Chapter 1 General Principles
Article 1
To improve the company's operational standards, enhance the quality and transparency of annual report information disclosure, and strengthen the authenticity, accuracy, completeness, and timeliness of disclosures, this system is established in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Management Measures for Information Disclosure of Listed Companies, the Corporate Governance Guidelines, the Stock Listing Rules of the Shenzhen Stock Exchange, and other relevant laws and regulations, as well as the Articles of Association of Beijing Vito Electric Co., Ltd.
Article 2
This system applies to the company's directors, senior management, heads of subsidiaries, department heads, controlling shareholders, actual controllers, and other personnel related to annual report information disclosure.
Article 3
The accountability for significant errors in annual report information disclosure refers to the investigation and handling of the personnel listed in Article 2 who fail to perform or improperly perform their duties, obligations, or other personal reasons during the annual report disclosure process, resulting in significant economic losses or adverse social impacts for the company.
Article 4
Significant errors in annual report information disclosure include major accounting errors in the annual financial report, significant errors or omissions in other annual report disclosures, and significant discrepancies in performance forecasts or performance summaries.
Article 5
In the event of significant errors in annual report information disclosure, the company shall hold the responsible parties accountable. The following principles should be followed during accountability:
- Objective, fair, and fact-based principles;
- Accountability for responsibility and investigation for errors;
- Correspondence between power and responsibility, and between fault and accountability;
- Combining accountability with work improvement.