Article 1
To strengthen the management of shares held by directors and senior management of Beijing Weitongli Electric Co., Ltd. (hereinafter referred to as "the Company") and their changes, and to maintain the order of the securities market, 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 Management Rules for Shares Held by Directors and Senior Management of Listed Companies and Their Changes (hereinafter referred to as "the Management Rules"), the Interim Measures for the Management of Share Reduction by Shareholders of Listed Companies, the Self-Regulatory Guidelines No. 10 for Listed Companies of the Shenzhen Stock Exchange - Share Change Management (hereinafter referred to as "the Share Change Management Guidelines"), the Self-Regulatory Guidelines No. 18 for Listed Companies of the Shenzhen Stock Exchange - Share Reduction by Shareholders and Directors and Senior Management (hereinafter referred to as "Guideline No. 18"), and other relevant laws, regulations, normative documents, and the Articles of Association of Beijing Weitongli Electric Co., Ltd. (hereinafter referred to as "the Articles of Association"), combined with the actual situation of the Company.
Article 2
Before buying or selling the Company's stocks and their derivatives, the Company's directors and senior management shall be aware of the prohibitive behaviors regarding insider trading and market manipulation as stipulated in the Company Law, Securities Law, and other relevant laws, regulations, and normative documents, and shall not engage in illegal transactions.
Article 3
The shares held by the Company's directors and senior management refer to all shares of the Company registered in their names and held in the accounts of others. If the directors and senior management engage in margin trading, the shares held by them also include those recorded in their credit accounts.
Article 4
The Company shall strengthen internal controls and urge directors and senior management to strictly comply with the relevant regulations on share changes. If they make commitments regarding the proportion of shares held, holding period, method of change, and price of change, they shall strictly fulfill their commitments. Before buying or selling the Company's stocks and their derivatives, directors and senior management shall notify the board secretary in writing of their trading plans. The board secretary shall verify the progress of the Company's information disclosure and major matters. If there are any improper circumstances regarding the trading behavior, the board secretary shall promptly notify the directors and senior management in writing and remind them of the relevant risks.
Article 5
The Company's directors and senior management shall not buy or sell the Company's stocks during the following periods:
- Within 15 days prior to the announcement of the Company's annual report or semi-annual report, and if the announcement date is postponed for special reasons, from 15 days before the original announcement date until the final announcement date;
- Within 5 days prior to the announcement of the Company's quarterly report, performance forecast, or performance express;
- From the occurrence of a major event that may have a significant impact on the trading price of the Company's stocks and derivatives or the entry into the decision-making process until the date of legal disclosure;
- Other periods as stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.