Zheng Quan Zhi Xing·2025-07-18 16:24Core Points - The company has established a system for the deferral and exemption of information disclosure, approved by the board on July 18, 2025 [1] - The system aims to ensure compliance with relevant laws and regulations regarding information disclosure [1][6] - The company must ensure that any deferred or exempted disclosures do not mislead investors or violate insider trading laws [1][2] Section Summaries General Provisions - The system is designed to regulate the procedures for deferring and exempting information disclosure, ensuring legal compliance [1] - The company must adhere to the rules set forth by the stock exchanges where it is listed [1] Scope and Conditions for Deferral and Exemption - Information can be deferred or exempted if it involves trade secrets or confidential business information that has not been publicly disclosed [2] - The company must have sufficient evidence to prove that the information involves state secrets to qualify for exemption [2][3] - The company has an obligation to protect state secrets and must not disclose them through any means [2][3] Management Process for Deferral and Exemption - The company must document any deferral or exemption of information, including the reasons and internal review processes [5][6] - Any deferred information must be disclosed promptly once the reasons for deferral are resolved [4][5] - The company is required to submit documentation of deferred or exempted disclosures to regulatory authorities within ten days after the publication of regular reports [5][6]