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Management Measures of Beijing Cultural Development Foundation

Article 1 In order to strengthen the management of the Foundation's funds, these Measures are formulated in accordance with the "Foundation Management Measures" of the State Council, relevant national regulations and the Articles of Association of the Foundation.

Article 2 The main tasks of fund management work are to raise funds legally, manage funds scientifically, use funds strictly, strive to improve the level of fund value-added, effectively implement financial audit and supervision systems, and maximize the development of funds while managing funds in accordance with the law.

Social and economic benefits to achieve the purpose and mission of the Foundation.

Article 3 The fund management work is responsible to the competent authority and the Board of Directors of the Association. The management principles shall be formulated by the Chairman’s Office Meeting, and the specific implementation shall be entrusted to the Secretariat.

Article 4 According to the provisions of Article 4 of the "Foundation Management Measures" of the State Council, the Association may raise funds by soliciting donations from enterprises, institutions, social groups and other organizations and individuals at home and abroad who are enthusiastic about the activities of the Association.

Article 5 Fund raising must follow the principle of voluntariness, and assessments are strictly prohibited.

Article 6 Members of the Association at all levels have the responsibility to proactively open up multiple channels and ways to raise funds in order to expand the sources of funds.

Larger fundraising activities are organized and implemented in a planned manner under the unified coordination of the chairman, vice chairman and secretary-general.

Article 7 Units and individuals not affiliated with the Association must obtain a formal authorization from the Association in advance to raise funds in the name of the Association.

Fundraising in the name of the Association without authorization constitutes an infringement of the Association's legitimate rights and interests, and the Association has the right to pursue liability according to law.

Article 8 The Association strictly implements donation procedures and issues formal receipts to donors in a timely manner for all forms of donations and incorporates them into account management.

Article 9: Commend and reward donors conscientiously. The reward methods and implementation details will be determined by the Chairman’s Office Meeting.

Article 10 The funds of this association are mainly used for: 1. Funding public welfare culture.

Funds include demonstration, national, classic and international cultural projects, as well as the construction of public welfare cultural facilities and the protection of cultural heritage.

2. Promote cultural innovation.

Fund cultural projects that are original, innovative, exploratory and experimental.

3. Foster cultural talents.

Support the cultivation of new cultural talents and the introduction and further training of cultural and artistic talents.

4. Promote cultural exchanges.

Fund domestic and foreign cultural exchange projects that help improve Beijing’s cultural and artistic standards and expand Beijing’s cultural influence.

5. Carry out exchanges between foundations.

Accept commissions from other foundations at home and abroad to handle relevant cultural affairs and carry out two-way cultural collaboration and exchanges.

Article 11 The use of funds must comply with legal provisions, comply with national policies on cultural support and development, and comply with the purpose of the Association.

Article 12 The use of funds must adhere to the principle of living within one's means and ensuring principal.

Article 13 The association’s funds can be deposited in financial institutions, or bonds and other securities can be purchased, but risky investments are prohibited.

Article 14 The interest income of the Association's funds and the income from the purchase of bonds and other securities shall be used to expand the Association's funds and office affairs funds in a certain proportion.

The specific allocation ratio is determined by the Board of Directors.

Article 15 In principle, the daily meeting expenses and personnel expenses of the Association shall not use the fund principal. They can only be disbursed in a certain proportion of the value-added part of the fund operation. If the principal is really needed, it must be approved by the Board of Directors of the Association.

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Article 16 The association’s funds shall implement independent accounting, open independent bank accounts, and manage fund accounts in strict accordance with relevant national regulations.

Article 17 The Association regularly announces the fund’s income and expenditure to the public every year and accepts supervision from all walks of life.