Core Viewpoint - The article outlines the management system for entrusted financial management at Shenzhen Bosijie Technology Co., Ltd, aiming to regulate investment behavior, control risks, and enhance asset security and returns for the company and its shareholders [2][3]. Group 1: General Principles - The entrusted financial management system is established in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2]. - The system applies to the company and its wholly-owned and controlling subsidiaries [3]. Group 2: Definitions and Regulations - "Entrusted financial management" refers to the act of the company, under permissible national policies, entrusting financial institutions to invest idle funds to improve efficiency and increase cash asset returns [3]. - The company must ensure that the use of idle self-owned funds for entrusted financial management does not affect normal operations and project construction [3]. Group 3: Approval Authority - If the entrusted financial management amount exceeds 50% of the company's latest audited net assets and is over 50 million yuan, it requires board approval and submission to the shareholders' meeting [5]. - For amounts exceeding 10% of the latest audited net assets and over 10 million yuan, board approval is also required, along with timely information disclosure [5]. Group 4: Information Disclosure - The company must disclose details of entrusted financial management, including purpose, amount, method, and duration, as well as the source of funds [8]. - In case of significant risks or changes in the financial management products, the company must promptly disclose relevant information and measures taken to ensure fund safety [9]. Group 5: Management and Operation - The finance department is responsible for managing entrusted financial management, including preparing annual plans, conducting feasibility analyses, and ensuring timely recovery of principal and interest [12][13]. - The company must select qualified financial institutions with good credit and financial status as trustees and sign written contracts detailing the terms of the entrusted management [13]. Group 6: Supervision and Risk Control - The audit department is responsible for daily supervision of financial management products, including pre-approval, ongoing monitoring, and post-audit [18]. - Independent directors and the audit committee have the authority to inspect and review the status of entrusted financial management products [19][20].

Core Viewpoint - The company held its 20th meeting of the 11th Board of Directors on July 23, 2025, where several key resolutions were passed to enhance financial management and support subsidiary operations [1][2][3] Group 1: Financial Management - The company approved the "Shandong Nanshan Aluminum Co., Ltd. Entrusted Financial Management System" to regulate entrusted financial activities, improve fund operation efficiency, and mitigate investment risks [1] - A resolution was passed to utilize up to RMB 1 billion of idle self-owned funds for entrusted financial management, focusing on low-risk, high-security, and high-liquidity financial products, effective for one year from the date of approval [2] Group 2: Subsidiary Support - The company decided to provide a guarantee extension for its wholly-owned subsidiary, Nanshan Aluminum Singapore Co., Ltd., by signing a guarantee contract with Oversea-Chinese Banking Corporation Limited for a trade financing limit of USD 50 million, effective until August 25, 2027 [2][3]

Core Viewpoint - The company plans to utilize idle self-owned funds for entrusted wealth management to enhance fund efficiency and increase returns while ensuring safety and liquidity [1][2]. Investment Overview - **Investment Purpose**: The company aims to rationally utilize idle funds to improve fund efficiency and increase returns while ensuring the safety of funds and meeting operational liquidity needs [1]. - **Investment Amount**: The company intends to use up to RMB 1 billion (approximately $140 million) of idle self-owned funds for entrusted wealth management, with the funds being available for rolling investment [2]. - **Funding Source**: The funds will come from the company's idle self-owned capital [2]. - **Investment Method**: The company will carefully select high-safety, high-liquidity wealth management products, primarily from reputable commercial banks and securities firms, ensuring no related party transactions [2]. - **Investment Duration**: The investment will be valid for 12 months from the date of board approval [2]. Approval Process - The board of directors approved the proposal for using idle self-owned funds for entrusted wealth management during the 20th meeting of the 11th board on July 23, 2025, without needing shareholder approval [2]. Risk Analysis and Control Measures - **Risk Analysis**: The company acknowledges that while the entrusted wealth management products are generally low to medium risk, they may still be affected by macroeconomic factors, policy changes, and market fluctuations, leading to uncertain actual returns [3]. - **Control Measures**: The company has established a risk control framework, including approval processes and responsibilities, to mitigate risks and ensure fund safety [3]. Impact on the Company - The entrusted wealth management will not affect the company's normal operational cash flow or the conduct of its main business, and it aims to enhance the efficiency of self-owned funds and provide better returns for shareholders [4].

