Chapter I General Provisions

Article 1 In order to thoroughly implement the "7510" Action Plan for Modernization of Ganzhou Manufacturing Industry (2023-2026)", and give full play to the leverage effect and traction effect of the city's major industrial project investment guidance funds, the city has implemented the strategy of promoting industrial development by capital investment. To thoroughly implement the "Ganzhou City, manufacturing key industry chain modernization construction" 7510 "Action Plan (2023-2026)", give full play to the city's major industrial projects to guide the leveraging effect of investment funds and boost traction effect, the implementation of capital investment, capital investment strategy to promote industrial development, to attract domestic and foreign high-quality capital, technology, talent to Ganzhou City, the focus of the industrial project to gather to accelerate the development of our city's industries to achieve the industrial multiplication and upgrading, the formulation of the approach.

The second major industrial projects investment guidance funds (hereinafter referred to as guidance funds) is the municipal government set up a policy special funds, designed to play the leveraging role of financial funds to encourage and guide credit funds and social capital to the city's "1 +5 +N The city's "1+5+N" industrial clusters in the key projects.

Article 3 In accordance with the "government-led promotion, financial funds leverage, social capital injection, city and county level linkage, the selection of projects, appropriate risk investment, rolling cycle of efficiency," the principle of the main debt investment, equity investment and other methods of operation. The main purpose of the program is to help the public to understand the importance of the program.

Chapter II Management Organization and Workflow

Article 4 Management Organization

(1) Ganzhou State-owned Assets Investment Group Co. (hereinafter referred to as Ganzhou State-owned Assets Investment Group) is the entrusted management organization of the guiding funds, and its wholly-owned subsidiary, Ganzhou State-owned Industrial Investment Management Co. The general manager is the general manager of Ganzhou State Investment Group.

(2) The Leading Group of Industrial Multiplication and Upgrading Action of Ganzhou Municipality coordinates and guides the operation of the guiding funds, coordinates and solves the major problems encountered in the operation of the guiding funds, revises the rules of the guiding funds in due course, evaluates and summarizes the operation of the guiding funds in a timely manner, and completes other matters assigned by the municipal government.

(c) the establishment of guidance funds to invest in projects expert review, specifically responsible for the evaluation of the project to be invested in decision-making. The expert review will be convened by the Municipal Bureau of Industry and Information Technology, the State-owned Industrial Investment Organization, the person in charge of the State-owned Industrial Investment as the head of the evaluation team, members of the Municipal Bureau of Industry and Information Technology, Municipal Development and Reform Commission, Municipal Bureau of Finance, Municipal State-owned Assets Supervision and Administration Commission, the Office of the Industry Chain Chief and other familiar with the economy and industry, industry policy experts on behalf of the State-owned Industrial Investment business representatives, schools, institutes or business experts on behalf of the financial management or investment and financing experts, legal experts, cooperation with the financial institution Representatives of financial management or investment and financing experts, legal experts, cooperative financial institutions.

Article V Workflow

(1) The Municipal Bureau of Industry and Information Technology is responsible for determining the key areas of project declaration, issuing the "Guide to Declaration of Guiding Funds" (hereinafter referred to as the "Declaration Guidelines"), and accepting project declarations.

(2) Any enterprise with its registered place of business in the administrative area of Ganzhou City can apply to the industry and information department of the county (city, district) and Ganzhou Jingkai District and Ganzhou Rongjiang New District according to the project declaration guide, and the people's governments of the counties (cities, districts) and Ganzhou Jingkai District and Ganzhou Rongjiang New District will submit a document to the Municipal Bureau of Industry and Information Technology for declaration after the preliminary examination. The city-level major industrial projects are directly declared to the Municipal Bureau of Industry and Information Technology.

(3) The Municipal Bureau of Industry and Information Technology will recommend the projects to the State-owned Industrial Investment after the preliminary examination of the declared projects.

