Core Points - The investment management system of Zhejiang Changcheng Electric Technology Co., Ltd. aims to standardize investment management, enhance decision-making rationality, mitigate investment risks, and maximize shareholder interests [2][3] Chapter Summaries Chapter 1: General Principles - The investment includes various forms such as securities purchases, stock repurchases, secondary market investments, convertible bonds, and other recognized investment behaviors [2] - Investments must comply with national laws, align with the company's development strategy, and create good economic benefits [2] Chapter 2: Investment Decision and Procedures - The shareholders' meeting and the board of directors are the decision-making bodies for investments, with specific thresholds for asset total, revenue, and profit to determine the level of approval required [3][4][5] - Investments involving assets totaling less than 50% of the company's audited total assets or specific revenue and profit thresholds can be approved at different levels [4][5] Chapter 3: Implementation and Management of Investments - The general manager is responsible for the implementation of investment projects, while the finance department manages daily operations and monitors project progress [7][8] - Investment projects must undergo feasibility analysis, expert reviews, and necessary approvals from relevant authorities [7][8] Chapter 4: Recovery and Transfer of Investments - The company can recover investments under specific circumstances, and the transfer of investments must comply with national laws and internal regulations [9][10] Chapter 5: Supplementary Provisions - The investment management system is subject to relevant laws and regulations, and any modifications must be approved by the shareholders' meeting [10]

Core Viewpoint - The document outlines the investment decision-making procedures and governance structure of Beijing Qianfang Technology Co., Ltd, aiming to enhance decision efficiency, clarify responsibilities, and ensure compliance with relevant laws and regulations [2][4][16]. Investment Definition - Investment activities include equity investments in newly established enterprises, capital increases, stock and bond investments, and other financial activities aimed at profit or asset preservation [2]. Investment Decision Authority - The investment projects require approval from the general manager, board of directors, and shareholders' meeting based on the company's articles of association, with specific thresholds for different levels of authority [4][6][7]. Approval Thresholds - Shareholders' meeting approval is required for investments exceeding 50% of the company's audited total assets or net assets, with specific monetary thresholds set at 50 million yuan for net assets and 5 million yuan for net profit [4][5]. - The board of directors can approve investments that are between 10% and 50% of total assets, with specific monetary limits [6][7]. Securities and Financial Management - The company must adhere to regulations regarding securities investments, including prior board approval for significant investments and ensuring that funds are not used for speculative purposes [8][9]. - For entrusted financial management, similar approval processes are required, with specific thresholds for investment amounts [9][10]. Risk Management in Derivatives - The company is required to follow prudent practices in futures and derivatives trading, ensuring that such activities are aligned with risk management strategies [11][12]. Investment Project Management - Investment proposals must be analyzed for market potential, regulatory compliance, and alignment with the company's long-term strategy before being submitted for approval [13][14]. - The company must maintain comprehensive records of investment projects from inception to completion, ensuring accountability and transparency [15][16]. Responsibilities and Accountability - Company executives are responsible for managing investment risks and may face penalties for unauthorized or negligent investment decisions [16].

Core Viewpoint - The investment management system of Yonghui Supermarket Co., Ltd. is designed to establish a scientific, standardized, and effective investment decision-making framework to avoid investment errors, mitigate risks, and enhance economic benefits while ensuring asset preservation and appreciation [1][3][9]. Investment Principles - Investment activities must comply with national and local industrial policies, align with the company's strategic planning, and demonstrate good economic benefits to optimize the industrial structure and cultivate core competitiveness [2][3]. - The investment scale should be appropriate to the asset structure, and decisions must be based on scientific analysis and reasoning [2]. Authorization and Approval Process - The board of directors authorizes the chairman to approve external investments, acquisitions, mergers, or reorganizations up to 5% of the audited net assets [2][3]. - The strategic committee is authorized to approve investments exceeding 5% but not exceeding 10% of the audited net assets within a year, with timely reporting to the board [2][3]. Investment Reporting and Evaluation - Investment department staff must notify the chairman or strategic committee members five days prior to meetings and submit a written investment report that includes legal structure, business model, valuation analysis, financial impact, and other relevant factors [3][4]. - The investment department is required to report the progress of significant investment projects to the board monthly [6][9]. Annual Investment Planning - The chairman and strategic development committee draft an annual investment plan at the beginning of each year, outlining store openings and external investments, which is then submitted for board approval [8]. - Adjustments to the annual investment plan or individual project budgets must be justified by the investment, finance, and internal audit departments before following the approval process [6][8]. Audit and Accountability - The internal audit department is responsible for supervising investment projects, ensuring compliance with regulations, and addressing any issues that arise [8][9]. - If an investment project fails to meet planned investments or expected returns, the strategic committee is responsible for investigating the causes and reporting to the board [9].

