Chapter 1 General Principles
Article 1
To standardize the financing activities of Beijing Jinyi Cultural Development Co., Ltd. (hereinafter referred to as "the Company"), strengthen financing management, effectively prevent financing risks, and protect the legitimate rights and interests of the Company and its investors, this system is formulated 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, and other relevant laws, regulations, and normative documents, as well as the provisions of the Articles of Association, combined with the actual situation of the Company.
Article 2
The term "financing" in this system includes equity financing and debt financing. Equity financing refers to financing that increases equity capital after completion, including issuing stocks, rights issues, convertible bonds, etc.; debt financing refers to financing that increases liabilities after completion, including loans from banks or non-bank financial institutions, issuing bonds, medium-term notes, short-term financing bonds, financing leases, bill financing, and issuing guarantees.
Article 3
The Company's financing shall adhere to the following principles:
- Legality Principle: Comply with relevant national laws, regulations, rules, state-owned asset supervision requirements, and the Articles of Association.
- Unified Management Principle: The Company shall implement unified management of financing.
- Controllable Risk Principle: Establish and improve the financing risk prevention and control mechanism to ensure the safety of funds and liquidity.
- Efficiency Principle: Reasonably select financing methods, optimize financing structure, and improve the efficiency of financing funds.
- Appropriateness Principle: Plan and arrange financing scale reasonably, ensuring that the financing structure and term match the Company's development strategy.
- Capital Structure Balance Principle: Reasonably balance the impact of capital structure on the Company's stability, refinancing, or capital operations, optimizing the ratio of equity financing to debt financing.
Article 4
This system applies to the Company and its subsidiaries. The term "subsidiaries" refers to wholly-owned subsidiaries, holding subsidiaries, and other entities included in the Company's consolidated financial statements that are directly or indirectly held by the Company (hereinafter referred to as "subsidiaries"). Subsidiaries may formulate more detailed financing management implementation rules based on their actual situation within the framework of this system, provided that their content does not conflict with this system and is implemented after being reviewed and filed with the Company.
Chapter 2 Management Institutions and Responsibilities
Article 5
The Company's shareholders' meeting, board of directors, and general manager's office shall make decisions on financing matters within their respective authority. Major financing matters shall be discussed by the board's strategic committee and submitted to the board for deliberation and decision. Matters exceeding the board's authority shall be submitted to the shareholders' meeting for approval.