Vanward(SZ:002543) Zheng Quan Zhi Xing·2025-08-26 16:45Core Viewpoint - The company has established a system for accountability regarding significant errors in annual report disclosures to enhance the quality and transparency of information provided to stakeholders [2][4]. Group 1: Purpose and Scope - The system aims to improve the company's operational standards and ensure the authenticity, accuracy, completeness, and timeliness of annual report disclosures [2]. - It applies to directors, senior management, subsidiary heads, controlling shareholders, and other personnel involved in annual report disclosures [2][3]. Group 2: Definition of Major Errors - Major errors in annual report disclosures include significant accounting errors in financial reports, substantial omissions or mistakes in disclosures, and discrepancies between performance forecasts and actual results [3]. - Specific examples of major errors include violations of accounting laws, significant discrepancies in financial data, and failure to provide reasonable explanations for performance differences [3][8]. Group 3: Accountability Principles - The accountability system follows principles of objectivity, fairness, and proportionality between fault and responsibility [4]. - The company secretary is responsible for collecting and summarizing materials related to accountability and proposing handling plans for board approval [4]. Group 4: Recognition and Handling of Errors - Major accounting errors are defined as those that could significantly affect users' judgments regarding the company's financial status, with specific thresholds for asset, liability, revenue, and profit discrepancies [5][6]. - The company must engage a qualified accounting firm to audit any corrections to previously published financial reports [6]. Group 5: Consequences of Errors - Individuals responsible for significant errors may face various penalties, including corrective orders, public criticism, demotion, or termination of employment [11]. - The results of accountability measures will be included as a key performance indicator in the annual evaluations of relevant departments and personnel [11].