Core Viewpoint - The investment management system of Henan Zhongyuan Expressway Co., Ltd. aims to standardize investment behavior, enhance investment management, mitigate investment risks, and improve investment efficiency in accordance with relevant laws and regulations. Investment Activities - Investment activities include fixed asset investment, equity investment, asset acquisition, fund investment, intangible asset investment, debt investment, and other forms of investment [1][2]. Major Investment Projects - Major investment projects are defined as those with a single investment amount of 100 million yuan or more, or those that account for 5% or more of the company's audited net assets from the previous fiscal year [2]. Basic Principles of Investment - Investments should align with national and provincial development plans, comply with laws and regulations, match the company's capabilities, ensure reasonable returns, and maintain controllable risks [4][3][5]. Decision-Making Process - Investment decisions are made by the shareholders' meeting, board of directors, and general manager's office, with specific thresholds for approval based on the investment amount relative to the company's net assets [6][5]. Investment Management Responsibilities - The investment and industry development department is responsible for drafting investment management regulations, compiling annual investment plans, and supervising investment activities of subsidiaries [6][7]. Annual Investment Plan Management - The annual investment plan must include overall investment goals, scale, funding sources, investment direction, and project necessity, feasibility, and risk control measures [12][8]. Project Decision Procedures - Investment projects require preliminary research, feasibility studies, and project evaluations, with necessary documentation submitted for approval by the relevant decision-making bodies [16][19]. Post-Investment Evaluation - Post-investment evaluations are conducted to assess the effectiveness of projects, identify gaps, and provide feedback for future decision-making [26][15]. Risk Management - The company emphasizes risk prevention in major equity investments, requiring risk assessment reports and adherence to asset evaluation management systems [29][30].

Core Points - The article outlines the investment management system of Shanghai Phoenix Enterprise (Group) Co., Ltd, emphasizing the establishment of a standardized, effective, and scientific investment decision-making framework to enhance internal controls and ensure compliance with legal and regulatory requirements [1][2][3] Group 1: Investment Management Principles - The investment projects include asset and equity investments both domestically and internationally, with significant projects defined as those with an investment amount of 30 million yuan or more [1] - The investment principles include strategic alignment, legal compliance, capability matching, reasonable returns, and a pre-approval process before investment [1][2] Group 2: Investment Management Structure - The decision-making authority for investments is distributed among the shareholders' meeting, board of directors, and management, with the board's audit committee overseeing the legality and compliance of investment projects [2][3] - The Investment and Asset Management Department is responsible for executing and managing investment projects, including annual investment planning and reporting [3][4] Group 3: Pre-Investment Management - Annual investment plans must be submitted by December 10 each year, detailing the overall investment situation, individual project specifics, and risk management measures [4][5] - Investments in non-core businesses are limited to a maximum of 5% of the total annual investment scale, with strict controls on the investment in non-core areas [4][5] Group 4: Investment Execution and Monitoring - Mid-year investment execution reports are required by early July, summarizing project progress, fund usage, and any issues encountered [8] - The company must establish a mechanism for ongoing management and supervision of invested enterprises, ensuring timely communication and decision-making [9][10] Group 5: Post-Investment Management - An annual investment completion report must be submitted by the end of December, analyzing the effectiveness of investments and any significant issues [12][13] - The company maintains a risk management system throughout the investment process, focusing on pre-investment risk assessments and ongoing monitoring [14][15] Group 6: Accountability and Compliance - The compliance and risk control department is responsible for evaluating investment projects and suggesting accountability measures for any violations of procedures or regulations [16][17] - The investment management system must adhere to relevant laws and regulations, ensuring proper disclosure and compliance with state-owned asset supervision requirements [16][17]

Group 1 - The board of directors of Shanghai Phoenix Enterprise (Group) Co., Ltd. held its fourth meeting of the eleventh session on June 13, 2025, with all 11 directors present, and the meeting was chaired by Chairman Hu Wei [1] - The board approved the proposal to re-establish the "Shanghai Phoenix Investment Management System" with a unanimous vote of 11 in favor, 0 against, and 0 abstentions [1] - The board also approved a proposal to provide guarantees for its wholly-owned subsidiary, Phoenix Bicycle, with the same unanimous voting results [2]

Core Viewpoint - The investment management system of Jiangsu Lianyungang Port Co., Ltd. aims to standardize investment behavior, mitigate risks, enhance investment efficiency, and protect shareholder interests, in accordance with relevant laws and regulations [1][2]. Group 1: General Principles - The investment includes both internal and external investments, with internal investments aimed at expanding operations and improving product quality, while external investments encompass equity investments, financial assets, and leasing operations [1]. - Investments must adhere to principles such as compliance with laws, maximizing shareholder benefits, alignment with corporate strategy, prudent risk management, and scientific decision-making [1]. Group 2: Investment Authority Management - The shareholders' meeting has the authority to decide on all investment matters, provided they comply with national laws and regulations [2]. - Specific investment management thresholds include: - Total asset investment exceeding 50% of the latest audited total assets [2] - Transaction amounts exceeding 50% of the latest audited net assets and over 50 million yuan [2] - Profits from investments exceeding 50% of the latest audited net profit and over 5 million yuan [2] - Revenue from investment targets exceeding 50% of the latest audited revenue and over 50 million yuan [2] - Net profits from investment targets exceeding 50% of the latest audited net profit and over 5 million yuan [2]. Group 3: Decision Control - Prior to investment decisions, a feasibility study must be conducted, analyzing return rates, payback periods, and associated risks [4]. - Approved investment projects must have authorized documents and budgets, with adjustments allowed based on actual circumstances [5]. Group 4: Execution Control - An investment implementation plan must be established, detailing funding amounts, methods, and responsible personnel [6]. - The company must track investment projects, monitor financial health, and report any anomalies to authorized personnel [6]. Group 5: Supervision and Inspection - The internal audit department is responsible for establishing a supervision and inspection system for investment internal controls, focusing on personnel allocation, decision-making processes, and compliance with approval procedures [7][8]. - Any weaknesses identified during inspections must be reported and addressed promptly [8]. Group 6: Miscellaneous - The investment management system will be effective upon approval by the shareholders' meeting, replacing the previous system [8].