NHD(SZ:002264) Zheng Quan Zhi Xing·2025-07-07 16:13Core Points - The article outlines the management system for related party transactions of Xinhua Duh Technology Co., Ltd, emphasizing the importance of fairness, openness, and justice in transactions to protect the rights of shareholders and creditors, especially minority investors [1][2][3] Related Party Definition - Related parties include both legal entities and natural persons that have significant control or ownership over the company, specifically those holding more than 5% of shares or having close familial relationships with key company personnel [2][4] Related Transactions - Related transactions encompass a wide range of activities, including asset purchases, financial assistance, guarantees, and various forms of investment and management agreements [4][5] Principles of Related Transactions - Related transactions must adhere to principles of equality, voluntariness, and fairness, ensuring that minority investors' rights are not compromised [6][9] Pricing of Related Transactions - The pricing of related transactions should primarily follow market prices, and the specific pricing methods must be clearly defined in the related transaction agreements [10][11] Approval Authority - Transactions with related natural persons under RMB 300,000 and with related legal entities under RMB 3 million or 0.5% of the latest audited net assets can be approved by the general manager [12][13] Financial Assistance and Guarantees - The company is generally prohibited from providing financial assistance to related parties, with specific exceptions for minority shareholders in joint ventures, which require approval from non-related directors [14][15] Disclosure Obligations - The company must fulfill disclosure obligations for related transactions, especially those involving significant amounts or that deviate from standard practices [16][17] Decision-Making Procedures - The decision-making process for related transactions involves strict protocols, including the avoidance of participation by related parties in voting and the necessity for independent director approval [18][19] Compliance and Reporting - The company’s various departments are responsible for reporting and managing related transactions, ensuring compliance with established procedures and timely disclosures [20][21]