(4) SASI organizes its own or external experts, commissioned professional institutions to carry out due diligence on the recommended projects, risk assessment and evaluation, and put forward the investigation, demonstration and evaluation opinions. At the same time, the proposed investment project will be recommended to the bank (social capital side), guarantee institutions and other cooperative units, to promote the landing of the guidance funds.

(e) Debt investment projects by the State-owned industrial investment fully investigated and demonstrated feasible, and approved by the bank (social capital side), submitted to the expert review meeting evaluation decision; equity investment projects, by the State-owned industrial investment fully investigated and demonstrated feasible, submitted to the expert review meeting evaluation decision.

(F) the evaluation of the project through the formation of the expert review meeting opinion, the opinion submitted to the Municipal Bureau of Industry and Information Technology, and provided to the relevant cooperation agencies, the relevant cooperation agencies were signed with the project enterprise contract (agreement), for the relevant procedures for the investment.

(VII) by reducing the government's capital contribution or alleviate the guarantee of local state-owned enterprises, reduce the cost of enterprise financing, etc., financing replacement, optimization of guiding funds financing program projects, without repeating the submission of the expert review meeting review, only by the State-owned industrial investment written report to the Municipal Bureau of Industry and Information Technology.

Chapter III Funds Operation and Management

Article VI Scale of Funds and Source Channels

The first phase of the guidance funds from the municipal finance 1 billion yuan The project is located in the county (city, district) people's government and Ganzhou Economic Development Zone Management Committee, Ganzhou Rongjiang New District Management Committee (hereinafter collectively referred to as the county-level government) supporting the capital of 1 billion yuan, at the same time, the two levels of financial funds by not less than four times the leverage leveraged bank funds and other social capital to set up, the formation of not less than 10 billion yuan of capital scale. Municipal finance will be based on the operation of the funds and the actual need, under the premise of risk control, the integration of related funds to increase inputs, and gradually amplify the ratio and increase the total size of the guidance funds.

Article VII Creditor Investment Project Access and Allocation of Investment Amount

(a) The project is in line with the key areas identified in the "Declaration Guidelines" as offensive, leading, driving, strategic, and mainly supports the city's 1+5+N" industrial clusters, counties (cities, districts) in the first industry "high good low less" (high technological content, good economic efficiency, low consumption of resources, less environmental pollution), "two new and one high" (new materials, new energy, environmental pollution), "two new and one high" (new materials, new energy, environmental pollution). " (new materials, new energy, high technology) and other new industrialization projects, as well as in line with the national strategic emerging industries, future industries and municipal government decision-making and deployment of major projects.

(ii) City key investment, mergers and acquisitions and reorganization debt financing projects.

(C) the city's industrial multiplication and upgrading action leading group office that should be supported and the use of funds to guide the project.

(d) In principle, the project is required to start a new project in the year or within the year, there is a clear production plan and good sales prospects; the project undertakes the enterprise paid registered capital of not less than 20 million yuan, the total investment in fixed assets of the new project is not less than 100 million yuan, the total investment in fixed assets of the stock of enterprise technological transformation projects is not less than 50 million yuan, the project is expected to be completed and put into operation after the main business income of not less than 200 million yuan.

(E) project project filing, environmental assessment, energy assessment, "four certificates" and other administrative approval documents are legal and complete (except for mergers and acquisitions and reorganization projects).

(6) according to the investment mode and the actual capital contribution of the enterprise's own funds to determine the proportion of guiding funds to support the debt, of which the new land projects (including the government on behalf of the construction of plant projects) and technological transformation projects not more than 70% of the project's investment in fixed assets, leased factory buildings for the new project not more than 60% of the project's investment in fixed assets, mergers and acquisitions and restructuring projects not more than 60%, the project's investment in fixed assets. 60%, M&A and reorganization projects do not exceed 60% of the total amount of M&A transactions. At the same time, the actual proportion of investment in the enterprise's own funds is not less than 30% (30% if there is government equity investment, then the same amount of reduction).

