（文章来源：证券日报） 证券日报网讯 12月15日晚间，安琪酵母发布公告称，公司第十届董事会第九次会议审议通过《关于变 更注册资本及股份数并修订有关条款的议案》《关于修订公司有关条款的议案》《关于对参股公司提供 担保的议案》。 ...

Core Insights - Anqihua Yeast (600298.SH) announced plans to implement a flexible intelligent manufacturing project for food raw materials with an annual production capacity of 60,000 tons to meet the company's "14th Five-Year" market planning needs [1] - The total investment for this project is 215 million yuan [1] Company Strategy - The project aims to further ensure the supply of the company's food raw material products [1] - This initiative aligns with the company's long-term market strategy and growth objectives [1]

Group 1 - The core point of the article is that Angel Yeast (600298.SH) announced plans to implement a flexible intelligent manufacturing project for food raw materials with an annual production capacity of 60,000 tons, in line with its "14th Five-Year" market planning needs [1] - The investment amount for this project is 215 million yuan [1]

Core Viewpoint - Angel Yeast reported its Q3 2025 financial results, showing a steady growth in revenue and net profit, indicating a positive performance trend in the yeast industry [1] Financial Performance - In Q3 2025, the company achieved a revenue of 3.887 billion yuan, representing a year-on-year growth of 4% [1] - The net profit attributable to shareholders for Q3 was 317 million yuan, reflecting a year-on-year increase of 21% [1] - For the first three quarters of 2025, the total revenue reached 11.786 billion yuan, with an 8.01% year-on-year growth [1] - The net profit attributable to shareholders for the first three quarters was 1.116 billion yuan, showing a year-on-year growth of 17.13% [1]

Core Viewpoint - The document outlines the foreign exchange and interest rate risk management system of Angel Yeast Co., Ltd, aiming to standardize and enhance the management of these risks to ensure asset safety and compliance with relevant laws and regulations [1][2]. Section Summaries Purpose - The purpose of the system is to regulate the foreign exchange and interest rate risk management work of the company, ensuring asset safety and compliance with laws and regulations [1]. Scope - The risk management activities are limited to major settlement currencies used in the company's international business, including but not limited to USD, EUR, RUB, and EGP. The company will utilize various financial instruments to manage these risks [2]. Roles and Responsibilities - The financial department's risk management team, led by the financial manager, is responsible for drafting transaction plans, which include transaction types, limits, and methods. The plans must be approved by the general manager after review by the responsible leader [3][4]. Business Authorization - The decision-making bodies for risk management include the shareholders' meeting, board of directors, and management. Transactions exceeding 30% of the company's audited total revenue must be approved by the shareholders' meeting [4]. Management Principles - The risk management activities must align with the company's operational principles, focusing on hedging to minimize risks. Speculative trading is prohibited, and all activities must be managed centrally by the financial department [5]. Additional Provisions - The company must conduct transactions only with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China. The company is required to establish its own trading accounts for these activities [5].

General Principles - The company aims to standardize the management of information disclosure deferral and exemption, ensuring compliance with legal obligations and protecting investors' rights [1] - The company will follow the regulations set forth in the Stock Listing Rules and other relevant business rules when handling information disclosure deferral and exemption [1][2] Scope of Deferral and Exemption - Information can be deferred or exempted from disclosure if it involves state secrets or commercial secrets that meet specific criteria, such as potential harm to competition or violation of confidentiality [2][3] - The definition of commercial secrets includes non-public information that provides economic benefits and is protected by confidentiality measures [2] - The definition of state secrets includes information related to national security that is restricted to a limited audience and could cause harm if disclosed [2] Management of Deferral and Exemption - The company must carefully assess whether information qualifies for deferral or exemption and cannot misuse these procedures to avoid disclosure obligations [3][4] - The company has a responsibility to maintain state secrets and must not disclose such information through any means, including investor interactions or media releases [4] - In periodic reports, the company may use alternative methods to protect sensitive information, such as using pseudonyms or summarizing data [4][5] Responsibilities and Procedures - The chairman of the board is the primary responsible person for implementing deferral and exemption measures, while the board secretary coordinates the specific details [5] - Departments seeking deferral or exemption must complete internal documentation and submit it to the board secretary for review within two trading days [5][6] - Any deferred or exempted information must be disclosed promptly once the reasons for deferral are resolved [6][7] Accountability - The company has established a mechanism for accountability regarding deferral and exemption practices, with penalties for those who fail to comply with the established procedures [7]

Core Viewpoint - The internal control system of Angel Yeast Co., Ltd. aims to enhance operational efficiency, ensure asset security, and comply with legal regulations while mitigating various risks [1]. Group 1: Internal Control Objectives - The internal control system is designed to ensure legal compliance, asset security, and the authenticity of financial reporting [1]. - The principles guiding the internal control system include comprehensiveness, legality, effectiveness, significance, checks and balances, adaptability, and cost-effectiveness [3]. Group 2: Internal Control Environment - The company establishes a clear organizational structure and division of responsibilities to ensure effective management [2]. - The board of directors oversees the internal control system's effectiveness, while management is responsible for its implementation [2][3]. - An audit and risk committee is established within the board to supervise financial information and internal control [2]. Group 3: Risk Assessment - The company conducts comprehensive risk assessments by collecting relevant internal and external information [5]. - Internal risks focus on factors such as management integrity, organizational structure, and financial health [5][7]. - External risks include economic conditions, legal regulations, and technological advancements [5][7]. Group 4: Control Activities - Control measures include separation of incompatible duties, authorization controls, and financial management systems [8][9]. - The company implements a budget management system to clarify responsibilities and enhance budgetary constraints [10]. Group 5: Information and Communication - The company establishes internal communication systems to enhance efficiency and transparency [11]. - An information disclosure management system is in place to ensure timely and accurate external communication [11]. Group 6: Internal Supervision - The audit and risk committee is responsible for internal supervision and reporting on control deficiencies [12][14]. - Regular self-evaluations of the internal control effectiveness are conducted based on supervisory findings [14].

