SBT(SH:688392) Zheng Quan Zhi Xing·2025-07-23 16:14Core Viewpoint - The company has established a system to prevent major shareholders and their related parties from occupying company funds, aiming to protect the legal rights of all shareholders and creditors [1][2]. Group 1: Definition and Scope - Major shareholders are defined as those holding more than 5% of the company's shares [1]. - Related parties are defined according to relevant laws and regulations, including the Shanghai Stock Exchange rules [1]. - Fund occupation includes both operational and non-operational fund occupation [2]. Group 2: Restrictions on Fund Occupation - The company strictly limits the occupation of funds by major shareholders and their related parties, prohibiting practices such as prepaying expenses or providing funds without genuine transactions [2][3]. - Specific prohibited actions include lending company funds, covering expenses for major shareholders, and issuing commercial acceptance bills without real transaction backgrounds [2][3]. Group 3: Governance and Oversight - The board of directors is responsible for reviewing and approving transactions with major shareholders and their related parties, with significant transactions requiring shareholder meeting approval [3][4]. - The finance department must regularly check transactions and report findings to the board to prevent fund occupation [4][5]. Group 4: Legal and Disciplinary Measures - In cases of asset occupation by major shareholders, the board must take effective measures, including legal action if necessary [4][5]. - The company has mechanisms for freezing shares held by major shareholders in cases of asset occupation, with specific procedures for reporting and action [5][6]. Group 5: Accountability and Penalties - Directors and senior management are legally obligated to protect company assets, with potential disciplinary actions for those who facilitate or condone fund occupation [6][7]. - The company will impose penalties on responsible individuals and may pursue legal action for losses incurred by investors due to violations of this system [7][8].