Chapter One: General Principles
Article 1
To strengthen the management of shares held by directors and senior executives of Huaming Power Equipment Co., Ltd. (hereinafter referred to as "the Company"), and to clarify management procedures, this system is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and relevant regulations.
Article 2
The directors and senior executives of the Company shall comply with this system. Shares held by them refer to all shares registered in their names and those held through others' accounts; for those engaged in margin trading, it also includes shares recorded in their margin accounts.
Article 3
Before trading the Company's shares and their derivatives, directors and senior executives must be aware of the prohibitions against insider trading, market manipulation, and short-term trading as stipulated by the Company Law, Securities Law, and other relevant laws. They must not engage in illegal trading activities.
Chapter Two: Information Reporting Regulations
Article 4
The board secretary is responsible for managing the identity and shareholding data of the Company's directors and senior executives, and for submitting personal information online. Quarterly checks will be conducted on the disclosure of share trading by directors and senior executives.
Article 5
Directors and senior executives must authorize the Company to report their personal and immediate family members' identity information to the Shenzhen Stock Exchange and the China Securities Depository and Clearing Corporation Limited within specified timeframes.