SPM(SH:601900) Zheng Quan Zhi Xing·2025-08-26 11:21Core Points - The document outlines the regulations for the Southern Publishing Media Co., Ltd. regarding the deferral and exemption of information disclosure to ensure compliance with legal obligations and protect investors' rights [1][2][3] - It specifies the responsibilities of information disclosure obligors, including the board of directors, senior management, and major shareholders [2][3] - The document defines the conditions under which information can be deferred or exempted from disclosure, particularly concerning state secrets and commercial secrets [4][5][6] Group 1: Information Disclosure Obligors - Information disclosure obligors include the company, its board members, senior management, major shareholders, and other relevant parties [2][3] - The document emphasizes the importance of internal review processes before deciding on deferral or exemption of disclosures [5][6] Group 2: Conditions for Deferral and Exemption - Information can be exempted from disclosure if it involves state secrets or if disclosure could violate confidentiality regulations [4][5] - Commercial secrets can also be deferred or exempted if their disclosure could lead to unfair competition or harm the interests of the company or others [4][5][6] Group 3: Internal Management Processes - The board secretary is responsible for coordinating deferral and exemption matters and must report to the board of directors [12][13] - Specific forms and procedures must be followed for requesting deferral or exemption, including maintaining confidentiality commitments from involved personnel [14][15][16] Group 4: Reporting and Accountability - The company must report any deferred or exempted disclosures to regulatory authorities within ten days after the publication of regular reports [16][17] - Failure to comply with disclosure obligations may result in disciplinary actions against responsible individuals [17][18]