In order to further regulate the transactions and related transactions of listed companies, improve the standard level of operation of listed companies and the quality of information disclosure, and protect the legitimate rights and interests of investors, the Beijing Stock Exchange formulated the “Beijing Stock Exchange Listed Companies Continued Supervision Guidelines No. 15 - Transactions and Related Transactions”, which took effect from the date of publication. The “Guidelines” cover transaction scenarios such as transactions involving financial companies, entrusted financial management, securities investment, futures and derivatives transactions, etc., and promote standardized, transparent and high-quality development of listed companies by clarifying review procedures, strengthening internal control management, and improving disclosure content. This includes refining the supervision of related transactions to prevent the risk of transfer of benefits. The focus is on regulating the four types of related transactions, including financial company-related transactions, related joint investments, daily related transactions, and related purchases and sales of assets, making it clear that financial company-related transactions require signing financial service agreements, formulating risk plans, and continuously evaluating financial security; strengthening credit disclosure supervision for situations where assets are purchased at high premiums and no profit guarantee or compensation promises are provided to effectively prevent the transfer of benefits.

In order to further regulate the transactions and related transactions of listed companies, improve the standard level of operation of listed companies and the quality of information disclosure, and protect the legitimate rights and interests of investors, the Beijing Stock Exchange formulated the “Beijing Stock Exchange Listed Companies Continued Supervision Guidelines No. 15 - Transactions and Related Transactions”, which took effect from the date of publication. The “Guidelines” cover transaction scenarios such as transactions involving financial companies, entrusted financial management, securities investment, futures and derivatives transactions, etc., and promote standardized, transparent and high-quality development of listed companies by clarifying review procedures, strengthening internal control management, and improving disclosure content. This includes refining the supervision of related transactions to prevent the risk of transfer of benefits. The focus is on regulating the four types of related transactions, including financial company-related transactions, related joint investments, daily related transactions, and related purchases and sales of assets, making it clear that financial company-related transactions require signing financial service agreements, formulating risk plans, and continuously evaluating financial security; strengthening credit disclosure supervision for situations where assets are purchased at high premiums and no profit guarantee or compensation promises are provided to effectively prevent the transfer of benefits.