COSCO SHIPPING Technology Co., Ltd.
Risk Resolution Plan for Financial Services Business at COSCO SHIPPING Group Finance Co., Ltd.
To effectively prevent, promptly control, and resolve risks in the financial services business of COSCO SHIPPING Technology Co., Ltd. (hereinafter referred to as the "Company") and its subsidiaries at COSCO SHIPPING Group Finance Co., Ltd. (hereinafter referred to as the "Finance Company"), and to safeguard fund security, in accordance with the "Self-Regulatory Guidelines for Listed Companies of Shenzhen Stock Exchange No. 7 – Transactions and Connected Transactions" and other relevant regulations, this Risk Resolution Plan is hereby formulated.
Chapter 1 Risk Resolution Organization and Responsibilities
Article 1 The Company establishes a Financial Services Risk Resolution Leading Group (hereinafter referred to as the "Leading Group") to organize the Company's efforts in preventing and resolving risks in the financial services business conducted at the Finance Company.
Article 2 The Leading Group shall be headed by the Company's General Manager as the group leader and the Company's Chief Accountant as the deputy group leader. The members of the Leading Group shall include personnel from the Company's Finance Management Department, Board Office, Legal and Risk Management Department/Securities Affairs Department, and other relevant departments.
Article 3 The Leading Group shall establish a Working Group, located at the Finance Management Department. The Working Group shall be headed by the Company's Chief Accountant as the working group leader, responsible for daily supervision and management, strictly controlling the financial services risks of the Finance Company, and initiating the risk resolution plan based on the risk situation.
Article 4 Responsibilities of the Financial Services Risk Resolution Organization:
- The Leading Group shall uniformly lead the emergency response to financial services risks and be fully responsible for the prevention and resolution of financial services risks.
- The Finance Management Department, Board Office, Legal and Risk Management Department/Securities Affairs Department, and other relevant departments shall, in accordance with their respective responsibilities, actively plan and implement measures to prevent and resolve risks, coordinating with each other to jointly prevent and resolve risks.
- The Working Group shall monitor the operational status of the Finance Company in real-time. Upon discovering any issues, it shall promptly report to the Leading Group and take decisive measures to prevent the spread and escalation of risks, minimizing financial services risks.
Article 5 As the risk emergency response organization, the Leading Group shall immediately initiate the emergency plan and carry out work in accordance with prescribed procedures once a risk occurs at the Finance Company.