XILI TECHNOLOGY(SH:688616) Zheng Quan Zhi Xing·2025-08-26 16:19General Principles - The company establishes a management system for the declaration and disclosure of shares held by directors and senior management to enhance supervision and management [1][2] - The system is based on relevant laws, regulations, and the company's articles of association [1] Shareholding Restrictions - Directors and senior management must adhere to restrictions on share transfers, including a one-year lock-up period post-listing and a six-month restriction after leaving the company [3][4] - Specific conditions under which shares cannot be transferred include ongoing investigations or penalties related to securities violations [3][4] Trading Restrictions - Directors and senior management are prohibited from trading company shares during certain periods, such as before the announcement of financial reports [4][5] - There are limits on the amount of shares that can be sold annually, with a maximum of 25% of their total holdings during their term and six months thereafter [4][5] Information Reporting and Disclosure - Directors and senior management must report personal information and any changes within specified timeframes to the Shanghai Stock Exchange [7][8] - Any planned share reductions must be disclosed 15 trading days in advance, including details on the number of shares, timeframes, and reasons for the reduction [7][8] Compliance and Accountability - The company board is responsible for recovering profits from any illegal trading activities by directors and senior management [6][9] - Shareholders have the right to demand action if the board fails to enforce compliance with trading regulations [6][9] Additional Provisions - The management system will be revised as necessary and will take effect upon approval by the company board [11]