Chapter 1 General Principles
Article 1
To further standardize the management of information disclosure at Huaming Power Equipment Co., Ltd. (hereinafter referred to as "the Company"), protect the legitimate rights and interests of shareholders, creditors, and other stakeholders, improve the quality of information disclosure, and promote the standardization of information disclosure, this system is formulated based on the "Company Law of the People's Republic of China" (hereinafter referred to as "the Company Law"), "Securities Law of the People's Republic of China" (hereinafter referred to as "the Securities Law"), "Measures for the Administration of Information Disclosure by Listed Companies," "Shenzhen Stock Exchange Listing Rules" (hereinafter referred to as "the Listing Rules"), "Self-Regulatory Guidelines for Listed Companies No. 1 - Standardized Operations of Main Board Listed Companies" (hereinafter referred to as "the Standardized Operations Guidelines"), and other relevant laws, regulations, normative documents, and the Company's articles of association, combined with the actual situation of the Company.
Article 2
This system applies to the disclosure and confidentiality of information that may have a significant impact on the trading price of the Company's stocks and their derivatives.
Chapter 2 Basic Principles and General Provisions of Information Disclosure
Article 3
Information disclosure obligors shall timely and legally fulfill their information disclosure obligations. The disclosed information must be true, accurate, complete, concise, clear, and easily understandable, without false records, misleading statements, or significant omissions. Information disclosed by obligors must be disclosed to all investors simultaneously and shall not be leaked to any unit or individual in advance, except as otherwise provided by laws and administrative regulations. No unit or individual may illegally request obligors to provide information that is required to be disclosed but has not yet been disclosed. Any unit or individual who becomes aware of such information in advance must keep it confidential before it is legally disclosed. Institutions and individuals who are aware of such information before the Company publicly discloses significant information shall not buy or sell the Company's stocks and their derivatives or advise others to do so. Before the legal disclosure of insider information, insiders and those who illegally obtain insider information shall not publicly disclose or leak such information, nor shall they use such information for insider trading. No unit or individual may illegally request obligors to provide information that is required to be disclosed but has not yet been disclosed. If securities and their derivatives are publicly issued and traded both domestically and abroad, the information disclosure obligors shall disclose the information in the domestic market simultaneously with the information disclosed in the overseas market. If obligors postpone or exempt disclosure of information, they shall comply with the provisions of laws, administrative regulations, and the China Securities Regulatory Commission.
Article 4
The Company's directors and senior management shall faithfully and diligently perform their duties, ensuring that disclosed information is true, accurate, and complete, and that information disclosure is timely and fair. Except for information that must be disclosed by law, obligors may voluntarily disclose information related to investors' value judgments and investment decisions, but such information must not conflict with legally required disclosures and must not mislead investors. Voluntary disclosures must be true, accurate, and complete. Voluntary information disclosure shall adhere to the principle of fairness, maintain continuity and consistency in information disclosure, and shall not involve selective disclosure. Obligers shall not improperly influence the trading price of the Company's securities and their derivatives using voluntarily disclosed information, nor shall they engage in market manipulation or other illegal activities through voluntary information disclosure.