According to the changes of the company’s financing business, the following amendments are made to the financing management system:
1、 Original text: Article 1 in order to strengthen the management of Guangdong Guanghong Holdings Co.Ltd(000529) (hereinafter referred to as “the company”) financing activities, strengthen financing management and financial monitoring, reduce financing costs, effectively prevent financial risks and safeguard the overall interests of the company, this system is hereby formulated in accordance with the company law of the people’s Republic of China and other relevant laws and regulations, as well as the relevant provisions of Guangdong Guanghong Holdings Co.Ltd(000529) articles of association and in combination with the actual situation of the company. Revised as: Article 1 in order to strengthen the management of financing activities of Guangdong Guanghong Holdings Co.Ltd(000529) (hereinafter referred to as ” Guangdong Guanghong Holdings Co.Ltd(000529) ” or “the company”) and its subsidiaries at all levels (hereinafter referred to as “the affiliated enterprises”), strengthen financing management and financial monitoring, reduce financing costs, effectively prevent financial risks and safeguard the overall interests of the company, This system is formulated in accordance with the civil code of the people’s Republic of China, the company law of the people’s Republic of China and other relevant laws and regulations, as well as the relevant provisions of Guangdong Guanghong Holdings Co.Ltd(000529) articles of association, and in combination with the actual situation of the company. 2、 Article 2 the financing mentioned in this system refers to the funds obtained through credit financing for daily operation, including the funds borrowed by the company from banks, non bank financial institutions and units outside the system within the scope of Guangdong Guanghong Holdings Co.Ltd(000529) consolidation. The financing methods include short-term loans, issuance of bills (letters of credit), discount (cashing), medium and long-term loans, etc.
Article 2 the term “financing” as mentioned in this system refers to the activities of integrating funds through direct market debt financing and indirect market debt financing in order to meet the needs of the company’s daily operation and expansion of production scale.
Direct market debt financing mainly refers to the issuance of bonds, including corporate bonds, corporate bonds, asset-backed securities, non-financial enterprise debt financing instruments, etc;
Indirect market debt financing mainly includes bank financing and non bank financial institution financing. Bank financing includes working capital loan, M & a loan, project loan, bill (letter of credit) issuance, discount (cashing), etc; The financing of non bank financial institutions includes financial leasing, trust loans, debt investment plans of insurance companies, etc.
3、 Article 3 the financing of a company shall follow the principles of appropriate scale, appropriate term, reasonable structure and minimum comprehensive cost, and strictly control the financing scale from the overall economic benefits. No unit or individual may force the company to conduct financing, and the company has the right and shall refuse to force the company to conduct financing.
Article 3 the financing of the company and its affiliated enterprises shall follow the following principles: adhere to the correct political orientation and comply with the provisions of laws, regulations and normative documents; Starting from the overall economic benefits, strictly control the financing scale, which must adapt to the enterprise’s asset scale, actual needs of business activities, asset liability level, solvency, etc; No unit or individual may force the company to conduct financing, and the company has the right and shall refuse to force the company to conduct financing.
4、 Original text: None
Article 5 the company and its affiliated enterprises shall establish a post responsibility system for financing, clarify the responsibilities and authorities of relevant departments and posts, and ensure the separation, restriction and supervision of incompatible Posts handling financing business. The same department or individual shall not handle the whole process of financing.
Incompatible positions in financing management at least include: formulation and decision-making of financing scheme; Review and signing of financing contract; Execution and inspection of financing business.
Article 6 the Finance Department of the company and its affiliated enterprises shall formulate an external financing plan according to the internal control management procedures and in combination with the actual situation of the enterprise.
Article 7 where the financing business related to the issuance of bonds is registered and supervised by the national development and Reform Commission, China Securities Regulatory Commission and Shenzhen Stock Exchange, the Securities Affairs Department of the company shall be responsible for handling, and other financing businesses shall be handled by the Finance Department of the company.
5、 Article 5 the company’s financing shall implement the budget management and level by level examination and approval system.
Article 8 the company and its affiliated enterprises shall implement budget management and level by level examination and approval system for financing. The financing matters shall be approved and implemented in accordance with laws and regulations, normative documents, articles of association and other provisions.
6、 Article 7 the general meeting of shareholders, the board of directors, the chairman of the board of directors, the general manager’s office meeting and the general manager are the decision-making bodies for the financing of the company, and each makes decisions on the financing of the company within its scope of authority. Revised as: Article 9 the shareholders’ meeting, the board of directors and the general manager’s office meeting of the company and its affiliated enterprises are the decision-making bodies for various financing, and each makes decisions on financing matters within its authority.
7、 Article 8 the finance department is responsible for preparing the annual financing budget and putting forward the demand for the use of loan funds; Prepare financing plan; Organize loan application and approval; Put forward business applications such as capital loan, trade financing and bill financing; Manage and supervise the use and repayment of loans; Supervise and evaluate the borrowing process and prepare financing analysis report.
Revised as: Article 10 the finance department is responsible for preparing the annual financing budget; Prepare financing plan; Organize loan application and approval; Put forward financing business applications such as capital loans, bill financing, discount, financial leasing, trust loans, creditor’s rights investment plans of insurance companies, and issuance of debt financing instruments of non-financial enterprises; Manage and supervise the use and return of financing; Supervise and evaluate the borrowing process and prepare financing analysis report.
8、 Original text: None
Article 11 the Ministry of securities affairs shall, according to the division of responsibilities, be responsible for organizing and implementing the specific work of bond financing activities registered and supervised by the national development and Reform Commission, China Securities Regulatory Commission and Shenzhen Stock Exchange, and be responsible for the information disclosure of financing activities.
