Zhejiang Shuangyuan Technology (SH:688623) Zheng Quan Zhi Xing·2025-08-25 16:23Core Viewpoint - The management system for controlling subsidiaries of Zhejiang Shuangyuan Technology Co., Ltd. aims to enhance operational efficiency, ensure compliance with laws and regulations, and protect the interests of investors through a structured governance framework [1][2]. Group 1: General Principles - The system is established to strengthen the management of subsidiaries, ensuring they operate in a standardized, efficient, and orderly manner [1]. - Subsidiaries are defined as independent legal entities established to enhance the company's core competitiveness, either wholly owned or in which the company holds more than 50% [1][2]. Group 2: Operational and Investment Decision Management - Subsidiaries must align their development plans and investment directions with the overall strategic goals of the company [2][4]. - Investment decisions must be institutionalized and procedural, requiring feasibility studies and board approval before proceeding [2][3]. Group 3: Financial Management - Subsidiaries are required to adhere to the company's unified financial management policies and accounting systems [6][11]. - Financial reports must be submitted within specified timeframes, including balance sheets, income statements, and cash flow statements [6][12]. Group 4: Information Management - Subsidiaries must comply with internal reporting systems to ensure timely and accurate information disclosure [7][19]. - The subsidiary manager is responsible for reporting significant operational and financial matters that could impact the company's stock price [7][19]. Group 5: Personnel Management - Subsidiaries must follow the company's personnel management policies, with board members and senior management appointed by the company [11][22]. - The financial head of the subsidiary is recommended by the company and appointed through legal procedures [11][24].