Shanghai new power automobile technology Co., Ltd
Risk disposal plan for the company and Shanghai Automotive Group Finance Co., Ltd. to carry out related deposit and loan and other financial businesses
Chapter I General Provisions
Article 1 in order to effectively prevent, timely control and resolve the risks of deposit and loan and other financial business (hereinafter referred to as financial business risks of SAIC finance company) carried out by Shanghai New Power Automotive Technology Co., Ltd. (hereinafter referred to as "the company") and Shanghai Automotive Group Finance Co., Ltd. (hereinafter referred to as "SAIC finance company") controlled by Saic Motor Corporation Limited(600104) (hereinafter referred to as "the company") and ensure the safety of funds, This risk disposal plan is formulated in accordance with the provisions of self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 5 - transactions and related party transactions.
Chapter II Risk Disposal organization and responsibilities
Article 2 the financial business risk disposal of the company and SAIC finance company shall be decided by the general manager's office meeting, and the assets and Finance Department of the company shall be responsible for the specific daily business management.
Article 3 responsibilities of risk disposal organization
(I) the general manager office of the company is fully responsible for the prevention and disposal of financial business risks of the company and SAIC finance company, and is responsible to the board of directors.
(II) the asset and Finance Department of the company shall lead relevant functional departments to conduct daily audit and supervision on the deposit and loan and other financial businesses carried out by the company and its subsidiaries to SAIC finance company, actively plan and implement various risk prevention measures, regularly test the capital liquidity of SAIC finance company, ensure that information monitoring is in place and risk prevention is effective, and report to the general manager's office meeting of the company.
All functional departments of the company shall strengthen risk monitoring according to the division of responsibilities, coordinate with each other, and cooperate closely with the asset and finance department to jointly control and resolve risks.
(III) the assets and Finance Department of the company shall strengthen the daily monitoring of relevant risks, timely report to the general manager's office meeting in case of any problem, and take decisive measures to prevent the spread and spread of risks.
Chapter III information report and disclosure
Article 4 the company establishes a financial business risk reporting system with the finance company, reports the risk disposal work to the board of directors regularly or in the form of interim reports, and performs the decision-making procedures and information disclosure obligations in strict accordance with the requirements of relevant laws and regulations on connected transactions.
Article 5 the capital transactions between the company and SAIC finance company shall perform the decision-making procedures and information disclosure obligations in strict accordance with the requirements of relevant laws and regulations on connected transactions.
Chapter IV risk emergency response procedures and measures
Article 6 SAIC finance company shall immediately start the prevention and disposal mechanism in case of any of the following circumstances:
(I) SAIC finance company violates the relevant provisions of the measures for the administration of enterprise group finance companies, the regulatory indicators cannot meet the requirements of the regulatory authorities, and is punished by Bank Of China Limited(601988) Insurance Regulatory Commission and other regulatory authorities, which leads or may lead to the inability of SAIC finance company to operate normally;
(II) SAIC finance company has major risk situations such as run on deposits, failure to pay due debts, overdue large loans or guaranteed advances, serious failure of computer system, robbery, major fraud cases, serious disciplinary violations or criminal cases involving directors or senior managers, which lead or may lead to the inability of SAIC Finance company to operate normally;
(III) SAIC finance company has major institutional changes, major equity changes or major business risks, which leads or may lead to the inability of SAIC finance company to operate normally; (IV) SAIC finance company has a serious payment crisis;
(V) the loss of SAIC finance company in the current year exceeds 30% of the registered capital or the loss of SAIC finance company for three consecutive years exceeds 10% of the registered capital, which leads or may lead to the inability of SAIC finance company to operate normally;
(VI) SAIC finance company was ordered to suspend business for rectification by Bank Of China Limited(601988) Insurance Regulatory Commission and other regulatory authorities;
(VII) other matters that may bring potential safety hazards to the funds deposited by the listed company.
Article 7 after the above financial business risks of SAIC finance company occur, the assets and Finance Department of the company shall immediately report to the general manager's office meeting of the company, and the general manager's office meeting of the company shall timely evaluate and analyze them and report them to the board of directors of the company. No unit or individual may conceal, postpone or instruct others to conceal, postpone or falsely report the deposit risk.
Article 8 the general manager's office meeting of the company will launch the prevention and disposal procedures, and shall urge SAIC finance to provide detailed information, understand the situation through multiple channels, analyze the dynamics of the risk, implement various risk resolution measures and responsibilities specified in the risk plan according to the risk causes and risk conditions, and formulate the risk emergency treatment plan. The plan shall be revised and supplemented in time according to the changes of financial business risk and the problems found in the implementation. The risk emergency treatment plan mainly includes the following contents:
(I) division of responsibilities, measures to be taken, tasks to be completed and objectives to be achieved of all departments and units.
(II) organization and implementation of various risk mitigation measures.
(III) supervision and guidance on the implementation of risk mitigation measures.
Article 9 after the occurrence of the above financial business risks of SAIC finance company, the company shall hold a joint meeting with SAIC finance company to require SAIC finance company to take positive measures to carry out risk self rescue and avoid risk diffusion and spread. If necessary, SAIC finance company shall be required to suspend or stop issuing new loans as appropriate and organize the recovery of funds; Sell the securities held immediately; Recover the interbank funds offered by banks to avoid corresponding risks and ensure that the safety and liquidity of the company's funds are not affected.
Chapter V disposal of follow-up matters
Article 10 after the sudden deposit risk subsides, the company strengthens the risk assessment and monitoring of SAIC finance company, urges SAIC finance company to enhance its capital strength and improve its anti risk ability, reassesses the deposit risk of SAIC finance company, and appropriately adjusts the deposit proportion.
Article 11 the company, together with SAIC Finance Corporation, carefully analyzes and summarizes the causes and consequences of sudden deposit risks, draws lessons and experiences, and does a better job in the prevention and disposal of deposit risks.
Chapter VI supplementary provisions
Article 12 the board of directors of the company reserves the right to interpret this plan.
Article 13 the plan shall be implemented from the date of deliberation and approval by the board of directors of the company.