(7) In principle, the amount of guiding funds for a single project will not exceed 1.5 billion yuan.

Article VIII Access to Equity Investment and Allocation of Investment Amount

(1) Enterprises belonging to the key industrial clusters of Ganzhou City (1+5+N), the counties (cities and districts), or those in line with the municipal government's decision-making policies, or those in line with the municipal government's decision-making policies, or those in line with the municipal government's decision-making policies. The first industry or other industrial enterprises in line with the decision-making and deployment of the municipal party committee and the municipal government.

(2) Equity financing projects such as key investment promotion, capital increase and expansion, mergers and acquisitions and reorganization of listed and to-be-listed key enterprises.

(c) Enterprises with paid-in registered capital of not less than 20 million yuan.

(d) In principle, the amount of municipal investment does not exceed the amount of investment at the county level (i.e., the ratio of municipal and county investment is not more than 1:1) and municipal investment in the stock of the old enterprise does not exceed 30 million yuan for a single household, and attract new projects for a single enterprise does not exceed 50 million yuan.

(e) the use of equity funds, including but not limited to fixed asset investment, mergers and acquisitions, restructuring, replenishment of liquidity, scientific and technological research and development, etc., but shall not be used for investment outside of the city of Ganzhou (except for reinvestment of the project within the city of Ganzhou).

(vi) Equity investment cannot be a single major shareholder.

Article IX Investment and Credit Enhancement and Guarantee Methods

(1) The funds of SASIC (at the municipal and county levels) and the funds of the banks (society) shall be invested in the project enterprises in the form of combination of debt, equity, or equity and debt. The investment methods of state-owned industrial investment include but are not limited to: entrusted loans, purchase of private convertible bonds issued by enterprises, trust loans, pledged loans of time deposits, funds, direct equity investment and so on. The investment methods of bank (social) capital include but are not limited to: project loans, merger and acquisition loans, trust loans, medium- and long-term liquidity loans, financial leasing, funds, direct equity investment and so on. The above investment methods can be combined and converted.

(b) State-owned industrial investment (municipal or municipal, county and county) funds can be listed and to be listed on the key enterprises of the equity financing projects for investment, investment methods include but are not limited to funds, direct equity investment, directional issuance of shares, has been invested in the guidance of the funds to convert debt to equity, etc., the scope of the investment includes through the guidance of the funds to invest in the new, The scope of investment includes investment in new construction, technological reform projects and the investment of guide funds after the debt-to-stock, capital expansion, mergers and acquisitions, directional issuance, etc., and the debt-to-stock project can be reset to the investment period depending on the situation.

(c) In order to effectively control the risk of funds, based on the requirements of security and liquidity, the financial management behavior can be implemented in accordance with the regulations is limited to treasury bonds, AAA-grade corporate bonds, capital-protected financial products or special funding programs. It is not allowed to engage in entrusted loan business not related to industrial projects.

(d) Other possible modes of operation, including but not limited to interest subsidies, performance subsidies and risk compensation arising from investment behavior.

(e) State-owned industrial investment funds for a certain proportion of prying bank (social) funds to bear the responsibility of inferior, that is, the bank (social) funds can be later than the State-owned industrial investment funds (in batches), the principal and interest priority over the recovery of the State-owned industrial investment funds, under the same circumstances, the assets of priority for the bank (social) funds mortgages, the State-owned industrial investment can be Under the same circumstances, the assets are preferred to be used as collateral for bank (social) funds, and SASIC can accept second-ranking collateral, and the recovery income of SASIC can be used to make up for the loss exposure of bank (social) funds if the bank (social) funds have a loss exposure. The scope of the inferior liability includes the investment principal and income, such as state-owned industrial investment funds in the form of depository receipt pledge for the bank (social) funds, the pledge amount for the depository receipt maturity of the principal and interest; entrusted loans or other means of funding, the amount of the inferiority of entrusted loans and other investment principal and interest (income).

