Core Points - The document outlines the related party transaction system of Lianqi Technology Co., Ltd. to ensure compliance with laws and protect the rights of non-related shareholders and creditors [1][6] - It defines related parties and relationships, emphasizing the need for substantial judgment in determining control or influence over the company [1][2] - The document specifies the types of related party transactions and the principles that must be followed, including fairness and the avoidance of conflicts of interest [1][3] Related Party Definition - Related parties include individuals and organizations that have significant influence or control over the company, such as family members of key personnel and entities controlled by them [1][2] - The document emphasizes the importance of identifying relationships that could lead to biased decision-making [1][3] Related Party Transactions - Related party transactions encompass various activities, including asset sales, investments, and financial support, which may result in resource or obligation transfers [1][4] - Transactions must adhere to principles of honesty, fairness, and must not harm the interests of non-related shareholders [1][4] Decision-Making Procedures - The document outlines the decision-making process for related party transactions, requiring avoidance measures for interested parties during voting [1][5] - It mandates that transactions exceeding certain thresholds must be disclosed and approved by independent directors and shareholders [1][5] Financial Assistance and Guarantees - The company is prohibited from providing financial assistance to related parties, with specific exceptions for non-controlling related companies under certain conditions [1][5] - Guarantees for related parties require approval from a majority of independent directors and must be disclosed to shareholders [1][5] Record Keeping and Compliance - Records of related party transaction decisions must be maintained for at least ten years, ensuring transparency and accountability [1][5] - The document stipulates that any transactions not approved according to the established procedures are invalid [1][6]

General Principles - The purpose of the system is to standardize the related party transactions of China Coal Xinji Energy Co., Ltd. and protect the legitimate rights and interests of investors, especially minority investors [3] - The system is established in accordance with relevant laws and regulations, including the Company Law of the People's Republic of China and the Securities Law of the People's Republic of China [3] Related Parties and Transactions - Related parties include both legal entities and natural persons that have a special relationship with the company, which may lead to a bias in the company's interests [5] - The definition of related parties includes entities that directly or indirectly control the company, hold more than 5% of the company's shares, or have significant influence over the company [5][6] - Related transactions encompass various activities such as asset purchases or sales, external investments, financial assistance, and other agreements that may result in the transfer of resources or obligations [6] Decision-Making Procedures and Authority - Proposed related transactions must be submitted by the company's functional departments, detailing the specifics, pricing basis, and impact on the company and shareholders [9] - Transactions exceeding 30 million yuan and accounting for more than 5% of the company's latest audited net assets require an independent audit or evaluation and must be submitted for shareholder approval [10] - The general manager can approve transactions below 300,000 yuan with related natural persons and below 3 million yuan with related legal entities, while the board of directors has authority over larger transactions [11] Disclosure of Related Transactions - Transactions with related natural persons exceeding 300,000 yuan and those with related legal entities exceeding 3 million yuan must be disclosed promptly [22] - Disclosure must include transaction summaries, independent director reviews, pricing policies, and the impact of the transaction on the company's financial status [24][11] Avoidance Measures - Related parties must recuse themselves from voting on related transactions to ensure impartiality [20][21] - The board meeting can proceed with a majority of non-related directors, and if fewer than three non-related directors are present, the transaction must be submitted to the shareholders' meeting for approval [20]

Core Points - The article outlines the related party transaction system of Suzhou Hesheng New Materials Co., Ltd, ensuring fairness, justice, and transparency in transactions with related parties [1][2] - The system is established in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1][2] - The document specifies the definitions of related parties and the types of transactions that fall under this system [3][4] Group 1: Related Party Definition - Related parties include both legal entities and natural persons that have a significant stake or control over the company [2][3] - Legal entities that are considered related parties include those that directly or indirectly control the company or hold more than 5% of its shares [2][3] - Natural persons classified as related parties include shareholders with over 5% ownership, directors, and senior management [2][3] Group 2: Related Transactions - Related transactions encompass various activities such as asset purchases, financial assistance, and management services [3][4] - The company must adhere to principles ensuring that transactions do not harm the interests of the company and non-related shareholders [4][5] - Written contracts must be established for all related transactions, ensuring clarity and mutual agreement [4][5] Group 3: Decision-Making Procedures - The decision-making process for related transactions requires avoidance measures to prevent conflicts of interest [5][6] - Related directors must abstain from voting on transactions where they have a conflict of interest [5][6] - Transactions exceeding certain monetary thresholds require board approval and may necessitate independent evaluations [6][7] Group 4: Disclosure and Reporting - The company is obligated to disclose related transactions in its annual and semi-annual reports, detailing the nature and impact of these transactions [8][9] - Transactions that occur frequently or involve significant amounts must be reported and approved according to established procedures [8][9] - The company must maintain records of related transaction decisions for a period of twenty years [11]