Sanquan Food (002216) Zheng Quan Zhi Xing·2025-05-13 14:19Core Points - The document outlines the management system for shares held by directors and senior management of Sanquan Foods Co., Ltd, emphasizing compliance with relevant laws and regulations [1][2][3] - It establishes rules regarding the buying, selling, and reporting of shares by directors and senior management, including restrictions on insider trading and market manipulation [4][5][6] - The system aims to protect the interests of the company and its minority shareholders by ensuring orderly and transparent share transactions [7][8][9] Summary by Sections - Management System Purpose: The system is designed to strengthen the management of shares held by directors and senior management, ensuring adherence to laws such as the Company Law and Securities Law [1][2] - Shareholding Definitions: It defines shares held by directors and senior management, including those held in others' accounts and through margin trading [3][4] - Trading Restrictions: Directors and senior management are prohibited from short selling company shares and engaging in derivative transactions based on company shares [5][6] - Notification Requirements: Before trading, directors and senior management must notify the board secretary in writing, who will verify the company's disclosure and significant matters [6][7] - Transfer Limitations: There are specific limits on the percentage of shares that can be transferred annually, with conditions for exceptions [10][11] - Reporting Obligations: Changes in shareholding must be reported within two trading days, including details of the transaction [9][10] - Lock-up Periods: Certain conditions impose lock-up periods on share transfers, particularly following significant corporate events or legal investigations [11][12] - Compliance and Penalties: The document outlines penalties for violations of the rules, emphasizing the responsibility of the board secretary to manage compliance [12][13]