Anzheng Fashion(SH:603839) Zheng Quan Zhi Xing·2025-08-27 16:40Core Viewpoint - The document outlines the management system for the shares held by directors and senior management of Anzheng Fashion Group Co., Ltd, emphasizing compliance with relevant laws and regulations regarding share transfers and disclosures [1][2]. Summary by Sections Management of Shareholdings - The company establishes a system to manage the shares held by its directors and senior management, in accordance with the Company Law, Securities Law, and other relevant regulations [1]. - Directors and senior management must adhere to restrictions on share transfers as stipulated by laws and regulations [2]. Transfer Restrictions - Share transfers by directors and senior management are prohibited under certain conditions, including within one year of the company's stock listing and within six months after leaving the company [2]. - Additional restrictions apply if the company is under investigation for securities violations or if the individual is subject to legal penalties [2]. Transfer Limits - Directors and senior management can transfer a maximum of 25% of their total shareholdings each year, with exceptions for certain circumstances such as judicial enforcement or inheritance [3]. - If the number of shares held is less than 1,000, they may transfer all shares at once without being subject to the 25% limit [3]. New Share Issuance and Incentives - New shares acquired through public or private issuance, equity incentive plans, or other means can be transferred up to 25% in the year they are acquired, with limited conditions applying to shares with restrictions [4][5]. Disclosure Requirements - Directors and senior management must report shareholding changes within two trading days, including details such as the number of shares before and after the change [6]. - A reduction plan must be disclosed 15 trading days prior to any planned share sales, detailing the number of shares, time frame, and reasons for the sale [5][6]. Insider Trading Regulations - Directors and senior management are prohibited from trading shares based on insider information and must ensure that close relatives and associates do not engage in such trading [8][9]. - Violations of trading regulations will result in the company recovering any profits made from such trades [7]. Reporting and Compliance - The company must disclose the trading activities of directors and senior management in its annual and semi-annual reports, including the number of shares held at the beginning and end of the reporting period [9][10]. - The board of directors is responsible for ensuring compliance with these regulations and must report any violations to regulatory authorities [10].