Chapter One: General Principles
Article 1
To further standardize the management of insider information at Shaanxi Meinuo Clean Energy Group Co., Ltd. (hereinafter referred to as "the Company"), strengthen confidentiality work, and maintain the principles of openness, fairness, and justice in information disclosure, this system is formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Administrative Measures for Information Disclosure of Listed Companies, the Stock Listing Rules of the Shenzhen Stock Exchange, and other relevant laws, regulations, and provisions of the Articles of Association.
Article 2
The term "insider information" and "insider" as used in this system are defined according to the Securities Law and other relevant laws, regulations, and normative documents, as well as the Company's Information Disclosure Management System. Insider information refers to information known to insiders that has not been publicly disclosed and relates to the Company's operations, finances, or has a significant impact on the market price of the Company's securities. "Not publicly disclosed" means that the Company has not released the information on the stock exchange website or in media that meet the conditions set by the State Council's securities regulatory authority. Insider information includes but is not limited to:
- Significant changes in the Company's business scope and operational policies;
- Major investment actions, such as purchasing or selling significant assets exceeding 30% of the Company's total assets within one year, or mortgaging, pledging, selling, or scrapping major operational assets exceeding 30% of those assets;
- Entering into important contracts, providing significant guarantees, or engaging in related party transactions that may significantly affect the Company's assets, liabilities, equity, and operating results;
- Significant debts and defaults on major debts;
- Major losses or significant damages;
- Significant changes in external conditions affecting the Company's operations;
- Changes in the Company's directors or president, or inability of the chairman or president to perform their duties;
- Significant changes in the shareholding or control of shareholders holding more than 5% of the Company's shares, or significant changes in the actual controller and other enterprises controlled by them engaging in similar businesses;
- Plans for dividend distribution, capital increase, significant changes in the Company's equity structure, decisions on capital reduction, mergers, divisions, dissolution, or bankruptcy applications;
- Major litigation or arbitration involving the Company, or resolutions of the shareholders' meeting or board of directors being revoked or declared invalid;
- Criminal investigations involving the Company or its major shareholders, actual controllers, directors, or senior management;
- Significant changes in the Company's equity structure or operational status;
- Changes in the credit rating of the Company's bonds;
- Significant asset mortgages, pledges, sales, transfers, or scrapping;
- Defaults on due debts;
- New borrowings or guarantees exceeding 20% of the net assets at the end of the previous year;
- Waiving of debts or properties exceeding 10% of the net assets at the end of the previous year;
- Significant losses exceeding 10% of the net assets at the end of the previous year;
- Other important information recognized by the State Council's securities regulatory authority as having a significant impact on the trading price of securities.