(F) has been through the expert review meeting of the guidance of the capital investment projects, before putting the project, the project location government in accordance with the approval conditions to implement the matching funds in place in advance.

(7) for the state-owned industrial investment investment funds and a certain proportion of prying bank (social) debt investment funds, according to the investment enterprise can be taken as a pledge of equity, trademarks and patents and other intangible assets, pledge, the existing immovable property (movable) credit (pledge) and the project in the future the formation of movable assets credit (pledge), Parent company or related companies joint and several liability guarantee, third-party enterprise joint and several liability guarantee or asset mortgage guarantee, professional guarantee institutions (city Rongtan, provincial letter guarantee, etc.) guarantee, the project is located in the county (city, district) state-owned enterprises guarantee and counter-guarantee, etc., the above guarantees and counter-guarantees can be combined and can be converted.

(H) investment period

1. The creditor's investment period is in principle not more than 6 years, the enterprise needs to guide the funds to extend the withdrawal, can make an application, by the cooperative bank (social capital) and the guarantee side of the consent of the state-owned enterprises to invest in evaluation, after the expert review will be evaluated and approved. The enterprise may apply for extension of the term of debt investment, which may be extended appropriately after the consent of the cooperating bank (social capital party) and the guarantor, and the assessment of the State-owned Industrial Investment, and the approval of the expert review meeting, and the extension term shall not exceed half of the original term, and the total term after the extension shall not exceed 8 years in principle. The total term, in principle, shall not exceed eight years.

2. The term of equity (fund) investment in principle does not exceed 6 years. Direct equity investment projects, according to the actual needs of the project to propose the project investment period extension, the expert review will be reviewed and approved, may be appropriate to extend the investment period, the extension of the total period in principle does not exceed 8 years.

3. The investment period of the industrial fund is based on the contract or agreement.

Article X Project Investment Exit

(a) Debt investments will be withdrawn according to the contract or agreement upon expiration; Equity investments will be withdrawn according to the conditions for withdrawal of the guiding funds when they reach the conditions for withdrawal of the guiding funds, SASIC puts forward a program for withdrawal of the guiding funds, and in accordance with the statutory procedures. The company will complete the withdrawal of the guiding funds and recover the withdrawn guiding funds in a timely manner.

(ii) Equity (fund) type of investment in accordance with the contract or agreement to withdraw from the recovery; can also take other forms of transfer, the transfer price is determined by the market price.

(c) in the investment contract or agreement agreed to the expiration of the investment period, the investment project enterprise bankruptcy, liquidation and other guiding funds need to withdraw from other situations, the state-owned industrial investment should be put forward to guide the withdrawal of funds program, reported to the municipal industrial multiplication and upgrading action after the approval of the implementation of the leading group.

Chapter IV Financing Cost Subsidies

Article 11 The financing cost of the guided funds (including interest, financing consultant fees and guarantee fees and other comprehensive financing costs) depends on the creditworthiness of the enterprise and the project and the guarantee measures, by the bank (the social capital) and guarantee institutions based on market-oriented principles. The bank (social capital party) and the guarantee institution will determine the cost according to the market-oriented principle.

Article XII of the creditor investment project interest rate subsidy period (three years for new projects, technological transformation projects and mergers and acquisitions projects two years), higher than the same period of the bank loan market quoted interest rate (LPR) above the part of the downward fluctuation of more than 10% subsidies and does not exceed 2% / year. The scope of the subsidized interest rate is all the debt investment funds included in the guidance funds. Enterprises early each year to the state-owned industrial investment declaration, the state-owned industrial investment in the project interest rate subsidy period to implement a one-year review and payment, after the withdrawal of the funds to guide the final interest rate commitment standard by the state-owned industrial investment review and reported to the municipal industrial multiplication and upgrading action of the leading group approved the cash payment.

