LME(SH:688589) Zheng Quan Zhi Xing·2025-08-27 12:08Core Viewpoint - The company has established a system for accountability regarding significant errors in annual report disclosures to enhance the quality and transparency of information disclosure [1][2][3] Group 1: Purpose and Scope - The system aims to improve the management of information disclosure, ensuring fairness and increasing the responsibility awareness of those involved in annual report disclosures [1][2] - It applies to the company's directors, senior management, subsidiary heads, and other personnel related to annual report disclosures [2][3] Group 2: Responsibilities and Errors - Significant errors in annual report disclosures include major accounting mistakes, substantial errors or omissions in the annual report, and significant discrepancies in performance forecasts [3][4] - The company emphasizes strict adherence to national laws, regulations, and internal control systems to ensure accurate financial reporting [2][3] Group 3: Accountability Principles - The accountability system follows principles of objectivity, accountability for errors, and the correlation between power and responsibility [2][3] - The company’s securities department is responsible for collecting relevant materials and proposing handling plans for accountability [3][4] Group 4: Consequences of Errors - Specific circumstances warrant accountability, including violations of laws and regulations leading to significant errors in disclosures [4][5] - The company outlines standards for recognizing significant discrepancies in performance forecasts and interim reports, with a threshold of 10% for financial data discrepancies [5][6] Group 5: Forms of Accountability - Accountability measures may include corrective actions, internal criticism, demotion, or termination of employment [6][7] - The company will consider the context of the errors when determining the severity of the consequences [7][8] Group 6: Implementation and Review - The system will also apply to quarterly and semi-annual report disclosures, ensuring consistency in accountability practices [8][9] - The board of directors is responsible for the formulation, interpretation, and modification of this accountability system [9]