Zheng Quan Zhi Xing·2025-07-18 16:24Core Viewpoint - The company has established a significant error accountability system for annual report information disclosure to enhance the quality and transparency of disclosures, ensuring their authenticity, accuracy, completeness, and timeliness, thereby protecting investors' rights [1]. Group 1: General Principles - The system aims to improve the operational standards of information disclosure and is based on various laws and regulations, including the Company Law and Securities Law [1]. - The accountability system applies to directors, senior management, heads of subsidiaries, controlling shareholders, actual controllers, and other personnel involved in annual report disclosures [1]. Group 2: Responsibility Identification and Accountability - Responsibility will be pursued in cases of violations of laws and regulations that lead to significant errors or adverse effects in annual report disclosures [2]. - Specific scenarios warranting accountability include failure to communicate timely, personal reasons causing significant errors, and violations of internal control systems [2]. Group 3: Severity of Accountability - Severe consequences will be imposed for egregious cases where personal subjective factors lead to significant adverse outcomes [3]. - Mitigating factors for accountability may include proactive correction of errors and circumstances beyond personal control [4]. Group 4: Forms of Accountability - The forms of accountability for significant errors in annual report disclosures include corrective orders, public reprimands, and potential termination of employment [5]. - Economic penalties will be determined by the board based on the specifics of the incident, with criminal cases referred to judicial authorities [6]. Group 5: Additional Provisions - The accountability system will also apply to quarterly and semi-annual report disclosures [6]. - The board is responsible for the formulation, interpretation, and revision of this system, which will be implemented upon board approval [6].