Workflow
中辰股份: 关联交易管理和决策制度

Core Viewpoint - The document outlines the management and decision-making system for related party transactions of Zhongchen Cable Co., Ltd, ensuring fairness, transparency, and protection of the rights of the company and non-related shareholders [1][2][3]. Group 1: Related Parties and Relationships - Related parties include both legal entities and natural persons that have significant control or influence over the company [3][4]. - Legal entities are considered related if they directly or indirectly control the company or hold more than 5% of its shares [2][4]. - Natural persons are considered related if they hold more than 5% of the company's shares, are directors or senior management, or are closely related family members of such individuals [2][5]. Group 2: Related Transactions - Related transactions involve the transfer of resources or obligations between the company and its related parties, including purchasing materials, selling products, and providing or receiving services [3][4]. - The company must adhere to principles of honesty, fairness, and non-detriment to the rights of non-related shareholders in these transactions [4][10]. Group 3: Decision-Making Procedures - The decision-making process for related transactions requires avoidance measures, ensuring that related parties do not interfere with company decisions [5][14]. - Transactions below certain thresholds can be approved by the general manager, while larger transactions require board or shareholder approval [17][18]. - Independent directors must review related transactions before they are submitted for board approval [19][20]. Group 4: Disclosure and Reporting - The company is required to disclose related transactions in a timely manner, including the nature of the transaction and its impact on the company and non-related shareholders [11][12]. - For ongoing related transactions, the company must report on their execution and any significant changes to the terms [9][10]. Group 5: Compliance and Amendments - The document stipulates that any amendments to the management system must be approved by the board and shareholders [36][37]. - The interpretation rights of the management system are reserved for the board [38].