(a) the new project discount period for three years, in principle, the guidance funds should be issued within one and a half years of the construction period, that is, the maximum period of three years for each guidance funds discount period, each project guidance funds for the discount period up to the latest to the first guide the funds issued four and a half years after the end of the project; technological transformation projects and mergers and acquisitions project discount period of two years, in principle, the guidance funds should be issued within one year of the construction period. Guiding funds should be issued within one year of the construction period, that is, the longest period of each guiding funds for two years, each project guiding funds for three years after the issuance of the first guiding funds at the latest.

(2) State-owned industrial investment (city and county levels) investment principal and income all recovered, state-owned enterprises (city and county levels) credit guarantee all lifted, the discount period has expired that is all the funds to guide the withdrawal.

(c) for fixed asset investment of 1 billion yuan or more, the project was completed after the economic benefits of the heavy and large projects, the guiding funds expired (including rollover) after the withdrawal of state-owned industrial investment in the guiding funds investment projects for the final assessment, reported to the city industrial multiplication and upgrading of the action of the leading group approved the consent of the subsidized period of interest (cost) continue to be subsidized on the basis of the subsidy. Fees) will continue to be subsidized to a certain extent on the basis of the subsidy, but the annual cumulative (two times in total) ceiling does not exceed the market quoted interest rate (LPR) of bank loans of the same maturity period (projects approved and placed before the revision of these measures will be implemented in accordance with the "Measures for the Management of Guiding Funds (Revised Version 2021)"); the interest subsidy for the major projects in line with the strategic deployment of the Municipal Party Committee and the municipal government will be submitted to the Municipal Industrial Multiplication and Upgrading Action Leading Group for review and payment in order to show that the interest subsidy is paid to the project. The leading group to review the payment, in order to reflect the purpose of guiding funds to support the excellent and strong.

Article 13 The debt investment projects enjoying subsidies for financing costs of the guidance funds shall not be repeated to enjoy other municipal financial support policies.

Article XIV In one of the following cases, the State-owned Industrial Investment may order it to rectify the situation, suspend or stop disbursing the interest (fee) subsidy funds and report to the Municipal Bureau of Industry and Information Technology for the record:

1. There is default on the payment of interest, overdue loans and other defaults. Behavior.

2. The project enterprise on the guidance of the funds to approve the investment commitment matters due to subjective reasons maliciously did not fulfill.

3. Self-financing supporting funds are not fully in place, the main construction content and construction standards have undergone major changes, the construction of the project progress has a significant negative impact.

4. Absconding from the project investment capital, transfer or arbitrage project guidance funds.

5. Failure to provide information in accordance with the relevant requirements, do not cooperate with the State-owned industrial investment and cooperative banks to carry out post-investment management of the funds.

6. Provide false information, fraudulent interest (fees) subsidized funds.

7. Project enterprises or affiliates of major business accidents, the existence of major business risks and other situations not reported.

8. The project enterprise violates the relevant state laws and regulations or the provisions of this method.

9. Other violations.

Chapter V Supervision and Assessment of Funds

Article 15 The funds shall be managed under the management of a special account, earmarked for specific purposes, and the management mode of separation of decision-making and investment.

(a) Municipal financial contributions to the State-owned industrial investment in paid-in capital or capital surplus accounting.

(2) State-owned industrial investment income accounting scope includes:

1. State-owned industrial investment (municipal and county-level funding) investment income (including interest income from pledged depository receipts) excluding the municipal and county principal corresponding to the part of the subsidized expenditure.

2. Municipal and county-funded depository banks to form the interest income (except interest income on pledged certificates of deposit).

3. Income recovered from the disposal of state-owned industrial investment after compensation for losses.

4. Operation and management fee income: Debt investment projects are subject to operation and management fee, the standard of 0.4%/year from 2023 onwards, with the city, county (city, district) each bearing half, the county (city, district) should be 1% of the support amount approved by the steering funds before the steering funds are put into use (0.2%/year * 5 years), the specific period of time is subject to the actual approval. The specific number of years to the actual approval shall prevail) deposited to the State Capital Industrial Investment, the municipal bear the management costs from the capital surplus, the county bear the management costs from the county allotment of money.

