NANJING PANDA Electronics Co., Ltd. has announced a newly established "Entrusted Financial Management System" aimed at regulating the company's entrusted financial management business, improving capital utilization efficiency, and effectively preventing investment risks. The system clarifies the principles, approval authority, execution procedures, and risk control measures for entrusted financial management.According to the system, entrusted financial management by the company should adhere to the principles of "standardized operation, risk prevention, cautious investment, and value preservation and appreciation," primarily investing in low-risk financial products with a term of no more than 12 months. Regarding approval authority, depending on the investment amount, approvals will be reviewed and approved by the General Manager's office meeting, the Board of Directors, or the Shareholders...Show More

NANJING PANDA Electronics Co., Ltd. has announced a newly established "Entrusted Financial Management System" aimed at regulating the company's entrusted financial management business, improving capital utilization efficiency, and effectively preventing investment risks. The system clarifies the principles, approval authority, execution procedures, and risk control measures for entrusted financial management.According to the system, entrusted financial management by the company should adhere to the principles of "standardized operation, risk prevention, cautious investment, and value preservation and appreciation," primarily investing in low-risk financial products with a term of no more than 12 months. Regarding approval authority, depending on the investment amount, approvals will be reviewed and approved by the General Manager's office meeting, the Board of Directors, or the Shareholders' Meeting. Within the approved limit, the Chairman can authorize the General Manager to exercise specific decision-making rights.The system also stipulates strict risk control measures, including establishing a financial management ledger, implementing a reporting system, and timely tracking of fund movements. The company’s audit department will conduct daily supervision of the entrusted financial management situation, and independent directors and the supervisory board also have the right to conduct inspections. Furthermore, the company must fulfill its information disclosure obligations in a timely manner according to the requirements of the Shanghai Stock Exchange to ensure investment transparency and compliance.