Sample of real translation (Confidentiality retained with XX)
I. Principles for Group Customer Identification
(I) Identifying every group customer that should be identified. For the customers that meet the standards for group customers, each operating unit shall timely collect information, analyse relationships, and initiate process identification. Evasion of group customer identification in various forms shall be strictly prohibited.
(II) Process-based management. The whole process from initiation to review and approval concerning the identification of related relationship of group customers, information modification and cancellation of related relationship shall be incorporated into the process operation management of the new risk control system, and the operation results in the new risk control system shall prevail.
II. Classification of Group Customers
(I) Based on the characteristics of group customers and the degree of control of group headquarters over other member enterprises, the group customers are divided into closely-related group customers and non-closely-related group customers. Specifically:
1. Closely-related group customers refer to the group customers that have group headquarters in the form of legal person, which enjoys the control right over the personnel, finance and operation of other member enterprises, and prepare consolidated financial statements of the group;
2. Non-closely-related group customers refer to the group customers that do not have group headquarters in the form of legal person, establish the control right over the personnel, finance and operation decision-making of member enterprises through the ultimate controller, do not prepare consolidated financial statements of the group, and constitute customer groups with substantial related relationship.