Chapter One General Provisions
Article 1
To fully protect the interests of the company, its shareholders, and minority shareholders, ensure the fairness of related party transactions, and prevent such transactions from harming the interests of the company and all shareholders, this system is established in accordance with the relevant regulations of the China Securities Regulatory Commission regarding related party transactions, 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, and the Articles of Association, combined with the actual situation of the company.
Article 2 Related Parties
- Related parties of the company include related legal entities (or other organizations) and related natural persons.
- A legal entity or other organization is considered a related legal entity if it meets one of the following conditions:
Condition Description 1 Directly or indirectly controls the company. 2 Controlled directly or indirectly by the entity in condition 1, excluding the company and its subsidiaries. 3 Controlled directly or indirectly by related natural persons listed in this article, excluding the company and its subsidiaries. 4 Holds more than 5% of the company's shares and its concerted actors. 5 Other entities recognized by the CSRC, SZSE, or the company as having a special relationship with the company that may lead to a bias in the company's interests. - A natural person is considered a related natural person if they meet one of the following conditions:
Condition Description 1 Directly or indirectly holds more than 5% of the company's shares. 2 A director or senior management of the company. 3 A director, supervisor, or senior management of the legal entities or organizations listed in condition 2. 4 Close family members of the individuals in conditions 1 and 2. 5 Other individuals recognized by the CSRC, SZSE, or the company as having a special relationship with the company that may lead to a bias in the company's interests. - Legal entities or natural persons that meet one of the following conditions are deemed related parties:
Condition Description 1 Will have one of the conditions in Article 2(2) or (3) within the next twelve months due to agreements or arrangements. 2 Had one of the conditions in Article 2(2) or (3) within the past twelve months.