Chapter 1 General Provisions
Article 1 To standardize the insider information management of Zhejiang Jiuli Hi-Tech Co., Ltd. (hereinafter referred to as the "Company"), strengthen the confidentiality of insider information, and maintain the principles of openness, fairness, and justice in information disclosure, 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," the "Shenzhen Stock Exchange Stock Listing Rules," the "Administrative Measures for Information Disclosure by Listed Companies," and other relevant laws and regulations, as well as the "Articles of Association" of the Company.
Article 2 The Company's Board of Directors shall, in accordance with the relevant rules of the Shenzhen Stock Exchange, timely register and report the insider information insider files, and ensure that the insider information insider files are true, accurate, and complete. The Chairman is the primary responsible person for the Company's insider information management, and the Secretary of the Board of Directors is responsible for the registration, filing, and reporting of the Company's insider information insiders. The Chairman and the Secretary of the Board of Directors shall sign written confirmation opinions on the truthfulness, accuracy, and completeness of the insider information insider files.
The General Office of the Board of Directors of the Company is the department responsible for the daily management of the Company's insider information, assisting the Secretary of the Board of Directors in completing the Company's insider information management and insider registration and filing work.
Article 3 The Company's directors, senior management personnel, and personnel from all departments, business units, branches, holding subsidiaries, and invested companies that can have a significant impact on the Company shall cooperate in the confidentiality of insider information and the registration and filing of insider information insiders. The Company shall strengthen insider information management and strictly control the scope of insider information insiders.
Chapter 2 Scope of Insider Information and Insiders
Article 4 Insider information as referred to in this System means non-public information that relates to the Company's operations, finances, or has a significant impact on the trading price of the Company's stock. Non-public means that the information has not been officially disclosed by the Company through media that meet the conditions stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange website.
Article 5 The scope of insider information includes, but is not limited to:
(1) Major changes in the Company's operating policies and scope of business;
(2) Major investment activities of the Company, where the Company purchases or sells major assets exceeding 30% of the Company's total assets within one year, or the mortgage, pledge, sale, or scrapping of the Company's main operating assets exceeds 30% of such assets at one time;
(3) The Company enters into important contracts, provides significant guarantees, or engages in related-party transactions that may have a significant impact on the Company's assets, liabilities, equity, and operating results;
(4) Major debt defaults or failure to repay due debts by the Company;
(5) Major losses or significant damages incurred by the Company;
(6) Major changes in the external conditions of the Company's production and operation;
(7) Changes in the Company's directors or general manager; inability of the Chairman or general manager to perform their duties;
(8) Significant changes in the shareholding or control of shareholders holding more than 5% of the Company's shares or the actual controller, or significant changes in the business of enterprises controlled by the actual controller that are the same as or similar to the Company's business;
(9) The Company's plan for dividend distribution or capital increase, significant changes in equity structure, decisions on capital reduction, merger, division, dissolution, or application for bankruptcy; or entering bankruptcy proceedings or being ordered to close down in accordance with the law;