5. Other capital income that can be credited to SASPIC.

(3) The scope of accounting for the cost of SASWI includes:

1. The three public" expenses and other related operating expenses.

2. Municipal interest (fee) subsidy expenditure, which is lower than the same period of bank loan market quotation rate (LPR) of 10% part of the subsidized interest period, part of the non-subsidized interest period, or the municipal investment income is insufficient to pay the interest (fee) subsidy part of the charge to the capital surplus.

3. The portion of net proceeds after tax (after deducting VAT and its surtax) that should be returned to the county capital contribution corresponding to the investment income excluding the corresponding interest subsidy expenditure.

4. Municipal capital contribution to the corresponding investment income tax expenses.

5. Risk reserve and guarantee indemnity reserve provision: debt investment projects are required to provide risk reserve and guarantee indemnity reserve, are a one-time provision, by the city, county (city, district), each bear half, the county part of the county (city, district) to have the project as a unit of separate management, the implementation of the difference in the amount of extraction. For projects funded by the State-owned Industrial Investment Corporation (city and county levels), a one-time provision for risk reserve is made at 1% of the new investment amount by the State-owned Industrial Investment Corporation, and the portion recognized as concern and risk level is respectively 10% and 50% of the investment balance in the current quarter for the difference; for projects guaranteed by the State-owned Industrial Investment Corporation and the State-owned Industrial Investment Corporation, a one-time provision for guarantee indemnification reserve is made at 1% of the new guarantee amount, and the portion recognized as concern and risk level is respectively 50% of the guaranteed balance in the current quarter for the difference. For projects involving guarantees from SITC and SASIC, a one-time provision for guarantee indemnity was made at 1% of the newly guaranteed amount, while the difference between the amount recognized as concern and risk level was 10% and 50% of the current quarter's guarantee balance, respectively. The risk reserve and the guarantee compensation reserve will be refunded in a lump sum after all the projects in the county (city and district) are safely withdrawn.

6. Other costs and expenditures that can be included in the state-owned industrial investment.

(d) When the guiding funds investment impairment and can not be fully recovered, in accordance with the provisions of the municipal industrial multiplication and upgrading action leading group to apply for approval of the loss, after the approval of the loss of the amount of the provisions of the write-off of the amount of risk reserves, reserve is insufficient to recognize the loss of the relevant bad debt.

(E) Accounting for the guidance funds

1. The county (city, district) where the guidance funds are invested in the debt investment project in each project before the guidance funds are put in accordance with the approval of the guidance funds will be the matching capital, interest subsidies, operation and management fees, and the amount of the matching funds payable, the interest subsidy, the operation and management fees, and the interest subsidy. The county (city) where the debt investment project of the guidance fund is located will, according to the approval of the guidance fund, put the matching capital, interest subsidy, operation and management fee, and reserve fund in place. The counties (cities and districts) where the equity investment projects are located will match the matching capital, channel fees, fund management fees, etc., according to the approval of the guidance funds before the guidance funds are invested in each project.

2. State-owned industrial investment in the operation and management fees, reserves and interest subsidies for the project discount period and the final approved standards for enterprises after the completion of the commissioning of the interest subsidies, etc., the city, the county (city, district) two levels each bear 50%.

3. To project or county (city, district) for the unit of liquidation. Guiding capital debt project investment exit, the state capital investment in the "county capital allocation plus the principal portion of the capital allocation formed by the investment or pledge deposit income (guiding capital investment city, county contribution of less than 20%, then calculated in accordance with the time deposit interest rate), less interest (fees) subsidies, operating and management fees, risk reserves, guarantee indemnification reserves, the county (city, district) level contribution Taxes and fees borne by the investment income with the county (city, district) for liquidation, more refund less compensation", to return to the main body of the contribution to the project as a unit; risk reserve and guarantee compensation reserve to the county (city, district) as a unit of liquidation in the county (city, district) after all the project safety exit, return to the main body of the contribution. Leads the capital equity project in accordance with the investment agreement.

