Guiyang Xianfeng Machine Tool Co., Ltd. (hereinafter referred to as The top priority for “Guiyang Xianfeng” at present is preparing for the pre-IPO phase. All staff members of Guiyang Xianfeng are working together with one heart and pooling their collective wisdom to tackle, in particular, the financial challenges currently facing us.

An IPO refers to the act of a company making its equity publicly tradable on the securities market. This practice not only has a profound impact on the company’s business model and development strategy but also exerts significant influence on its financial management. When a company goes public, in accordance with the corporate governance requirements stipulated by the Securities Law, the company establishes and improves a sound corporate financial governance structure and related systems. After the degree Timely disclosure of financial statements and related information can meet investors’ demand for information. Moreover, companies can raise capital through the securities market, thereby diversifying their funding sources. Ultimately, as listed companies face increasingly fierce market competition, they will place greater emphasis on financial cost management and performance evaluation, thus enhancing their overall performance and profitability.

Guiyang Xianfeng is strengthening its own enterprise. Financial management, Ensure the rational use and scientific allocation of enterprise funds, provide accounting information that is true and complete, promptly and effectively reflect the enterprise’s financial position and operating performance, and safeguard the safe and efficient operation of Guiyang Xianfeng Assets. In accordance with relevant regulations such as the “Accounting Law of the People’s Republic of China,” the “Enterprise Accounting Standards,” the “General Rules for Enterprise Finance,” the “Administrative Measures for Accounting Personnel,” and the “Standards for Basic Accounting Work,” and taking into account the specific circumstances of the enterprise, we have revised... Financial Management System of Guiyang Xianfeng Machine Tool Co., Ltd. 。 Guiyang Xianfeng's financial management system comprises a total of: 134 This regulation is divided into four chapters and covers the entire scope of financial management at Guiyang Xianfeng. It places particular emphasis on clearly defining the responsibilities of the finance department and its personnel, as well as providing detailed descriptions of various financial operations and work procedures, along with the content of financial reports and financial analyses.

Newly revised Financial Management System It clearly defines the types of financial personnel, their scope of work, and professional requirements. At the same time, it provides a detailed explanation of the financial management responsibilities that investors, the board of directors, and management are expected to fulfill. It also explicitly designates the Finance Department of Guiyang Xianfeng Asset as the functional department responsible for asset financial management. List each one individually. Position Responsibilities: Coordinate and implement the company’s financial operations and financial management, thereby achieving closed-loop management requirements for all financial matters at Guiyang Xianfeng. New financial management requirements continuously motivate finance professionals to enhance their professional competence to meet job demands.

Newly revised Financial Management System A comprehensive set of financial operating guidelines, as well as management methods and systems for various assets, have been established from multiple perspectives and angles. The work processes of financial personnel and the operations related to fund management are being managed with meticulous precision, thereby ensuring the stability and integrity of Guiyang Xianfeng. Accounting vouchers, ledgers, and financial statements shall be authentic, accurate, complete, and compliant with the provisions of the accounting system. In handling matters related to the allocation, receipt, payment, and custody of monetary funds, as well as in processing related bill transactions, we shall also adhere to the Guiyang Xianfeng Financial Management System. We will explain the management risks and systems associated with Guiyang Xianfeng’s current assets, long-term investments, fixed assets, intangible assets, and other assets. Additionally, we will instruct all departments to establish physical inventories and physical registration cards for property and materials, categorized by type, ensuring that records, cards, and actual assets are consistent. Furthermore, regular inventory checks and reconciliation between books and physical assets must be conducted promptly. Identify the problem, solve the problem.

Newly revised Financial Management System ， Regarding financial reporting and financial analysis requirements, it is essential that financial reports accurately reflect... The financial condition and operating results of an enterprise within an accounting year, as well as factors influencing its future business development, must be presented with data that are authentic, objective, concise, and succinct, while also reflecting a holistic perspective. Financial analysis specifically requires the use of factor analysis and comparative analysis methods to accurately evaluate the past management performance of Guiyang Xianfeng, providing managers with a wealth of effective insights and guidance on management practices and directions for sustaining ongoing operations.

Financial management is one of the fundamental systems underlying enterprise management and plays a crucial role in ensuring the stable operation and development of a company. By establishing a sound financial management system, enterprises can safeguard the security and rational use of their funds, thereby enhancing their competitiveness and capacity for sustainable development. However, financial management... System Its formulation is not a one-time, permanent process; rather, it requires continuous improvement and adaptation to changes in the market environment to ensure that financial management remains effective and aligned with actual needs. Currently, Guiyang Xianfeng is in a critical phase of shareholding reform ahead of its IPO. All cadres and employees of Guiyang Xianfeng remain steadfast... Persist in innovation by integrating financial Standardized management, To enhance the company's internal controls. Management level, Add The economic benefits of enterprises This further accelerates Qianxin Feng’s preparations for its upcoming IPO.