WXSJ(SH:603185) Zheng Quan Zhi Xing·2025-09-05 16:34Core Viewpoint - The company has established a system for accountability regarding significant errors in annual report disclosures to enhance the quality and transparency of financial reporting and ensure compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The system aims to improve the company's operational standards and increase accountability for those responsible for annual report disclosures [1]. - It applies to personnel whose actions lead to significant errors in annual report disclosures, resulting in substantial economic losses or negative social impacts [1][2]. - The principles for accountability include objectivity, accountability for errors, proportionality of power and responsibility, and combining accountability with work improvement [1][2]. Group 2: Definition of Significant Errors - Significant errors in annual report disclosures include major accounting errors, substantial omissions, and discrepancies in performance forecasts [2][3]. - Specific situations classified as significant errors include violations of accounting laws, major discrepancies in financial data, and failure to provide reasonable explanations for performance differences [2][3][4]. Group 3: Recognition and Handling of Accounting Errors - Major accounting errors are defined as those that could significantly affect users' judgments regarding the company's financial status [3][4]. - Criteria for recognizing significant accounting errors include errors exceeding 5% of total audited assets or net profit, with absolute amounts over 5 million [4][5]. - The company must engage a qualified accounting firm to audit any corrections made to previously published financial reports [5]. Group 4: Responsibility and Accountability - The company will pursue accountability for significant errors, distinguishing between direct responsibility and leadership responsibility [8][9]. - Key executives, including the chairman and general manager, bear primary responsibility for the accuracy and completeness of financial reports [9][10]. - Serious cases of errors may lead to severe penalties, including dismissal or legal action [10][11]. Group 5: Implementation and Review - The financial department is responsible for collecting data related to errors, investigating causes, and proposing corrective measures [2][8]. - The board of directors must review and approve any proposed actions regarding accountability for significant errors [10][11]. - The system will take effect upon approval by the board and will be subject to modifications as necessary [11].