Chapter 1 General Principles
Article 1
To standardize the internal reporting of major information at Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company"), ensure the rapid transmission, collection, and effective management of significant internal information, and guarantee the authenticity, accuracy, completeness, and timeliness of the Company's information disclosure, thereby fully protecting the legitimate rights and interests of investors, this system is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Shenzhen Stock Exchange Listing Rules, and other relevant laws, regulations, and normative documents, as well as the Articles of Association of Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Articles of Association") and the Company's information disclosure management system, combined with the actual situation of the Company.
Article 2
"Major information" as referred to in this system means information known to internal personnel that has not been publicly disclosed and may significantly affect the Company's operations, finances, or the trading prices of the Company's stocks and derivatives. "Not publicly disclosed" means that the information disclosure department has not officially disclosed the matter in the publications or websites designated by the China Securities Regulatory Commission for listed companies.
The internal reporting system for major information of the Company refers to the obligation of designated internal reporting personnel to report relevant information to the Company's chairman, board secretary, and securities department as soon as possible when situations or events arise or are about to arise that may significantly affect the trading prices of the Company's stocks and derivatives as stipulated in this system.
Article 3
The "responsible personnel for internal reporting of major information" as referred to in this system includes:
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Company directors, senior management, and heads of various subordinate departments;
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Directors, senior management, and heads of subsidiaries of the Company;
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Directors, supervisors, and senior management of companies in which the Company holds shares;
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Controlling shareholders, actual controllers, shareholders holding more than 5% of the Company's shares, and their concerted actors;
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Personnel who can access major information due to their positions, participation in planning, demonstration, and decision-making of significant matters;
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Other personnel who can access information related to significant matters due to their positions;
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When it is impossible to determine the reporting obligation personnel for significant matters, the first person to know or should know about the significant matter shall be the reporting obligor.
Chapter 2 Content of Major Information
Article 4
Major information of the Company includes but is not limited to the following matters and their ongoing developments that occur, arise, or are about to occur in the Company and its subsidiaries:
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Matters to be submitted for the Company's board of directors' review.
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Significant transactions that have occurred or are to occur, including: purchase or sale of assets; external investments (including entrusted financial management, entrusted loans, investments in subsidiaries, etc.); provision of financial assistance; provision of guarantees; leasing in or out of assets; entrusted or entrusted management of assets and businesses; signing of management contracts (including entrusted operation, entrusted management, etc.); donation or receipt of assets; debt or equity restructuring; transfer or acceptance of research and development projects; signing of licensing agreements; transfer of research and development projects; and other significant transactions recognized by the Shenzhen Stock Exchange.
The above-mentioned purchases and sales of assets do not include the purchase of raw materials, fuels, and power, as well as the sale of products, commodities, and other assets related to daily operations. However, transactions involving the purchase or sale of such assets in asset swaps are still included.