Core Viewpoint - The document outlines the management system for entrusted financial management of Jiangsu Longpan Technology Group Co., Ltd., emphasizing risk control, investment efficiency, and compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The purpose of the entrusted financial management system is to strengthen and standardize the management of entrusted financial activities, effectively control risks, enhance investment returns, and protect the interests of the company and its shareholders [1]. - Entrusted financial management refers to the practice of entrusting idle funds to financial institutions for short-term low-risk investments, ensuring the safety and liquidity of the funds while aiming for capital preservation and appreciation [2]. - The company adheres to principles of standardized operations, risk prevention, cautious investment, and capital preservation, prioritizing the normal operation and development of its main business [2]. Group 2: Approval Authority and Execution Procedures - The approval process for entrusted financial management is tiered based on the amount involved, with specific thresholds for board and shareholder approval [3]. - If the amount for entrusted financial management exceeds 10% of the latest audited net assets and is over 10 million yuan, it requires board approval and timely information disclosure [3]. - For amounts exceeding 50% of the latest audited net assets and over 50 million yuan, both board and shareholder approvals are necessary [3]. Group 3: Daily Management and Reporting System - The finance department is responsible for the daily management of entrusted financial activities, including feasibility analysis, risk assessment, and selection of qualified financial institutions as trustees [11]. - A regular reporting system is established, requiring quarterly updates to the board on the status of entrusted financial activities, including profit and loss and risk control measures [12]. Group 4: Risk Control and Information Disclosure - The auditing department conducts regular supervision and audits of the entrusted financial activities to ensure compliance and risk management [13]. - The company must disclose essential information regarding entrusted financial management, including purpose, amount, funding sources, and risk control measures [18]. - Independent directors have the authority to inspect entrusted financial activities, and the audit committee can propose to halt any non-compliant investment activities [17].

Core Points - The company establishes a management system for entrusted financial management to enhance fund operation efficiency and control risks while protecting the interests of the company and its shareholders [1][2] Group 1: General Principles - The entrusted financial management refers to the use of idle self-owned funds for short-term, low-risk financial products, primarily focusing on capital-preserving fixed and floating income products, prohibiting investments in non-capital-preserving products [1][2] - The system applies to all companies within the consolidated financial statements of the company, requiring strict adherence to approval authority, decision-making procedures, and information disclosure [1][2] Group 2: Operational Regulations - The company must ensure that entrusted financial management does not affect normal operations and business development, using only idle funds [2][3] - Financial products must be high in safety, good in liquidity, and short-term (not exceeding 12 months), with a focus on capital-preserving products [2][3] - The company is prohibited from using entrusted financial management funds for stock and derivative products, securities investment funds, or investments aimed at securities [2][3] Group 3: Approval Authority - If the entrusted financial management transaction amount exceeds 10% of the latest audited net assets and is over 10 million RMB, it must be approved by the board of directors before investment [3] - For amounts exceeding 50% of the latest audited net assets and over 50 million RMB, it requires both board and shareholder meeting approvals [3] Group 4: Implementation and Management - The finance department is responsible for the specific operations of entrusted financial management, including fund allocation, risk assessment, and monthly reporting [4][5] - A regular reporting mechanism is established for the finance department to report monthly on the status and returns of entrusted financial management [5][6] Group 5: Risk Control and Information Disclosure - The company must select qualified financial institutions with good credit and financial status as trustees, signing written contracts to clarify rights and obligations [6][7] - The company is required to disclose information regarding entrusted financial management, including purpose, type, amount, source of funds, and risk control measures [6][7]

Core Points - Jinlong Automobile (600686) closed at 12.85 yuan on July 18, 2025, down 0.62% with a turnover rate of 2.71% and a trading volume of 194,100 shares, amounting to a transaction value of 249 million yuan [1][2] Trading Information Summary - On July 18, the net outflow of main funds from Jinlong Automobile was 23.51 million yuan, accounting for 9.44% of the total transaction value; retail investors had a net inflow of 14.49 million yuan, representing 5.81% of the total transaction value [2][4] Company Announcement Summary - Jinlong Automobile announced the use of 439.2 million yuan of temporarily idle self-owned funds to purchase fixed-income or low-risk short-term financial products from financial institutions during the period of April to June 2025; the expected annual yield ranges from 0.1% to 2.6% [2][4] - The financial products include structured deposits with various terms from 1 month to 9 months, and the company emphasizes strict evaluation and selection of high-safety, good liquidity, and low-risk principal-protected financial products [2][4] - Recent financial data shows total assets of approximately 27.33 billion yuan and 27.85 billion yuan, total liabilities of approximately 23.03 billion yuan and 23.92 billion yuan, and net cash flow from operating activities of approximately 1.25 billion yuan and 402.42 million yuan [2][4]

Group 1 - The company plans to use idle self-owned funds to invest in entrusted financial management products, with a maximum amount of RMB 700 million, to improve fund utilization efficiency and increase company revenue [1][2] - The investment will be conducted through qualified financial institutions such as commercial banks, securities companies, and trust companies, focusing on low-risk, short-term financial products with high credit ratings and good liquidity [2][3] - The investment period will be valid for twelve months from the date of approval by the shareholders' meeting, and the funds can be rolled over within this limit [2][4] Group 2 - The board of directors has approved the entrusted financial management plan, which still requires approval from the shareholders' meeting, and it does not constitute a related party transaction [2][4] - The company will implement strict investment principles, including product selection based on safety and liquidity, and will conduct regular risk tracking and internal audits to ensure proper fund usage [3][4] - The entrusted financial management is expected to enhance the efficiency of idle funds and increase company revenue without affecting the normal operation of daily business or the use of raised funds [4]

