Core Viewpoint - The company has established a comprehensive system to regulate its external investment activities, aiming to enhance management, mitigate risks, and improve investment efficiency [1]. External Investment Definition - External investment refers to profit-oriented or value-preserving investments made by the company both domestically and internationally, including equity investments, financial asset purchases, and other forms of investment [1]. Investment Decision and Approval Authority - The company has a structured approval process for external investments, categorized into four levels: shareholder meeting, board of directors, general manager's office meeting, and general manager [2]. - Specific thresholds for board and shareholder approval are set, including asset totals exceeding 50% of total audited assets or transaction amounts exceeding 50% of net assets [2][3]. Investment Management and Oversight - A designated body is responsible for evaluating the feasibility, risks, and returns of significant investment projects, with a requirement to report any anomalies to the board [1][6]. - The board is tasked with regularly monitoring the progress and effectiveness of major investments, holding responsible parties accountable for any deviations from expected outcomes [14][15]. Financial Management and Record Keeping - The finance department must maintain comprehensive financial records of external investments, ensuring detailed accounting for each project [8]. - The company may appoint financial directors to oversee the financial integrity of its subsidiaries [8]. Investment Transfer and Recovery - The company can recover investments under specific circumstances, such as project completion or inability to repay debts [30]. - Investment transfers require thorough analysis and approval processes similar to those for initial investments [29]. Information Disclosure and Confidentiality - The company must adhere to strict information disclosure obligations as per relevant regulations, ensuring that all stakeholders are informed of investment activities [26][27].
新世界: 新世界对外投资管理制度(2025年修订)