Chapter 1 General Principles
Article 1
To regulate the temporary suspension and exemption of information disclosure by Hubei Energy Group Co., Ltd. (hereinafter referred to as "Hubei Energy" or "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, these measures are formulated based on the "Law of the People's Republic of China on Guarding State Secrets," "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Regulations on the Management of Information Disclosure by Listed Companies," "Regulations on Temporary Suspension and Exemption of Information Disclosure by Listed Companies," and other relevant laws, administrative regulations, rules, Shenzhen Stock Exchange regulations, and the "Articles of Association of Hubei Energy Group Co., Ltd." (hereinafter referred to as "the Articles of Association") and the Company's "Information Disclosure Management System," in conjunction with the actual situation of the Company's information disclosure work.
Article 2
The Company and other information disclosure obligors may temporarily suspend or exempt the disclosure of interim reports and exempt the disclosure of content required by the China Securities Regulatory Commission and Shenzhen Stock Exchange in regular and interim reports, in accordance with these measures.
Article 3
The Company and other information disclosure obligors shall disclose information truthfully, accurately, completely, timely, and fairly, and shall not abuse the temporary suspension or exemption of disclosure to evade disclosure obligations or mislead investors. They shall not engage in insider trading, market manipulation, or other illegal activities. The Company and other information disclosure obligors shall prudently determine matters related to the temporary suspension and exemption of information disclosure and implement them after fulfilling internal review procedures.
Chapter 2 Scope of Temporary Suspension and Exemption of Information Disclosure
Article 4
The Company and other information disclosure obligors may be exempted from disclosure if there is 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 the obligation to keep state secrets confidential and shall not disclose state secrets through any form of information disclosure, investor interaction Q&A, press releases, interviews, etc., nor shall they use the confidentiality of information as a pretext for business promotion. The Chairman of the Company and the Secretary of the Board shall enhance their legal awareness of state secrets and ensure that the disclosed information does not violate state confidentiality regulations.
Article 6
If the information to be disclosed by the Company and other information disclosure obligors involves trade secrets or confidential business information (hereinafter collectively referred to as "trade secrets") and meets one of the following conditions, and has not been publicly disclosed or leaked, it may be temporarily suspended or exempted from disclosure:
- It belongs to core technology information, and disclosure may lead to unfair competition;
- It pertains to the Company's own operational information, or the operational information of customers, suppliers, etc., and disclosure may infringe on the trade secrets of the Company or others or severely harm the interests of the Company or others;
- Other circumstances where disclosure may severely harm the interests of the Company or others.