HJT(SH:603577) Zheng Quan Zhi Xing·2025-08-22 08:12General Principles - The company establishes a management system for related party transactions to ensure fairness, justice, and transparency, protecting the legal rights of the company and non-related shareholders [2] - The board of directors' audit committee is responsible for the control and daily management of related party transactions [2] Definition of Related Parties - Related parties include both related legal entities and natural persons, with specific criteria outlined for identification [4] - Legal entities that control the company or hold more than 5% of its shares are considered related parties [4] - Natural persons who hold more than 5% of shares or are directors and senior management of the company are also classified as related parties [4] Recognition of Related Transactions - Related transactions are defined as resource or obligation transfers between the company and its related parties, including asset purchases, financial assistance, and service provisions [3] - Related transactions must adhere to principles of honesty, fairness, and must not harm the interests of the company and non-related shareholders [3] Decision-Making Procedures - Related transactions require board approval, with related directors abstaining from voting [5] - Transactions exceeding certain monetary thresholds must be disclosed and may require independent evaluations [5][6] Daily Related Transactions - Daily related transactions must be disclosed in annual and semi-annual reports, and any significant changes to agreements must be submitted for board approval [8] - The company can estimate annual transaction amounts and must disclose any excess amounts [8] Exemptions from Approval - Certain transactions, such as those providing unilateral benefits without obligations, may be exempt from the usual approval and disclosure requirements [9] - Transactions with interest rates not exceeding market rates and without the need for guarantees are also exempt [9] Amendments and Implementation - The management system will be revised in accordance with new laws and regulations, and the board is responsible for its formulation and interpretation [9] - The system will take effect upon approval by the shareholders' meeting [9]