Stock Code: 002397 Stock Abbreviation: Mengjie股份 Announcement No.: 2026-023
Hunan Mengjie Home Textile Co., Ltd. Announcement on Purchasing Directors and Senior Management Liability Insurance
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Hunan Mengjie Home Textile Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the eighth Board of Directors on April 23, 2026, and deliberated on the "Proposal on Purchasing Directors and Senior Management Liability Insurance." All directors abstained from voting, and this proposal was directly submitted to the Company's 2025 Annual Shareholders' Meeting for deliberation. The relevant matters are hereby explained as follows:
I. Overview of Basic Situation
To further improve the Company's risk management system, reduce the Company's operational risks, enable directors, senior management personnel, and relevant responsible personnel to exercise their powers and fulfill their duties more fully within their respective responsibilities, and protect the interests of the Company and investors, in accordance with the "Code of Corporate Governance for Listed Companies" and other relevant regulations, the Company intends to purchase liability insurance for directors, senior management personnel, and relevant responsible personnel.
II. Specific Plan for Liability Insurance
- Insured Party: Hunan Mengjie Home Textile Co., Ltd.
- Insured Persons: Directors, senior management personnel of the Company; directors, supervisors, senior management personnel, and relevant responsible personnel of subsidiaries (specifics to be determined by the insurance contract).
- Compensation Limit: Not exceeding RMB 50 million per year (specifics to be determined by the insurance contract).
- Total Insurance Premium: Not exceeding RMB 200,000 per year (specifics to be determined by the insurance contract).
- Insurance Period: 12 months (renewable or re-insurable annually thereafter).
- Authorization Matters: The Company's Board of Directors requests the Shareholders' Meeting to authorize the Company's management to handle the purchase of directors' and senior management liability insurance within the aforementioned authorized scope, and to handle renewal or re-insurance matters for directors' and senior management liability insurance upon expiration or before expiration in the future (including but not limited to determining the insured persons; determining the insurance company; determining the insurance compensation limit, insurance premium, and other insurance clauses; signing relevant legal documents and handling other matters related to insurance and claims).