Core Viewpoint - The document outlines the financing and external guarantee management system of Hengshuo Semiconductor (Hefei) Co., Ltd, aiming to regulate financing activities, control risks, and protect the financial safety and legal rights of investors [1]. Group 1: Financing Management - Financing refers to indirect financing activities primarily from banks, including various forms such as credit, loans, and guarantees [1]. - The financial department is responsible for managing financing applications and conducting preliminary reviews before submitting them for approval [2]. - Financing amounts exceeding 20% of the latest audited net asset value require approval from the general manager, while amounts over 50% need board and shareholder approval [2][3]. Group 2: External Guarantee Management - External guarantees must be based on a thorough review of the creditworthiness of the guaranteed party, which must be a legally established enterprise with good financial health [4]. - The company can require counter-guarantees from the controlling shareholders or related parties when providing guarantees [5]. - External guarantees exceeding 10% of the latest audited net asset value or total guarantees exceeding 50% require board and shareholder approval [6][7]. Group 3: Risk Management and Execution - The financial department is tasked with ongoing monitoring of the financial status of guaranteed parties and must report any significant changes to the board [8][9]. - If a guaranteed party fails to meet its debt obligations, the company must take necessary remedial actions [9]. - The company must ensure that funds obtained through financing are used as specified in the financing contracts, with any changes requiring proper approval [10][11]. Group 4: Information Disclosure and Responsibilities - The company must timely disclose relevant financing and guarantee information to the board secretary and comply with legal disclosure obligations [28][29]. - All directors are responsible for reviewing financing and guarantee matters according to the established system and may face legal consequences for violations [30][31]. - The system applies to the external guarantees of the company's subsidiaries, which must also adhere to the same regulations [32].

Core Viewpoint - The document outlines the financing and external guarantee management procedures of Yantai Zhongchong Food Co., Ltd, aiming to regulate financing activities, control risks, and protect financial security and investor rights [1][2][3]. Financing Management - Financing refers to indirect financing from financial institutions, including various forms such as credit, loans, and guarantees [1]. - The financial department is responsible for managing financing applications and conducting preliminary reviews [2]. - Approval authority for financing is tiered based on the amount relative to the company's audited net assets, with specific limits for the president, chairman, and board of directors [2][3]. External Guarantee Management - External guarantees involve the company providing guarantees for third parties, and the company must analyze the creditworthiness of the guaranteed party [4][5]. - Guarantees require the provision of counter-guarantees from the guaranteed party, ensuring they have the capacity to fulfill the guarantee [5][6]. - Approval for external guarantees also follows a tiered structure, with specific thresholds for board and shareholder approval based on the amount of the guarantee relative to the company's net assets [6][7]. Risk Management - The company must continuously monitor the financial status of guaranteed parties and take necessary actions if their financial condition deteriorates [9][10]. - If a guaranteed debt is not repaid on time, the company must implement remedial measures and may need to pursue recovery from the guaranteed party [10][11]. Information Disclosure - The company is required to disclose financing and guarantee-related information in accordance with relevant laws and regulations [28][29]. Responsibilities - All directors are responsible for reviewing financing and guarantee matters according to the established procedures and may face legal consequences for violations [30][31].

Meeting Overview - The company will hold its second extraordinary general meeting of shareholders on July 2, 2025, at 14:30 [1] - The meeting will include both on-site and online voting options for shareholders [1][5] - Shareholders must register to attend the meeting, with specific requirements for both corporate and individual shareholders [4][5] Agenda Items - The meeting will review several proposals, including amendments to various management systems and the approval of a project loan application by a wholly-owned subsidiary [2][3] - Proposals require a special resolution, needing more than two-thirds of the voting rights held by attending shareholders to pass [3] Registration and Voting Procedures - Registration for the meeting can be done in person or through mail, fax, or email for remote shareholders [4][5] - The company will provide a platform for online voting through the Shenzhen Stock Exchange systems [5][10] - Detailed instructions for the voting process, including the allocation of voting rights, are provided [10][11]

General Principles - The financing and external guarantee management system of Beijing High Energy Times Environmental Technology Co., Ltd. aims to standardize financing and external guarantee management, effectively control financing and guarantee risks, and protect the financial safety and legal rights of investors [2][3] - Financing refers to indirect financing behaviors towards financial institutions, primarily including comprehensive credit, working capital loans, technological transformation and fixed asset loans, letter of credit financing, bill financing, and issuing guarantees [3][4] - External guarantees refer to the company and its subsidiaries providing guarantees, pledges, or other forms of guarantees for others, including guarantees for subsidiaries [3][4] Financing Approval Process - The finance department is responsible for the daily management of financing and external guarantees [4] - Financing matters that account for less than 10% of the latest audited net assets can be approved by the executive meeting of the president, while those between 10% and 30% require board approval [5] - Financing matters exceeding 30% of the latest audited net assets must be approved by the board and then submitted to the shareholders' meeting for approval [5][6] External Guarantee Conditions - The company must verify the credit status of the guaranteed party and analyze the benefits and risks before providing guarantees [13] - The company should ensure that the guaranteed party is a legally established enterprise with good financial status and stable cash flow [13][14] - Guarantees for controlling shareholders or related parties must require counter-guarantees from the other party [15] External Guarantee Approval Process - The highest decision-making body for external guarantees is the shareholders' meeting, with the board exercising approval rights within the scope of the company's articles of association [16] - External guarantees must be submitted to the board for review, requiring a majority approval from the board members present [17] - Guarantees exceeding 10% of the latest audited net assets or total guarantees exceeding 50% of the latest audited net assets require shareholders' meeting approval [19][20] Risk Management and Execution - The finance department is responsible for managing financing and external guarantees, ensuring compliance with the company's articles of association and the established system [26] - Contracts must be registered with the finance department within 7 days of signing [27] - The company must monitor the financial status of the guaranteed party and take necessary measures if any adverse changes occur [31][32] Information Disclosure - The company must fulfill information disclosure obligations according to relevant laws and regulations, with the board secretary responsible for this task [37] - Approved external guarantees must be disclosed in designated publications and on the stock exchange website [38] - If the guaranteed party fails to fulfill repayment obligations, the company must promptly disclose the situation [39] Responsibilities of Personnel - All directors must strictly review financing and external guarantee matters according to the established system and bear joint liability for any losses caused by violations [41] - Senior management and relevant personnel who exceed their authority in approving financing or guarantees will be held accountable for any actual losses incurred [42]