Core Points - The document outlines the related party transaction system of Shanghai Longyun Cultural Technology Group Co., Ltd, ensuring fairness, justice, and transparency in transactions with related parties [1][2] - The system is established in accordance with the Company Law of the People's Republic of China and aims to protect the legitimate rights and interests of the company and non-related shareholders [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] - Legal entities are considered related if they directly or indirectly control the company or hold more than 5% of its shares [4][5] - Natural persons are considered related if they hold more than 5% of the company's shares, are directors or senior management, or are closely related family members of such individuals [5][6] Group 2: Related Transactions - Related transactions involve the transfer of resources or obligations between the company and its related parties, including asset purchases, investments, and financial assistance [6][7] - The pricing of related transactions must be fair and should not deviate from market prices set by independent third parties [6][8] Group 3: Decision-Making Procedures - The company must take necessary measures to avoid conflicts of interest during the decision-making process for related transactions [9][10] - Related directors must abstain from voting on matters related to transactions in which they have a conflict of interest [9][10] - Transactions exceeding certain monetary thresholds require approval from the board of directors or shareholders, with independent directors providing separate opinions [10][11] Group 4: Documentation and Compliance - All related transactions must be documented with written contracts that specify the terms and conditions [12][13] - The company is required to maintain records of decision-making processes and resolutions related to related transactions for a period of ten years [12][13]
龙韵股份: 龙韵股份关联交易制度(2025年8月修订)