Notice of the Bureau of Science and Technology of Nansha District of Guangzhou Municipality on Issuing the Management Measures of Nansha district for Technology SME Credit Risk Compensation Capital Pool

Article 19 The district science and technology department shall conduct an annual performance assessment on the entrusted management organization for the latter's management of daily operation and promotion results of the Capital Pool, and the management organization shall, entrusted by the district science and technology department, conduct annual performance assessments on cooperative banks. The annual performance assessment work plans for the entrusted management organization of the Capital Pool and the cooperative banks shall be formulated separately.

Article 20 Dishonest enterprises identified according to law shall be dealt with according to relevant regulations. If a crime is committed, they shall be transferred to relevant departments for criminal punishment according to law.

Article 21 If the district science and technology department, entrusted management organization, cooperative bank or their staff defraud, embezzle or misappropriate special funds, relevant organizations and personnel shall be punished in accordance with the Regulations on Punishment and Penalty of Financial Violations. If the circumstances are serious, they shall be investigated for legal responsibility according to law.

Chapter VII Supplementary Provisions

Article 22 In order to improve the use efficiency of financial funds, the funds originally deposited in the special account of the Capital Pool of cooperative banks shall be returned to the district fiscal department within five months after implementation of these measures.

Article 23 These measures shall come into force from the date of promulgation, and shall be valid for five years. Management of technology SMEs and cooperative banks that have entered the Capital Pool and ongoing related business shall be implemented in accordance with these measures.

Form of Disclosure: Active Disclosure