Core Points - The company has established a management approach for securities investment to enhance fund utilization efficiency and safeguard investor interests [2][3] - The management approach outlines the principles and procedures for securities investment, including compliance with laws and regulations, risk control, and investment effectiveness [3][4] Group 1: Securities Investment Principles - Securities investment must comply with national laws, regulations, and the company's articles of association [3] - Investments should be legal, prudent, safe, and effective, with a focus on risk control and investment benefits [3] - The scale of securities investment must align with the company's asset structure and should not disrupt the normal operation of its main business [3] Group 2: Approval Authority and Procedures - Securities investment approval is tiered based on the amount relative to the company's audited net assets [7] - Investments up to 10% of the latest audited net assets require board approval, while those exceeding 10% need both board and shareholder approval [7] - The company can estimate future investment ranges and limits for up to 12 months to facilitate timely transactions [7] Group 3: Fund Management and Account Management - The company can only use its own funds for securities investment and must not use raised funds for this purpose [3][4] - Securities investment must be conducted through accounts established in the company's name at approved securities firms [11] - A three-party custody agreement must be signed to link the bank account with the securities account [14] Group 4: Information Disclosure - The company is required to fulfill information disclosure obligations in accordance with relevant regulations [15] - The board must monitor the execution and safety of investments and disclose any significant losses immediately [16] - Securities investment activities must be accurately reflected in financial statements as per accounting standards [17] Group 5: Risk Control - The company must limit the disclosure of investment information to a minimum number of individuals before public announcements [19] - The securities management department is responsible for the external publication of undisclosed investment information [20] - Strict operational controls must be in place, requiring multiple personnel to manage securities and funds [22] Group 6: Supervision of Fund Usage - Internal audit departments are tasked with daily supervision of fund usage and conducting audits to assess investment risks [25] - All investment participants must be aware of relevant laws and regulations to avoid illegal transactions [26] - Violations of laws or company regulations leading to losses will result in accountability for responsible personnel [27] Group 7: Miscellaneous Provisions - Securities investments by the company's subsidiaries are subject to the same management approach [28] - Any matters not covered by this management approach will adhere to national laws and the company's articles of association [29] - The board of directors is responsible for interpreting this management approach [30]

Core Viewpoint - The document outlines the securities investment management measures of Shanghai Yanshan Technology Co., Ltd., aiming to standardize securities investment and related information disclosure, prevent investment risks, and protect the rights and interests of investors and the company [1]. Group 1: General Principles - The securities investment includes new stock allocation or subscription, stock repurchase, investment in stocks and depositary receipts, bond investment, and other investment behaviors recognized by the Shenzhen Stock Exchange [1]. - Certain investment behaviors are excluded from these measures, such as securities investments related to the company's main business, fixed-income or guaranteed principal investments, and investments exceeding 10% of total shares in other listed companies [1]. Group 2: Investment Principles - Securities investments must comply with national laws, regulations, and normative documents [2]. - The company should adhere to principles of legality, prudence, safety, and effectiveness in securities investment, establishing internal control measures to manage investment risks and focus on investment efficiency [2]. - The scale of securities investment must be appropriate and should not affect the normal operation of the company's main business [2]. Group 3: Decision-Making and Management - The funding for securities investments comes from the company's own funds, and the company must not use raised funds for securities investments [2]. - If the investment amount exceeds 10% of the latest audited net assets and is over 10 million RMB, it must be approved by the board of directors and disclosed in a timely manner [2][3]. - The chairman of the board is the primary responsible person for securities investment matters, with designated departments or personnel responsible for feasibility analysis and execution [3]. Group 4: Information Disclosure - The board of directors must continuously track the execution progress and safety of securities investments, taking immediate action and fulfilling disclosure obligations in case of significant losses [4]. - The company must disclose the status of securities investments in periodic reports as per relevant regulations [4]. - Investments made by controlling subsidiaries are treated as the company's actions and must comply with these measures [4]. Group 5: Supplementary Provisions - Any matters not covered by these measures will be executed according to national laws, regulations, and the company's articles of association [5]. - The board of directors is responsible for formulating, revising, and interpreting these measures, which will take effect upon approval by the board [5].

Core Points - The document outlines the securities investment management system of Suzhou Hesheng New Materials Co., Ltd, aiming to regulate securities investment and information disclosure, mitigate investment risks, and protect the rights of investors and the company's interests [2][3][4] Group 1: General Principles - The securities investment is defined as the company's behavior of investing in securities in the market to maximize returns while controlling investment risks [2] - Types of securities investments include IPO subscriptions, additional share offerings, and trading of listed securities and derivatives [3] - The investment must not affect the company's normal operations or main business development [3] Group 2: Approval Authority and Responsibilities - Securities investments must adhere to the company's articles of association and established investment authority, requiring board approval for investment limits [8][9] - The investment limit must be approved by two-thirds of the board and independent directors, and the management can make decisions within this limit [9] Group 3: Investment Management and Implementation - An investment management department is established under the general manager to oversee securities investments, with the finance department managing the funds [4][5] - Investment personnel must report on investment progress, profit and loss, and risk control regularly [12][13] Group 4: Account Management and Accounting - Securities investments must be conducted through accounts opened in the company's name, and all financial transactions must comply with the company's financial management system [15][16] - The finance department is responsible for daily accounting of securities investments according to relevant accounting standards [19] Group 5: Supervision and Information Disclosure - Measures are in place to control risks, including requiring investment personnel to have strong theoretical knowledge and experience [20] - The board's audit committee has the authority to investigate and monitor the company's securities investment activities [26][27]