General Principles - The internal audit system of Angel Yeast Co., Ltd. aims to enhance and standardize internal audit work, improve audit quality, strengthen risk management, protect the interests of the company and its shareholders, and promote sustainable development [1][2] - Internal audit is defined as the supervision, evaluation, and recommendations regarding financial expenditures, economic activities, data asset management, internal control, risk management, and performance management [1][2] Internal Audit Organization and Personnel - The internal audit work is organized under the leadership of the company's Party Committee and Board of Directors [2] - The Audit and Risk Committee of the Board is responsible for guiding and supervising internal audit work [2] - The audit team operates independently and is funded through the company's financial budget [2][3] - Internal auditors must possess relevant professional knowledge and experience, and the company should support their continuous training and development [2][3] Internal Audit Responsibilities and Authority - The internal audit team is responsible for establishing a comprehensive internal audit system and auditing the execution of strategic decisions, financial activities, and compliance with regulations [3][4] - The audit team has the authority to request relevant documents, attend meetings, and conduct on-site inspections [3][4] Internal Audit Methods and Procedures - The audit team should incorporate research-based auditing concepts throughout the audit process and utilize modern technologies to enhance audit quality and efficiency [4][5] - An annual audit plan should be developed based on the company's goals and key work areas, covering significant risk areas [4][5] Audit Rectification and Result Utilization - The audited units are responsible for rectifying issues identified in the audit, with their main leaders being the first responsible persons for rectification [6][7] - The audit team will track the rectification progress and establish a rectification ledger to ensure compliance [6][7] Accountability - The company will require corrective actions from audited units that refuse to cooperate with the audit or fail to rectify identified issues [7][8] - Internal auditors who violate regulations or fail to identify significant issues may face disciplinary actions or legal consequences [8][9]

General Principles - The company aims to implement a social responsibility management system to promote sustainable economic and social development, adhering to relevant laws and regulations [1][2] - Social responsibility encompasses safety production, product quality, environmental protection, resource conservation, employment promotion, and employee rights protection [1][2] Management System and Responsibilities - The company has established an ESG (Environmental, Social, and Governance) management system led by an ESG working group, which is responsible for formulating ESG strategies and standards [3] - The board of directors serves as the decision-making body for social responsibility, while various departments and subsidiaries are responsible for execution [3] Responsibilities to Consumers - The company commits to providing natural, nutritious, healthy, and delicious products while adhering to food safety laws and regulations [5][6] - A robust product quality control system is in place to prevent unsafe products from reaching consumers [6] Responsibilities to the Environment and Resources - The company focuses on energy conservation and environmental protection, implementing clean production methods to minimize resource consumption [12][13] - An environmental monitoring system is established to ensure compliance with pollution discharge regulations and to address any environmental incidents promptly [15] Responsibilities to Employees - The company protects employees' legal rights and promotes stable employment, ensuring timely social insurance payments and adherence to labor laws [19][20] - Safety management and health monitoring systems are implemented to safeguard employee well-being [21][22] Responsibilities to Shareholders and Creditors - The company aims to improve corporate governance and market image while ensuring fair treatment of all investors [24][25] - Long-term profit distribution policies are established to provide reasonable returns to shareholders [27] Responsibilities to Suppliers and Partners - The company fosters long-term, transparent relationships with suppliers and partners based on mutual benefit and integrity [30][31] - Anti-commercial bribery measures are in place to prevent unethical practices in business dealings [33] Responsibilities to Social Welfare - The company actively participates in industry activities and social welfare initiatives, including disaster relief efforts [34][37] - A donation management system is established to support social causes within the company's capacity [35] Reporting and Disclosure - The company is required to publish an annual sustainability report within four months after the end of the fiscal year, ensuring transparency in its social responsibility efforts [39][40] - The information disclosed must accurately reflect the company's performance in sustainable development without misleading stakeholders [41]

Group 1 - The core viewpoint of the articles is the establishment of a compensation management system for directors and senior executives to enhance their motivation and creativity, aligning with the company's strategic and short-term goals [1][2]. Group 2 - The applicable subjects of the compensation management system include the chairman, general manager, deputy general managers, financial officer, board secretary, and directors (excluding external independent directors and employee directors) [1]. - The guiding principles emphasize a market-oriented approach, ensuring a balance between rights and responsibilities, as well as incentives and constraints [1]. - The board of directors is responsible for assessing the aforementioned personnel and determining their compensation, with the compensation and assessment committee overseeing the implementation [1]. Group 3 - The basic salary for the aforementioned personnel is calculated based on the chairman's basic salary multiplied by a position coefficient, with the coefficients defined for different roles [1]. - The annual salary adjustment considers industry salary levels, external environment, asset and performance scale, and overall salary levels, with increases not exceeding the combined growth of sales revenue and net profit [1][2]. Group 4 - The compensation assessment scheme allows for a salary fluctuation range of 70% to 190% of the basic salary, with additional rewards for significant contributions not subject to the upper limit [2]. - The total salary for the aforementioned personnel is paid monthly based on an advance of 80% of the annual budget salary, with year-end adjustments based on performance assessments [2]. Group 5 - New appointees will have their position coefficients adjusted in stages to reach the standard coefficient within a maximum transition period of three years [2][4]. - The compensation management system will be implemented after approval by the shareholders' meeting [4].