Autowell(SH:688516) Zheng Quan Zhi Xing·2025-06-24 18:19Core Viewpoint - The document outlines the responsibility accountability system for significant errors in annual report information disclosure at Wuxi Autowei Technology Co., Ltd, aiming to enhance the quality and transparency of financial reporting [1][2]. Group 1: General Principles - The system is designed to improve the authenticity, accuracy, completeness, and timeliness of annual report information disclosure [1]. - It applies to directors, senior management, controlling shareholders, actual controllers, and other personnel involved in the annual report disclosure process [1]. Group 2: Identification of Significant Errors - Significant errors in annual report information disclosure include major accounting errors in financial reports, substantial omissions, and significant discrepancies in performance forecasts [2][3]. - Specific conditions for significant errors include violations of accounting laws and regulations, discrepancies between performance forecasts and actual results, and other recognized errors by regulatory authorities [2][3]. Group 3: Accountability and Procedures - The company must hold responsible individuals accountable for significant errors, following principles of objectivity, accountability, and correlation between power and responsibility [3][4]. - The identification standards for major accounting errors include thresholds based on asset, liability, net asset, profit, and revenue discrepancies exceeding 5% or absolute amounts over 5 million [4][5]. Group 4: Correction and Disclosure - Corrections to previously published financial reports require auditing by qualified accounting firms [4][5]. - Any significant omissions or discrepancies must be promptly addressed with supplementary announcements [6]. Group 5: Consequences of Errors - The document specifies that the chairman, general manager, and board secretary bear primary responsibility for the authenticity and accuracy of the annual report [6][7]. - Penalties for significant errors can include warnings, job transfers, demotions, or even termination, with the possibility of economic penalties determined by the board [7][8]. Group 6: Performance Evaluation - The outcomes of accountability for significant errors will be included in the annual performance evaluation of relevant departments and personnel [8].