijing Regulatory Bureau of the National Financial Supervision Administration. The registered capital is 634 million yuan, with the following shareholder structure and contribution ratios:
| No. | Shareholder Name | Contributed Capital (10,000 yuan) | Percentage (%) |
|---|---|---|---|
| 1 | China North Industries Group Co., Ltd. | 294,600.00 | 46.466 |
| 2 | China North Industrial Co., Ltd. | 60,000 | 9.464 |
| 3 | Beijing North Vehicle Group Co., Ltd. | 35,600 | 5.615 |
| 4 | North Information Control Research Institute Group Co., Ltd. | 34,000 | 5.363 |
| 5 | Weapons Industry Agency Service Center | 22,000 | 3.470 |
| 6 | Inner Mongolia First Machinery Group Co., Ltd. | 20,000 | 3.155 |
| 7 | Xi'an Modern Control Technology Research Institute | 18,000 | 2.839 |
| 8 | China North Chemical Research Institute Group Co., Ltd. | 17,400 | 2.744 |
| 9 | North Automatic Control Technology Research Institute | 16,000 | 2.524 |
| 10 | China North Vehicle Research Institute | 16,000 | 2.524 |
| 11 | Jinxi Industrial Group Co., Ltd. | 14,100 | 2.224 |
| 12 | Xi'an Electronic Engineering Research Institute | 12,600 | 1.987 |
| 13 | LiaoShen Industrial Group Co., Ltd. | 12,000 | 1.893 |
| 14 | North Night Vision Technology Research Institute | 12,000 | 1.893 |
| 15 | Northwest Industrial Group Co., Ltd. | 12,000 | 1.893 |
| 16 | Wuzhou Engineering Design Institute | 10,000 | 1.577 |
| 17 | North Real Estate Development Co., Ltd. | 9,500 | 1.498 |
| 18 | North Optoelectronics Group Co., Ltd. | 9,200 | 1.451 |
| 19 | Jinxi Axle Co., Ltd. | 9,000 | 1.420 |
| Total | 634,000.00 | 100.000 |
The legal representative of the Financial Company is Wang Shixin. The business scope of the Financial Company includes: (1) accepting deposits from member units; (2) providing loans to member units; (3) handling bill discounting for member units; (4) managing fund settlement and payment for member units; (5) providing entrusted loans, bond underwriting, non-financial guarantees, financial consulting, credit verification, and consulting agency services for member units; (6) engaging in interbank borrowing; (7) handling bill acceptance for member units; (8) managing buyer credit and consumer credit for member units; (9) investing in fixed-income securities.
Objectives and Principles of Internal Accounting Control System
Objectives of Internal Control
- Ensure compliance with national laws and the internal regulations of the Financial Company.
- Ensure the comprehensive implementation and achievement of the Financial Company's development strategy and operational objectives.
- Ensure the effectiveness of the risk management system.
- Ensure the timeliness, authenticity, and completeness of business records, financial information, and other management information.