ZYSC(SH:600280) Zheng Quan Zhi Xing·2025-08-26 12:17General Principles - The company establishes a management system for its subsidiaries to ensure the safety, integrity, and appreciation of investments, as well as the reliability of consolidated financial statements [2] - The term "subsidiary" refers to companies established by the company that have independent legal status, based on strategic planning and business development needs [2] Organizational and Personnel Management - The company participates in establishing the governance structure of subsidiaries and appoints representatives to safeguard its interests [3] - The company has the right to recommend managerial positions within subsidiaries and can propose dismissals if responsibilities are not fulfilled [3][4] Business Management - The company must clearly define the business scope and approval authority for significant transactions in the subsidiary's articles of association [6] - Subsidiaries are required to report significant transactions and must adhere to national laws and regulations [6][8] Financial Reporting Management - The company prepares consolidated financial statements to accurately reflect the financial status and operational results of itself and its subsidiaries [23] - Subsidiaries must ensure their accounting policies align with the company's policies and submit financial reports for review [10][29] Implementation and Effectiveness - The management system is effective upon approval by the company's board of directors [11]