Chapter 1 General Principles
Article 1
To standardize the external investment activities of Suzhou Kede Education Technology Co., Ltd. (hereinafter referred to as "the Company"), establish effective decision-making and risk constraint mechanisms for external investments, and achieve asset preservation and appreciation, this system is formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Shenzhen Stock Exchange GEM Listing Rules, and other relevant laws, administrative regulations, normative documents, and the Articles of Association of Suzhou Kede Education Technology Co., Ltd. (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the Company.
Article 2
The term "external investment" in this system refers to various forms of investment made by the Company using monetary funds, physical assets, equity, intangible assets, or other asset forms to implement the Company's development strategy and enhance its competitiveness, including but not limited to:
- Equity investment, including establishing or increasing capital in controlling or participating companies (excluding wholly-owned subsidiaries), domestic and foreign mergers and acquisitions, joint ventures, and cooperation (including contributions to establish private equity investment funds and the acquisition of shares in private equity investment funds);
- Financial investment, including securities investment, futures investment, entrusted loans, insurance product investment, wealth management product investment, financial derivatives investment, etc., aimed at obtaining financial investment returns;
- Other forms of external investment as stipulated by laws and regulations.
Article 3
The basic principles that the Company's external investment management should follow are:
- Compliance with national laws and regulations and alignment with national industrial policies;
- Compliance with the provisions of the Articles of Association and other corporate governance systems;
- Alignment with the Company's development strategy and planning requirements, rational allocation of corporate resources, and creation of good economic benefits;
- Cautious attention to risks to ensure the safe operation of funds.
Article 4
According to national requirements for managing investment activities, necessary approval procedures must be followed for investments requiring government department approval.
Article 5
This system applies to the external investment activities of the Company and its wholly-owned and controlling subsidiaries (hereinafter referred to as "subsidiaries").
Chapter 2 Approval Authority for External Investments
Article 6
The Company's Board of Directors' Development and Strategy Committee is a specialized deliberative body responsible for coordinating and organizing the analysis and research of external investment projects and providing recommendations for decision-making.
Article 7
The shareholders' meeting, Board of Directors, and Chairman of the Board are responsible for the decision-making of the Company's external investments, each within their authority, making decisions in accordance with laws and regulations, the Articles of Association, and this system.