Ankeren Electric Co., Ltd. Management System for External Investments
Chapter 1 General Provisions
Article 1 To strengthen the management of the company's external investment activities, ensure the standardization, legality, and effectiveness of external investment activities, and effectively protect the interests of the company and investors, this system is formulated in accordance with relevant national laws and regulations and the company's articles of association.
Article 2 For the purposes of this system, external investment refers to the business activities in which the company uses capital, physical assets, intangible assets, and other assets permitted by the "Company Law" as capital contributions to obtain equity, management rights, and other rights and interests. It mainly includes establishing joint ventures (cooperative) enterprises, mergers and reorganizations, and securities investments.
External investments are classified into short-term investments and long-term investments according to their investment objectives. Short-term investments mainly refer to investments that the company purchases and can be realized at any time and held for no more than one year (inclusive), including various stocks, bonds, funds, wealth management products, etc.
Long-term investments mainly refer to various investments for which the company contributes capital and which cannot be realized at any time or are not intended to be realized within one year, including bond investments, equity investments, and other investments, including but not limited to: (1) enterprises or business projects independently established or solely funded by the company; (2) joint venture, cooperative companies or development projects established by the company with other domestic or foreign independent legal entities; (3) equity participation in other domestic or foreign independent legal entities; (4) leasing of operating assets, entrusted management, or joint operation with others.
Chapter 2 Division of Labor and Authorization
Article 3 The company's external investment activities shall have a clear division of labor in terms of authorization, execution, accounting records, and asset custody, and no one person shall be responsible for any two of these tasks simultaneously.