Donglai Technology(SH:688129) Zheng Quan Zhi Xing·2025-07-14 16:28Core Viewpoint - The document outlines the regulations governing the management of shares held by directors and senior management of Donglai Coating Technology (Shanghai) Co., Ltd, focusing on the restrictions and reporting requirements related to the buying and selling of company shares [1][2][3]. Summary by Sections General Provisions - The rules are established to enhance the management of shares held by the company's directors and senior management, in accordance with relevant laws and regulations [1]. - The rules apply to all shares held by directors and senior management, including those held in others' accounts and through margin trading [1]. Prohibited Share Transactions - Directors and senior management are prohibited from transferring shares under specific circumstances, such as within one year of the company's stock listing or within six months after leaving the company [2]. - Additional prohibitions include situations involving investigations by regulatory bodies or legal actions against the individual or the company [2]. Trading Restrictions - There are specific periods during which directors and senior management cannot buy or sell shares, including 15 days before the announcement of annual or semi-annual reports and 5 days before quarterly reports [3]. - They must also ensure that close relatives and controlled entities do not engage in insider trading based on non-public information [3]. Reporting and Disclosure - Directors and senior management must report any changes in their shareholdings within two trading days, excluding changes due to stock dividends or capital increases [8]. - The company is responsible for ensuring accurate and timely reporting of share transactions to the relevant authorities [16]. Share Transfer Limits - The maximum number of shares that directors and senior management can transfer in a year is limited to 25% of their total holdings, with exceptions for certain legal circumstances [10]. - New shares acquired through various means are subject to specific transfer conditions, with a portion being transferable in the year of acquisition [12]. Compliance and Accountability - The company and its directors are accountable for ensuring compliance with relevant laws and regulations, with severe violations leading to penalties from regulatory authorities [18]. - The rules will be revised as necessary to align with future legal changes and must be approved by the board of directors [19][21].