ZYSC(SH:600280) Zheng Quan Zhi Xing·2025-08-26 12:17General Principles - The system aims to enhance the company's operational standards and improve the quality and transparency of annual report disclosures [2] - Responsibility accountability refers to the pursuit of individuals who fail to perform their duties correctly, resulting in significant economic losses or adverse social impacts [2] - The system applies to directors, senior management, branch and subsidiary heads, controlling shareholders, and other personnel involved in annual report disclosures [2] Accountability for Major Disclosure Errors - Responsibility should be pursued in cases of violations of laws and regulations leading to significant errors in annual report disclosures [6] - Specific violations include breaches of the Company Law, Securities Law, accounting standards, and internal control systems that result in major errors or adverse effects [6] - Failure to communicate timely during the annual report disclosure process that leads to significant errors is also subject to accountability [6] Severity of Accountability - Severe consequences apply when the situation is serious, the impact is significant, and the cause is due to personal subjective factors [7] - Mitigating circumstances may include actions taken to correct errors or if the errors were due to unforeseen and uncontrollable factors [7] Forms and Types of Accountability - Forms of accountability include corrective actions, public criticism, job reassignment, financial compensation for losses, and termination of employment [10] - Economic penalties may accompany disciplinary actions against directors and senior management based on the severity of the incident [11] Additional Provisions - Unaddressed matters in the system will follow relevant national laws and regulations [12] - The board of directors is responsible for interpreting and revising the system [13] - The system will be effective upon approval by the board of directors [14]