According to the requirements of the relevant national laws, regulations and normative documents for the standardized operation and asset control of listed companies, the company, as the controlling shareholder or actual controller, exercises the power of supervision and management over the major matters of its holding subsidiaries, and enjoys the right of return on investment and the right of major decision-making on investment enterprises according to law. At the same time, it has the obligation to guide, supervise and provide related services to the holding subsidiaries.
Holding subsidiaries shall formulate corresponding business plans and risk management procedures according to the company's business strategy and risk management policies.
A holding subsidiary shall establish a reporting system and review procedures for major events, report major business events, major financial events and other information that may have a significant impact on the trading price of the company's shares and their derivatives in a timely manner in accordance with the provisions, and report major events to the board of directors or shareholders' meeting of the company for review in strict accordance with the authorization provisions.
When convening the board of directors and shareholders' meeting, the holding subsidiary shall timely submit the resolutions of the board of directors and shareholders' meeting and other important documents to the secretary of the company's board of directors the day after the meeting, and notify the matters that may have a significant impact on the trading price of the company's shares and its derivatives.
Holding subsidiaries shall operate in accordance with the norms of listed companies, strictly abide by relevant laws and regulations, and formulate their internal control system with reference to this system and relevant regulations of the company. Where a holding subsidiary of a company holds shares in other companies, it shall establish a management control system for the holding subsidiary step by step in accordance with the requirements of this system and accept the supervision of the company.
The development strategy and planning of holding subsidiaries must obey the overall development strategy and planning formulated by the company, and implement the company's various system provisions for holding subsidiaries.