Chapter 1 General Principles
Article 1
To regulate the temporary suspension and exemption of information disclosure by Wanxiang Qianchao Co., Ltd. (hereinafter referred to as "the Company"), ensure that the Company and other information disclosure obligors fulfill their disclosure obligations in compliance with the law, and protect the legitimate rights and interests of investors, this system is formulated based on the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for Information Disclosure of Listed Companies," "Regulations on Temporary Suspension and Exemption of Information Disclosure of Listed Companies," and the "Shenzhen Stock Exchange Listing Rules" (hereinafter referred to as "the Listing Rules"), as well as relevant laws, regulations, rules, and the Company's Articles of Association and Information Disclosure Management Measures.
Article 2
The Company and other information disclosure obligors shall apply this system when handling matters related to the temporary suspension and exemption of information disclosure in accordance with the Listing Rules and other relevant business rules and regulations of the stock exchange.
Article 3
The Company and other information disclosure obligors shall prudently determine whether the information to be disclosed falls under the circumstances of temporary suspension or exemption as stipulated in the Listing Rules and other relevant business rules of the stock exchange, and shall accept the post-event supervision of the stock exchange regarding the temporary suspension and exemption of information disclosure. The Company and other information disclosure obligors shall not abuse the temporary suspension or exemption of disclosure to evade disclosure obligations or mislead investors, nor engage in illegal activities such as insider trading or market manipulation.
Chapter 2 Scope of Temporary Suspension and Exemption of Information Disclosure
Article 4
The Company and other information disclosure obligors may be exempt from disclosure if they have sufficient evidence proving that the information to be disclosed involves state secrets or other matters that may violate state confidentiality regulations or management requirements (hereinafter collectively referred to as "state secrets").
Article 5
The Company and other information disclosure obligors have an obligation to maintain state secrets and shall not disclose state secrets through any form of information disclosure, investor interaction Q&A, press releases, interviews, etc., nor use the confidentiality of information as a means of business promotion. The Chairman of the Company and the Secretary of the Board shall enhance their legal awareness of maintaining state secrets and ensure that disclosed information does not violate state confidentiality regulations.
Article 6
The Company and other information disclosure obligors may temporarily suspend or exempt disclosure of information involving commercial secrets or confidential business information (hereinafter collectively referred to as "commercial secrets") if it meets one of the following conditions and has not been publicly disclosed or leaked: (1) it pertains to core technology information, the disclosure of which may lead to unfair competition; (2) it pertains to the Company's own operational information or the operational information of customers, suppliers, etc., the disclosure of which may infringe upon the commercial secrets of the Company or others or severely damage the interests of the Company or others; (3) other circumstances where disclosure may severely damage the interests of the Company or others.