Breo(SH:688793) Zheng Quan Zhi Xing·2025-08-01 16:36Core Viewpoint - The document outlines the management system for subsidiaries of Shenzhen Beiliang Technology Co., Ltd., emphasizing compliance with laws and regulations, financial management, operational efficiency, and alignment with the company's long-term strategic goals [1][2]. Group 1: Management Objectives - Ensure subsidiaries comply with national laws and regulations for legal operations [4] - Safeguard the safety and integrity of subsidiary assets [4] - Guarantee the authenticity, accuracy, and completeness of financial reports and related information from subsidiaries [4] - Enhance operational efficiency and effectiveness of subsidiaries [4] - Align subsidiary operations with the company's long-term development plans and strategic direction [4] Group 2: Governance Structure - Subsidiaries must establish governance structures in accordance with the Company Law and their own articles of association [6] - Subsidiaries are required to have a board of directors or a single director, with the number of members determined by their articles of association [7] - The board of directors is responsible for reporting to shareholders, executing shareholder decisions, and formulating operational plans and financial budgets [8] Group 3: Financial Management - Subsidiaries must establish financial management systems in compliance with national laws and regulations, subject to approval by the company's finance department [6] - Monthly financial reports must be submitted to the company's finance department by the 10th of each month, including operational reports and financial statements [15] - Any changes in accounting policies or estimates must be reported to the company for approval [17] Group 4: Operational Management - Subsidiaries must adhere to national laws and regulations in their operations and align their management goals with the company's overall development plan [18] - The general manager of the subsidiary is responsible for preparing annual work reports and operational plans for approval [19] - Significant operational and financial matters must be reported to the company in a timely manner [25] Group 5: Internal Audit and Supervision - The company conducts regular or irregular audits of subsidiaries, focusing on financial audits and compliance with internal control systems [26] - Subsidiaries must cooperate with audits and implement corrective measures based on audit findings [29] - The company may conduct routine checks to ensure compliance with governance structures and financial management [30] Group 6: Performance Evaluation and Incentives - Subsidiaries are required to establish performance evaluation and incentive systems to motivate management and staff [31] - Annual evaluations of senior management must be conducted, with the finance department having the authority to evaluate financial personnel [33] - The company reserves the right to propose penalties for management personnel who fail to fulfill their responsibilities, leading to losses for the company or subsidiaries [34]