Core Points - The document outlines the decision-making system for related party transactions of Guangzhou HuanTou Yongxing Group Co., Ltd, ensuring fairness, justice, and transparency in transactions with related parties [1][2] - The system is established in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1][2] Group 1: Related Parties and Relationships - Related parties include both legal entities and natural persons that have a significant influence or control over the company [3][4] - Specific criteria are defined for identifying related legal entities and natural persons, including ownership stakes and management positions [4][5] - The document emphasizes the importance of assessing the nature and extent of influence that related parties have over the company [10] Group 2: Related Transactions - Related transactions are defined as resource or obligation transfers between the company and its related parties, covering a wide range of activities such as asset sales, financial assistance, and management services [12][13] - The company must ensure that related transactions are legal, necessary, reasonable, and fair, maintaining independence and avoiding financial manipulation [13][14] - Pricing principles for related transactions are established, including adherence to market prices or cost-plus pricing when market prices are unavailable [15][16] Group 3: Decision-Making Procedures - The document outlines the decision-making procedures for related transactions, requiring avoidance measures for related directors and shareholders during voting [17][18] - Specific thresholds for board and shareholder approval are set, including transactions exceeding 30 million yuan or 5% of the latest audited net assets [20][21] - The company is required to disclose related transactions in its annual and semi-annual reports, ensuring transparency [22][23]
永兴股份: 永兴股份关联交易决策制度