9、 Article 11 the financing plan shall be submitted to the manager of the finance department for review and signature, and then submitted to the financial director and the general manager for approval. Exceeding the approval authority of the general manager shall be reported to the general manager’s office meeting, the chairman, the board of directors and the general meeting of shareholders for approval level by level.
Revised as: Article 14 after the financing plan is submitted to the person in charge of the Finance Department of the company for review, it shall be submitted for approval level by level according to the specified authority.
10、 Article 12 the finance department shall fill in the financing approval form and approve it level by level according to the approval process of the financing plan. The financing approval form shall at least include the following contents:
(I) name of the institution to provide financing;
(II) the amount, term and cost of the proposed financing;
(III) purpose of funds obtained through financing;
(IV) institutions providing guarantee for financing;
(V) other relevant contents.
Revised as: Article 15 when a subordinate enterprise has financing needs, it shall submit a financing request and submit it for approval level by level according to the specified process. The financing request shall at least include the following contents:
(I) name of the institution to provide financing;
(II) types of financing instruments;
(III) the amount, term and cost of the proposed financing;
(IV) purpose of funds obtained through financing;
(V) institutions providing guarantee for financing (if any);
(VI) other relevant contents.
11、 Original text: None
New as: Article 17 the company and its affiliated enterprises can solve the problem of capital shortage through financial leasing according to business needs. When handling the financial leasing business, the company and its affiliated enterprises shall go through the relevant approval procedures with reference to the bank loan method, and manage the financial leasing assets with reference to the fixed assets management system.
12、 Original text: None
Add as follows: Article 18 the financial department and Securities Affairs Department of the company shall, according to the division of responsibilities, draft the proposal for bond issuance and the preliminary issuance plan, and submit it for approval level by level according to the regulations. The content of the issuance plan shall include financing scale, financing purpose, financing period, financing interest rate and other elements.
13、 Original text: None
New as: Article 19 when a company issues bonds, the finance department or securities affairs department of the company shall hire a service institution that meets the relevant requirements to carry out professional work.
14、 Article 14 preparation and review of loan account
(I) after the loan is granted, the accounting personnel of the finance department shall conduct accounting treatment one by one according to the receipt of loan provided by the loan institution. The fund management personnel shall calculate the interest payable at the end of each quarter and submit it to the accounting personnel for review and bookkeeping.
(II) the fund management personnel shall prepare the bank loan account, register the loan amount, term, interest rate, agreement number, principal and interest repayment, etc. one by one according to the fund change, actual payment amount and interest documents, and report to the manager of the financial department for review and signature on a monthly basis.
(III) the borrowing enterprise shall submit the borrowing contract, guarantee contract and other borrowing materials to the Finance Department of the company for filing within 5 working days after the signing and effectiveness of the borrowing contract and guarantee contract.
Revised as: Article 20 after obtaining financing, the financial department of each enterprise shall conduct accounting treatment in time. And calculate and pay interest regularly.
Article 21 the Finance Department of the affiliated enterprise shall establish a financing management account, register the financing type, amount, term, interest rate, contract (or agreement) number, principal and interest repayment and other information one by one according to the financing situation, and report to Guangdong Guanghong Holdings Co.Ltd(000529) finance department on a monthly basis after being reviewed by the person in charge of the finance department at the same level.
Article 22 the affiliated enterprise shall submit the loan materials including relevant contracts to Guangdong Guanghong Holdings Co.Ltd(000529) finance department for filing within 5 working days after the signing of the loan contract and guarantee contract.
15、 Article 15 repayment and extension of loan (I) the finance department shall fill in the approval form for the use of funds five working days before the maturity of the loan, which shall be reviewed and signed by the manager of the finance department, and then submitted to the leaders at all levels for approval according to the authority of fund management. (II) if the loan needs to be extended, the finance department shall submit the loan extension application report to explain the reasons for the loan extension, the interest payable and the corresponding risks. After being reviewed and signed by the manager of the finance department, it shall be approved at all levels according to the loan application and approval process.
Article 23 the company and its affiliated enterprises shall repay the principal and interest on schedule in accordance with the relevant contracts. If the loan of the affiliated enterprise needs to be extended, it shall submit the request for instructions on deferred repayment to Guangdong Guanghong Holdings Co.Ltd(000529) finance department one month in advance, detailing the reasons for the deferred repayment, the measures to be taken and the repayment plan.
16、 Article 16 the finance department is responsible for supervising the whole financing process, collecting relevant information, and preparing the financing analysis report every six months according to the company’s capital status and changes in the financial market, mainly including the financing and return of bank funds, interest payment, capital cost Analyze and explain the overall implementation of the financing budget and the fund arrangement for the next half year, and analyze and predict the financial situation. After being reviewed and signed by the manager of the financial department, it shall be submitted to the general manager of the company for approval to provide decision-making basis. The financing analysis report shall be filed by the finance department.
Revised as: Article 24 Guangdong Guanghong Holdings Co.Ltd(000529) finance department is responsible for supervising and managing the whole financing process of the company, and preparing the financing analysis report every year according to the company’s capital status and changes in the financial market, mainly including fund raising and return, interest payment, capital cost, overall implementation of financing budget and financing plan for the next year, which shall be submitted to the main leaders of the company after being reviewed by the person in charge of finance department, To provide decision-making basis.
17、 Article 17 the holding subsidiary of the company shall handle relevant business according to the credit financing business process of Guangdong Guanghong Holdings Co.Ltd(000529) company, and the financing business shall be reported to the holding company for approval.
Revised to: delete.
