On November 27, 2023, in order to strengthen the contract management level of the senior management of the Group and the person in charge of the investment enterprise, and cultivate the awareness of compliance risk control, the Legal Department of the Group Risk control organized the senior management leaders of the group and the person in charge of the investment enterprise to hold a seminar on contract management methods. Li Pengtao, head of the risk control legal Department, made a keynote presentation, and Wu Yangqun, group consultant, presided over the meeting.

     The Group fully recognizes that contract management is an important means for the company to strengthen internal control, as well as an important basis for the company to maintain legitimate rights and interests, ensure operation safety, control financial risks and improve the company´s operation and management level. In daily management, we should not only respect the independence of subordinate enterprises, but also give play to the initiative and creativity of subordinate enterprises, guide the high-quality development of enterprises, and focus on the safety and efficiency of enterprise operation; Each investment enterprise should not only be responsible for the group leaders, but also responsible for their own enterprises, but also the management and assessment of various positions within the enterprise, must establish a set of compliance consciousness concept from top to bottom throughout the entire staff, and scientific, effective and easy to operate contract management methods.

     Based on this purpose, the seminar focused on the basic content of the contract and drafting concerns, contract management objectives and processes. As for the basic content of the contract, Li Pengtao likened it to the "baking cold noodles method" in an image, which is easy to remember, divided the contract structure into three parts, and explained the terms and key points of each part. In the part of contract management objectives, the basic control objectives of contract management compliance are defined. Compliance with compliance objectives, asset security objectives, financial reporting objectives, and business objectives are required to be the boundaries and red lines of contract management, and the control objectives must be achieved in contract management.

     According to the actual management work of the participants, the good methods worth learning in contract management, the existing problems and shortcomings, are candid with everyone to share, discuss and summarize. The Legal Department of Risk Control also answers questions and doubts about contracts raised by leaders, so that everyone can fully understand the compliance requirements of enterprise managers for contract management and understand the requirements of professional reviewers for contract terms and standards. Take this learning as an opportunity to improve my level in contract negotiation, drafting, review, management supervision, etc., review and approve contracts in strict accordance with compliance risk control requirements, and control risks. Consciously unify the awareness and action of compliance to the pursuit of efficiency and safety as the same important goal requirements, focus on the core task of enterprise management, learn, change, and strive to do every contract solid and achieve the position, the learning results into the actual effect of improving contract management. Efforts should be made to improve the ability to combine learning with application and promote work through learning, and to solve the basic problems that restrict the high-quality development of enterprises.