XINHUA CHEMICAL(SH:603867) Zheng Quan Zhi Xing·2025-05-20 12:32Core Viewpoint - The document outlines the information disclosure deferral and exemption management system for Zhejiang Xinhua Chemical Co., Ltd, ensuring compliance with relevant laws and regulations while protecting sensitive information [1][2][3]. Group 1: General Principles - The system is established to regulate the deferral and exemption of information disclosure, ensuring that the company and related parties fulfill their disclosure obligations in accordance with the law [1]. - Information disclosure obligations can be deferred or exempted based on specific circumstances as defined by the Stock Listing Rules without prior application to the Shanghai Stock Exchange [1][2]. Group 2: Scope of Deferral and Exemption - Information that involves state secrets or could violate confidentiality regulations may be exempted from disclosure if sufficient evidence is provided [2]. - Disclosure of commercial secrets can be deferred or exempted if it could lead to unfair competition or harm the interests of the company or its stakeholders [2][3]. Group 3: Internal Management of Disclosure - The company must carefully determine the need for deferral or exemption and implement measures to prevent the leakage of such information [4]. - Information that is deferred or exempted must be accurately reported and documented, ensuring that the number of individuals aware of the information is minimized [4][5]. Group 4: Approval Process - A formal approval process is required for deferring or exempting disclosure, including documentation and internal review by the board secretary and chairman [5][6]. - If the reasons for deferral or exemption are no longer valid, the company must promptly disclose the information and the rationale for its previous status [6][7]. Group 5: Accountability - The company reserves the right to hold individuals accountable for any violations of the disclosure management system or related regulations [7].