4. By the state-owned industrial investment in municipal finance and around the injection of funds to guide the project as a unit of unified collection, sub-account management, separate accounting.

(F) Guiding funds assessment

The Municipal Bureau of Industry and Information Technology should annually guide the implementation of the operation of the funds for the performance management assessment and approval of the performance incentives. The Municipal Audit Bureau and other relevant departments shall strengthen the supervision and inspection of the utilization of the guiding funds. If the performance management appraisal of the guiding funds is good, the State-owned Industrial Investment shall annually accrue 0.02% of the invested funds (including the amount of rolling investment) at the end of the year for employee performance incentives, up to a maximum of 1 million yuan; the incentive funds shall be accrued from the guiding funds allocated by the Municipal Finance Bureau. State-owned industrial investment should be performance appraisal incentives and management fees, investment money separate management, management fees are insufficient, should be reported to the Municipal Bureau of Industry and Information Technology to solve the problem, shall not sit on the investment funds and investment income.

Chapter VI Other Matters

Article 16: State-owned industrial investment on behalf of the municipal government to hold the target enterprise's equity and debt, exercise the rights of shareholders and creditors and assume the relevant obligations, attend the shareholders', creditors' or the board of directors' meetings, and safeguard the legitimate rights and interests of the target enterprise. The legitimate rights and interests corresponding to the channeling funds.

1. SASIC should strengthen the post-investment management and risk control of the projects supported by the steering funds, and carry out regular tracking, timely monitoring, analysis and evaluation of the overall operation of the steering funds to form an evaluation report, and report on the operation of the steering funds and the use of the funds to the Bureau of Industry and Information Technology of the Municipal Government every year.

2. State-owned industrial investment in the establishment of a major matters report system, the guidance funds to support the project as well as the guidance of major matters occurring in the process of fund management, in writing, timely report to the Municipal Bureau of Industry and Information Technology, for failure to comply with the provisions of the report on major matters or intentional omission, concealment of major matters, resulting in losses of the guidance funds will be held accountable. The relevant personnel will be held accountable.

3. Matters decided by the Leading Group of Municipal Industrial Doubling and Upgrading Action will be implemented according to the decision.

Article XVII Explore the establishment of equity project employees to follow the investment mechanism.

Article 18 The establishment and operation of the bootstrap funds shall follow the relevant laws and regulations and rules and systems, decision-making and implementation in accordance with the prescribed procedures, and fulfillment of due diligence in place.

As a result of major policy adjustments, force majeure, business risks and other unforeseeable objective factors that lead to the failure to achieve the expected goals, risks or investment losses, in accordance with the "Ganzhou City, to promote the implementation of the officer entrepreneurial approach to tolerate mistakes and reduce the responsibility and exemption from the spirit of the" document (for trial implementation) to be tolerated and reduced responsibility and exemption from liability. The project enterprise may apply to GIC on the basis of statutory compensation, which will be reviewed and agreed by the Leading Group of Municipal Industrial Multiplication and Upgrading Action and liquidated in accordance with the law. Ganzhou State Investment Group for the provision of credit enhancement prying bank (social) funds generated losses, not to pursue Ganzhou State Investment Group responsibility, will not be included in the loss of Ganzhou State Investment Group performance appraisal.

Article 19 Any violation of laws and regulations such as cheating and fraudulent use of the funds, or use of the funds not in accordance with the specified purposes, retention and misappropriation, squandering and wasting of the funds, etc., will be dealt with in accordance with the relevant laws and regulations of the state.

Article 20 These measures shall come into force on the date of issuance.