KINGNET(SZ:002517) Zheng Quan Zhi Xing·2025-06-13 11:25Core Viewpoint - The document outlines the management measures for subsidiaries of Kaiying Network Co., Ltd., aiming to enhance control mechanisms, promote standardized operations, and improve overall operational efficiency and risk resistance [1][2]. Group 1: General Principles - The management of subsidiaries must adhere to principles of strategic unity and collaborative development, ensuring alignment with the company's overall strategy [1]. - Subsidiaries are required to operate independently in daily management while ensuring compliance with relevant laws and regulations [2]. - The company retains rights over major decisions and management of subsidiaries through shareholder meetings and board of directors [2]. Group 2: Governance Structure - Subsidiaries must establish governance structures including shareholder meetings, boards of directors, and supervisory boards as per legal requirements [3]. - The company has the authority to inspect the operations of subsidiaries and ensure compliance with governance standards [3]. Group 3: Establishment and Deregistration of Subsidiaries - The establishment of subsidiaries must align with the company's strategic needs and requires approval from the company's general manager [4]. - Any transfer or disposal of subsidiary equity must also be approved by the general manager and reported to relevant departments [4]. Group 4: Personnel Appointment and Evaluation - The company appoints or recommends directors and senior management for subsidiaries, ensuring compliance with legal and internal regulations [5]. - Performance evaluations and compensation for appointed personnel are based on company policies [5]. Group 5: Financial Management - Subsidiaries must maintain independent accounting while adhering to the company's financial management guidelines [6]. - The company’s financial center oversees the financial activities of subsidiaries, ensuring compliance with accounting standards and budget management [6][7]. Group 6: Operational Management - Subsidiaries must comply with national laws and align their operational plans with the company's overall strategy [8]. - Regular reporting of key economic indicators and operational data to the company is mandatory [9]. Group 7: Internal Control Management - Subsidiaries are required to establish internal audit departments and comply with internal control standards set by the company [11]. - The company conducts regular audits and requires subsidiaries to rectify any identified issues [11]. Group 8: Information Reporting and Disclosure - Subsidiaries must adhere to strict information disclosure protocols, ensuring timely and accurate reporting of relevant information to the company [12]. - Confidentiality obligations are imposed on individuals aware of non-public information until it is officially disclosed [12].