YONGHUI SUPERSTORES(SH:601933) Zheng Quan Zhi Xing·2025-08-21 05:39Core Viewpoint - The investment management system of Yonghui Supermarket Co., Ltd. is designed to establish a scientific, standardized, and effective investment decision-making framework to avoid investment errors, mitigate risks, and enhance economic benefits while ensuring asset preservation and appreciation [1][3][9]. Investment Principles - Investment activities must comply with national and local industrial policies, align with the company's strategic planning, and demonstrate good economic benefits to optimize the industrial structure and cultivate core competitiveness [2][3]. - The investment scale should be appropriate to the asset structure, and decisions must be based on scientific analysis and reasoning [2]. Authorization and Approval Process - The board of directors authorizes the chairman to approve external investments, acquisitions, mergers, or reorganizations up to 5% of the audited net assets [2][3]. - The strategic committee is authorized to approve investments exceeding 5% but not exceeding 10% of the audited net assets within a year, with timely reporting to the board [2][3]. Investment Reporting and Evaluation - Investment department staff must notify the chairman or strategic committee members five days prior to meetings and submit a written investment report that includes legal structure, business model, valuation analysis, financial impact, and other relevant factors [3][4]. - The investment department is required to report the progress of significant investment projects to the board monthly [6][9]. Annual Investment Planning - The chairman and strategic development committee draft an annual investment plan at the beginning of each year, outlining store openings and external investments, which is then submitted for board approval [8]. - Adjustments to the annual investment plan or individual project budgets must be justified by the investment, finance, and internal audit departments before following the approval process [6][8]. Audit and Accountability - The internal audit department is responsible for supervising investment projects, ensuring compliance with regulations, and addressing any issues that arise [8][9]. - If an investment project fails to meet planned investments or expected returns, the strategic committee is responsible for investigating the causes and reporting to the board [9].