Shenke Sliding Bearing Co., Ltd.
System for Accountability for Major Errors in Annual Report Information Disclosure
Chapter 1 General Provisions
Article 1 To further improve the standardized operation of Shenke Sliding Bearing Co., Ltd. (hereinafter referred to as the "Company"), enhance the quality and transparency of annual report information disclosure, and strengthen the authenticity, accuracy, completeness, and timeliness of annual report information disclosure, in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the "Administrative Measures for Information Disclosure by Listed Companies," the "Code of Corporate Governance for Listed Companies," the "Stock Listing Rules of the Shenzhen Stock Exchange," the "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant laws and regulations, and the "Articles of Association of Shenke Sliding Bearing Co., Ltd." (hereinafter referred to as the "Articles of Association"), this System is formulated.
Article 2 This System applies to the Company's directors, senior management personnel, heads of all branches/subsidiaries, heads of all departments, controlling shareholders and actual controllers, and other personnel involved in the work of annual report information disclosure.
Article 3 The accountability for major errors in annual report information disclosure referred to in this System refers to the system for accountability and handling when the personnel listed in Article 2 fail to perform or improperly perform their duties, obligations, or for other personal reasons, causing significant economic losses or adverse social impact to the Company.
Article 4 Major errors in annual report information disclosure as referred to in this System include significant accounting errors in the annual financial report, major errors or omissions in other annual report information disclosures, and significant discrepancies in performance forecasts or preliminary performance reports.