Core Viewpoint - The announcement details the investment activities of Xiamen King Long United Automotive Industry Co., Ltd., focusing on the company's structured deposits and entrusted financial management for the period from April to June 2025, aiming to enhance fund utilization efficiency and reduce financial costs while ensuring fund safety [1][3]. Group 1: Financial Management Overview - The company plans to utilize temporarily idle self-owned funds for purchasing fixed-income or low-risk short-term financial products, with a management period of less than one year [2][3]. - The total amount for entrusted financial management is CNY 4.392 billion [2]. - The entrusted financial management products include various structured deposits linked to currency exchange rates and other financial instruments [1][2]. Group 2: Product Details - The structured deposit products include: - Company structured deposits linked to a three-tier exchange rate [3]. - Various products from banks such as China Everbright Bank, Bank of China, and Industrial and Commercial Bank of China [2][3]. - Expected annualized returns for these products range from 1% to 2.4%, depending on the specific product and market conditions [3][4]. Group 3: Risk Management and Compliance - The board of directors has approved the financial management proposal, ensuring compliance with legal responsibilities and the absence of misleading statements [1][3]. - The company emphasizes the importance of fund safety while pursuing investment returns [3][4].

Core Viewpoint - The document outlines the management system for entrusted financial management by Baoding Dongli Machinery Manufacturing Co., Ltd. and its wholly-owned subsidiaries, aiming to regulate operations, control risks, and enhance investment returns while safeguarding the interests of the company and its shareholders [1]. Group 1: General Principles - The entrusted financial management is defined as the act of utilizing idle funds and raised funds to increase cash asset returns by entrusting professional financial institutions for investment and management [1][2]. - The management principles include "standardized operation, risk prevention, cautious investment, and value preservation and appreciation," prioritizing the normal operation and development of the company's main business [2]. Group 2: Approval and Execution Procedures - Any entrusted financial management activities by subsidiaries must be reported to the company for approval, and no activities can be conducted without such approval [2]. - The approval process for using idle self-owned funds for entrusted financial management requires board approval if the amount exceeds 10% of the latest audited net assets and is over 10 million RMB [3]. - If the amount exceeds 50% of the latest audited net assets and is over 50 million RMB, it must also be submitted for shareholder meeting approval [3]. Group 3: Risk Management and Supervision - The company must ensure that the financial products are issued by qualified institutions with good credit and financial status, and a written contract must be signed to clarify the rights and obligations of both parties [2][3]. - The capital department is responsible for feasibility analysis, risk assessment, and monitoring the execution of entrusted financial management activities [5][6]. Group 4: Accounting and Disclosure - Upon completion of entrusted financial management, the company must obtain investment proof and timely record it, ensuring compliance with accounting standards [8]. - The securities department is responsible for disclosing information related to entrusted financial management in accordance with relevant laws and regulations [10][11].

Core Viewpoint - The company has established a comprehensive management system for entrusted financial management to enhance investment returns while controlling risks and safeguarding the interests of the company and its shareholders [1][2]. Group 1: Definition and Scope - "Entrusted financial management" refers to the management of idle funds by entrusting financial institutions to enhance the efficiency of fund usage and increase cash asset returns [2][3]. - The system applies to the company and its subsidiaries, requiring approval for any entrusted financial management activities [2][3]. Group 2: Management Principles - The company must adhere to principles of safety, liquidity, and profitability, prioritizing fund safety and maintaining reasonable liquidity to meet operational and strategic investment needs [5][6]. - Funds used for entrusted financial management must be idle funds, ensuring that normal operational and project funds are not affected [6][7]. Group 3: Approval Authority - The decision-making bodies for entrusted financial management include the chairman, board of directors, and shareholders' meeting, with specific approval requirements based on the transaction amount relative to the company's market value [9][10]. - Transactions exceeding certain thresholds require different levels of approval, ensuring proper oversight [10]. Group 4: Information Disclosure - The company must not use entrusted financial management to circumvent necessary approval and disclosure obligations related to asset purchases or external investments [13][14]. - Any significant changes or risks related to entrusted financial products must be disclosed promptly [14][15]. Group 5: Management and Operation - The finance department is responsible for managing entrusted financial products, including planning, execution, and monitoring of investments [16][17]. - Written contracts must be signed with financial institutions, clearly outlining investment amounts, terms, and responsibilities [18][19]. Group 6: Financial Accounting - Upon completion of entrusted financial management, the company must obtain investment proof and ensure proper accounting and documentation [20][21]. Group 7: Supervision and Risk Control - The internal audit department is tasked with the daily supervision of financial products, ensuring compliance with approval processes and monitoring fund usage [22][23]. - Independent directors and the audit committee have the authority to inspect and review entrusted financial products [24][25].