COOEC(SH:600583) Zheng Quan Zhi Xing·2025-09-04 11:14Core Viewpoint - The company has established an internal accountability management system to enhance governance and ensure compliance with securities laws and regulations, aiming to hold directors and senior management accountable for violations that cause significant losses or negative impacts [1][2]. Group 1: Internal Accountability Definition - Internal accountability refers to the responsibility of directors, senior management, and other relevant personnel for actions that violate securities laws or self-regulatory rules, leading to serious losses for the company [2]. - The scope of internal accountability includes directors and senior management of the company and its wholly-owned and controlling subsidiaries [2]. Group 2: Principles of Internal Accountability - The internal accountability system is based on principles of equality, consistency of rights and responsibilities, objectivity, and a combination of accountability and improvement [2]. Group 3: Accountability Matters - Accountability matters include criminal liability for violations of securities laws, administrative penalties by regulatory bodies, and disciplinary actions by stock exchanges [2][3]. - Additional matters include insider trading, unauthorized stock transactions, and any actions deemed necessary for accountability by the shareholders or board of directors [3]. Group 4: Accountability Committee - The company has established an internal accountability committee responsible for handling accountability matters [3]. - The committee is composed of directors and senior management, with the chairman being the company’s chairman [3]. Group 5: Accountability Measures - The company can impose various accountability measures, including warnings, economic penalties, demotions, and other legally permissible actions [4]. - The severity of penalties can be increased based on the gravity of the violation and the impact on the company [4]. Group 6: Accountability Procedures - Upon identifying a violation, the internal accountability committee must initiate the accountability process immediately [5]. - The committee can authorize internal or external entities to investigate and report findings within specified timeframes [6]. Group 7: Reporting and Review - The company must report the implementation and results of internal accountability actions to the Tianjin Securities Regulatory Bureau within thirty working days of the incident [7]. - The accountability committee's decisions must be documented, and members must sign the meeting records for permanent storage [7].