*ST星光: 控股子公司管理制度（2025年9月）

Core Points - The document outlines the management system for the subsidiaries of Guangdong Xingguang Development Co., Ltd, aiming to strengthen control and standardize internal operations to protect the rights of the company and its investors [2][3] Group 1: General Principles - The management control over subsidiaries is designed to establish effective control mechanisms for governance structure, assets, and resources, enhancing overall operational efficiency and risk resistance [3][4] - Subsidiaries must align their development strategies with the overall strategic planning of the company and adhere to the company's regulations [4][5] Group 2: Establishment of Subsidiaries - The establishment of subsidiaries must comply with national laws and regulations, align with the company's strategic planning, and prevent blind expansion [5][6] - Any establishment or acquisition of subsidiaries requires investment justification and must follow the approval procedures set by the board of directors [6][7] Group 3: Governance Structure - Subsidiaries operate independently but must adhere to the company's supervision and management [5][6] - The governance structure of subsidiaries should be established in accordance with relevant laws and the company's regulations, including the formation of a board of directors and shareholder meetings [6][7] Group 4: Supervision and Management - The company has the right to audit and review the operations and finances of subsidiaries, providing corrective recommendations as necessary [9][10] - Subsidiaries are required to maintain unified financial management policies and report operational and financial conditions regularly to the company [10][11] Group 5: Information Disclosure - Subsidiaries must report significant events that may impact the company's stock and adhere to the company's information disclosure management practices [11][12] - The heads of subsidiaries are responsible for timely reporting of significant matters to the company's board [11][12]