Strengthen the compliance foundation   Promote high-quality development of enterprises

—— Guizhou Qianjin Rubber & Plastic Technology Co., Ltd. held a phase-summary meeting for the special project on building its compliance management system.

To promote the company’s high-quality development and improve the construction of its institutional framework, Foster a strong compliance management culture, 1 Moon 18 In the afternoon, Guizhou Qianjin Rubber & Plastic Technology Co., Ltd. held a stage-summary meeting on the construction of its compliance management system. The meeting was chaired by Wang Shiqiang, member of the company’s general Party branch and deputy general manager. Zhao Zhenghong, deputy secretary of the company’s general Party branch and general manager, attended the meeting and delivered a speech. Heads of relevant departments and lawyers from Guizhou Modu Law Firm also participated in the meeting.

At the meeting, Attorney Xu Shi from Guizhou Modu Law Firm spoke about last year's... 9 A phased report on the progress of relevant work to date this month. One is Report on the survey findings from various departments within the company, disclose the compliance issues the company is facing, and propose solutions and recommendations for the legal issues encountered during the survey process. Second is Report on the “abolishment, revision, and establishment” of management systems. As of now, the legal team has revised various management systems. 24 Item: Newly established system 10 Item; Third is Identify sources of compliance management risks and implement risk controls for the company. These include strategic risks, governance structure risks, risks related to job authorization and agency relationships, risks in bidding and tendering management, and risks in contract management. 20 Total number of control objectives and risk points for class risks 309 Each item will be introduced individually, with the aim of enhancing the company’s capabilities in both risk-detection controls and preventive controls.

Wang Shiqiang emphasized that all departments must actively cooperate and continuously improve their internal control and compliance mechanisms. While firmly upholding the compliance baseline, they should continually optimize internal control systems, integrating compliance requirements and standards into daily work and business processes. This will provide strong institutional support for boosting the company’s market-oriented operational vitality and foster a positive environment in which “compliance creates value.”

In his concluding remarks, Zhao Zhenghong pointed out that compliance management is the lifeline of an enterprise’s production and operations. Heads of all departments should take the lead in fostering compliance awareness, intensify compliance education and publicity, and ensure effective implementation, thereby promoting the company’s faster and better development. One is Improve the operational mechanism: All departments must conduct a comprehensive review and systematic categorization of compliance risks. After the issuance of relevant systems and management measures, they should complete the “repeal, amendment, and enactment” of these systems according to established procedures, and carry out thorough training and communication efforts, while maintaining detailed records of the learning process. Second is Enhance the “execution capability” of internal control and compliance mechanisms. The vitality of any system lies in its implementation. We must start with top-level design to build a robust system, focus on mechanism operation to improve preventive effectiveness, and concentrate on key areas to proactively identify and address risks. We should ensure that all aspects of internal control and compliance are thoroughly implemented, meticulously refined, and effectively executed, thereby genuinely enhancing our ability to prevent and mitigate major risks. Third is Strengthen internal control, compliance, and supervisory inspections. All departments should adhere to a problem-oriented approach, conduct regular supervisory inspections of relevant business areas, and promote the establishment of a more scientific and effectively controlled internal control and compliance system and framework.