SPEG(SH:600679) Zheng Quan Zhi Xing·2025-05-22 14:35Core Points - The article outlines the insider information management system of Shanghai Phoenix Enterprise (Group) Co., Ltd, aimed at regulating insider information management and ensuring fair disclosure to protect investors' rights [2][3][12]. Group 1: Insider Information Management - The company is responsible for maintaining accurate and complete records of insider information and its informants, with the board of directors and the board secretary being the main responsible parties [3][4]. - The insider information management system applies to all functional departments, subsidiaries, and companies significantly influenced by the company [4][12]. - Insider information is defined as non-public information that could significantly impact the company's operations, finances, or stock prices [5][6]. Group 2: Registration and Reporting - The company must report insider informant records to the Shanghai Stock Exchange when significant events occur, such as major asset restructuring or securities issuance [6][10]. - The insider informant records must include detailed information such as names, identification numbers, and the nature of the insider information [7][11]. - The company is required to submit these records within five trading days after the initial public disclosure of insider information [12][14]. Group 3: Confidentiality and Responsibilities - Insider informants are obligated to maintain confidentiality regarding the insider information they possess [12][13]. - The company must implement measures such as confidentiality agreements and training to ensure that insider information is disclosed only to a limited number of individuals [12][13]. - Violations of confidentiality obligations by insider informants may result in legal penalties and potential termination of employment [13][14].