XTAD(SH:600359) Zheng Quan Zhi Xing·2025-08-11 16:26Core Viewpoint - The company has established a draft internal control system for external guarantees to protect investors' rights and ensure the safety of company assets while preventing risks [1]. Group 1: General Principles - The internal control system is based on relevant laws and regulations, including the Civil Code of the People's Republic of China and the Company Law [1]. - External guarantees refer to the company providing guarantees, mortgages, or pledges on behalf of others, including loans and letters of credit [1]. - The company and its subsidiaries are subject to this system, and any external guarantees must be approved by the board of directors or shareholders [1][2]. Group 2: Approval Authority - The highest decision-making body for external guarantees is the shareholders' meeting, while the board of directors exercises decision-making authority based on the company's articles of association [3]. - Guarantees for related parties must be disclosed after board approval and submitted for shareholder review [3][4]. Group 3: Risk Control Measures - The company can only provide guarantees to entities with independent legal status and strong debt repayment capabilities [2]. - The company must conduct thorough credit assessments of the guaranteed parties and ensure that the risks are manageable [2][5]. Group 4: Contractual Obligations - Written guarantee contracts must be established after approval, detailing the rights, obligations, and liabilities of all parties involved [6][7]. - The finance and legal departments are responsible for reviewing and managing guarantee contracts [7][8]. Group 5: Information Disclosure - The company’s board secretary is responsible for disclosing information related to external guarantees, adhering to regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange [9][10]. - Timely disclosure is required if the guaranteed party fails to meet repayment obligations or faces bankruptcy [10]. Group 6: Accountability - All directors must strictly review external guarantee matters according to the established system and relevant laws, bearing joint liability for any losses incurred from improper guarantees [11]. - The company will pursue accountability for any personnel who exceed their authority in signing guarantee contracts or fail to perform their duties [11].