Article 1 In order to strengthen the company's investment management, standardize the company's investment behavior, improve the efficiency of capital operation, and ensure the safety and profitability of capital operation, this system is formulated in accordance with the relevant financial laws and regulations of the state and the specific conditions of the company.

Article 2 This system is applicable to all investment behaviors of the company.

Article 3 The investment mentioned in this system includes foreign investment and domestic investment. Foreign investment refers to various forms of investment activities with monetary funds, houses, machinery and equipment, materials and other physical assets that have been appraised, as well as intangible assets such as patent rights, trademark rights and land use rights. Internal investment refers to the use of its own funds or bank loans for capital construction, technological transformation, large-scale machinery and equipment purchase and construction and other fixed assets investment activities.

Article 4 Purpose of investment:

(a) the effective use of idle funds or other assets, moderate capital expansion, in order to obtain better income, to ensure the preservation and appreciation of assets. (2) Improve equipment level, enhance market competitiveness, expand business scale, and cultivate new economic growth points.

Article 5 Investment principles

(a) must abide by national laws and regulations, in line with national industrial policies;

(two) in line with the company's development strategy;

(3) The scale must be moderate, and the development of the company's main business must not be affected;

(4) We must adhere to the principle of efficiency. In principle, the return on long-term investment should not be lower than the return on net assets of the company.

Chapter II Foreign Investment

Article 6 Foreign investment can be divided into short-term investment and long-term investment according to the investment period:

(1) Short-term investments generally include the purchase of government bonds, corporate bonds, financial bonds and stocks. Considering the actual situation of the company at this stage, the company is not allowed to make short-term investments at this stage.

(2) Long-term investment generally includes:

1. Invest with external enterprises and other economic organizations to establish joint ventures or cooperative legal persons;

2. Establish joint ventures and cooperation projects with overseas companies, enterprises and other economic organizations;

3. Participate in the production and operation of other legal person stores in the form of equity participation.

Article 7 The accumulated foreign investment of a company shall not exceed 50% of the company's net assets.

Article 8 Separation of duties in investment business

(1) Separation of investment planners from examination and approval personnel.

(2) The person in charge of securities trading should be separated from the accountant.

(3) The securities custodian is separated from the accountant.