Chapter 1 General Principles
Article 1
To standardize the internal reporting of major events at Hubei Ping An Electric Technology Co., Ltd. (hereinafter referred to as "the Company"), ensure rapid transmission, aggregation, and effective management of significant information, and disclose information in a timely, accurate, truthful, and complete manner to protect the legitimate rights and interests of investors, this system is formulated in accordance with 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," "Shenzhen Stock Exchange Listing Rules" (hereinafter referred to as "Listing Rules"), and the "Articles of Association of Hubei Ping An Electric Technology Co., Ltd." (hereinafter referred to as "Articles of Association"), as well as the "Information Disclosure Management Measures of Hubei Ping An Electric Technology Co., Ltd." (hereinafter referred to as "Information Disclosure Management Measures"), and other relevant regulations, combined with the actual situation of the Company.
Article 2
The term "major events" referred to in this system means any circumstances or events that have not been publicly disclosed and may significantly affect the trading price, trading volume of the Company's stock and its derivatives, or the investment decisions of investors.
Article 3
The term "reporting obligors" in this system includes:
- Company directors and senior management;
- Heads of various departments of the Company;
- Directors and senior management dispatched to subsidiaries;
- Heads of holding and affiliated companies;
- Shareholders holding more than 5% of the Company's shares, actual controllers;
- Units and individuals obligated to report according to laws, regulations, and other normative documents when major events occur or are about to occur.
Article 4
This system applies to all internal institutions or functional departments of the Company, wholly-owned and holding subsidiaries, branches, and affiliated companies that have a significant impact on the Company.
Chapter 2 General Provisions
Article 5
The disclosure of major events of the Company is uniformly led and managed by the Board of Directors.
Article 6
The Secretary of the Board of Directors is responsible for the specific execution of the management and disclosure of major event information.
Article 7
Reporting obligors are the primary responsible persons for the internal reporting of major events and are obligated to urge their departments or units to collect and organize information and report major event information known within their authority to the Board of Directors' office. Reporting obligors are responsible for the authenticity, accuracy, and completeness of the reported information and materials and designate specific personnel as contacts for internal reporting of major event information, providing and reporting the required major event information to the Board of Directors' office in a timely manner. In the event of circumstances specified in Chapter 3 of this system, reporting obligors must report relevant information to the Board of Directors' office within 24 hours and cooperate with the Board of Directors' office to complete all information disclosure matters.
Article 8
Reporting obligors and other insiders have a strict confidentiality obligation before the major event information is publicly disclosed and must keep the number of individuals aware of such information to a minimum, and must not disclose or leak insider information, buy or sell, or suggest others to buy or sell the Company's stock and its derivatives.