Beijing Stock Exchange Issues Trading and Related Party Transactions Guidelines.

In order to further standardize the trading and related party transaction behavior of listed companies, improve the level of standardized operation and quality of information disclosure of listed companies, protect the legitimate rights and interests of investors, the Beijing Stock Exchange has formulated the "Beijing Stock Exchange Listed Company Continuous Supervision Guidelines No. 15- Trading and Related Party Transactions", which will be implemented from the date of publication. The "Guidelines" cover transaction scenarios such as financial company related party transactions, entrusted wealth management, securities investment, futures and derivatives trading, etc., and promote the standardized, transparent, and high-quality development of listed companies through clear review procedures, strengthened internal control management, and improved disclosure content. This includes detailing the supervision of related party transactions and preventing the risk of interest transmission. It focuses on regulating four types of related party transactions: financial company related party transactions, related party joint investments, daily related party transactions, and related purchases and sales of assets, clarifying that financial company related party transactions require the signing of a financial services agreement, the establishment of a risk plan, and continuous evaluation of fund security. For situations where assets are purchased at a high premium without providing profit guarantees or compensation commitments, enhanced disclosure supervision is needed to effectively prevent interest transmission.