ZNHI(SZ:002445) Zheng Quan Zhi Xing·2025-08-19 09:14Core Points - The article outlines the financial assistance management system of Zhongnan Hong Culture Group Co., Ltd, aimed at regulating external financial assistance and preventing financial risks [1][2] - The system specifies the conditions under which the company and its subsidiaries can provide financial assistance, including exceptions for certain financing activities and specific types of subsidiaries [1][3] - Approval processes for financial assistance require a majority of the board of directors and, in certain cases, shareholder meetings [2][4] Group 1: General Provisions - The financial assistance provided by the company includes both compensated and uncompensated funding, such as loans [1] - Certain situations are exempt from this regulation, including when the assistance is provided to subsidiaries where the company holds more than 50% ownership [1][3] - The company must evaluate the financial health and repayment ability of the recipient before providing assistance [2] Group 2: Approval Authority and Procedures - Financial assistance requires approval from more than half of the board of directors and a two-thirds majority of attending directors [2] - If the recipient's debt ratio exceeds 70% or if the assistance exceeds 10% of the company's audited net assets, it must also be approved by the shareholders [2][5] - The company must sign agreements detailing the terms of the financial assistance, including conditions and responsibilities [4][8] Group 3: Information Disclosure Obligations - The company is required to disclose financial assistance matters to the Shenzhen Stock Exchange and must provide updates if repayment issues arise [6][7] - Any financial assistance that is overdue cannot be followed by additional assistance to the same recipient [6] Group 4: Accountability - The company will hold responsible any personnel who violate the financial assistance regulations, with severe penalties for significant breaches [7][9] - In cases of serious violations that constitute a crime, the matter will be referred to judicial authorities for prosecution [7]