Friend (SH:605050) Zheng Quan Zhi Xing·2025-08-25 16:13Core Points - The document outlines the management system for subsidiaries of Furande Co., Ltd, aiming to enhance control mechanisms and improve operational efficiency [1][2] - It emphasizes the importance of aligning subsidiary operations with the overall goals and long-term plans of the parent company [2][3] Group 1: General Principles - The purpose of the management system is to strengthen control over subsidiaries and protect the interests of the company and its investors [1] - The company holds the right to manage significant matters of subsidiaries while also having the obligation to provide guidance and supervision [1][2] - Subsidiaries are required to operate independently within the framework of the parent company's overall objectives [1][2] Group 2: Governance and Daily Operations - Subsidiaries must establish a sound governance structure and operational system in accordance with relevant laws and regulations [2][3] - Daily operations, investment projects, and major decisions must align with the parent company's strategic goals [2][3] - Major matters such as restructuring, mergers, and significant financial transactions require adherence to legal and procedural guidelines [2][3] Group 3: Financial Management - The financial management of subsidiaries is tasked with implementing national fiscal and tax policies while ensuring the legality and accuracy of accounting records [4][5] - Subsidiaries must follow the parent company's financial accounting standards and submit consolidated financial statements [4][5] Group 4: Auditing and Supervision - The parent company conducts regular audits of subsidiaries to assess economic efficiency and compliance with regulations [4][5] - Subsidiaries are required to cooperate with audits and implement approved audit recommendations [4][5] Group 5: Internal Information Management - The chairman or executive director of the subsidiary is responsible for providing information to the parent company [5][6] - Subsidiaries must ensure timely and accurate reporting of significant information that could impact the company's image or stock price [5][6] - Financial reports and project updates must be submitted regularly to the parent company [6][7]