Chapter 1 General Principles
Article 1
Zhejiang Fu Holding Group Co., Ltd. (hereinafter referred to as "the Company") formulates this system to regulate the provision of financial assistance to external parties, prevent financial risks, and ensure the Company's stable operation, in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Shenzhen Stock Exchange Listing Rules (hereinafter referred to as "the Listing Rules"), the Self-Regulatory Guidelines for Listed Companies No. 1 - Guidelines for Standardized Operations of Main Board Listed Companies (hereinafter referred to as "the Standardized Operation Guidelines"), and other relevant laws, regulations, normative documents, and the Articles of Association of Zhejiang Fu Holding Group Co., Ltd. (hereinafter referred to as "the Articles of Association").
Article 2
The term "provision of financial assistance to external parties" in this system refers to the Company's and its controlling subsidiaries' actions of providing funds, entrusted loans, etc., either for a fee or free of charge, except for the following situations:
- The Company’s main business is providing loans or financing services to external parties;
- The recipient of the assistance is a controlling subsidiary within the scope of the Company’s consolidated financial statements, holding more than 50% of the shares, and the other shareholders of that subsidiary do not include the Company’s controlling shareholder, actual controller, or their related parties;
- Other circumstances recognized by the China Securities Regulatory Commission or the Shenzhen Stock Exchange.
Article 3
The Company shall implement the provisions of this system in the following situations:
- Providing financial assistance externally in the form of physical assets, intangible assets, etc., outside the main business scope;
- Incurring expenses on behalf of others;
- Providing the right to use assets free of charge or charging fees for the right to use assets that are significantly lower than the industry average;
- Paying advance payments that are significantly higher than the industry average;
- Other actions recognized by the Shenzhen Stock Exchange as constituting substantial financial assistance.
Article 4
The Company shall fully protect the legitimate rights and interests of shareholders, and the provision of financial assistance to external parties shall adhere to the principles of equality, voluntariness, and fairness.