General Provisions - The purpose of the guidelines is to promote the standardized operation of Shenghong Technology (Huizhou) Co., Ltd. and enhance the role of the board secretary, based on relevant laws and regulations [1] - The guidelines outline the qualifications, appointment procedures, powers, and legal responsibilities of the board secretary [1] Appointment Conditions - The board secretary should be familiar with the company's operations and industry knowledge, possess necessary professional knowledge, and have strong public relations and problem-solving skills [2] - The board secretary must be a senior management personnel such as a director, president, vice president, or financial director, and cannot act in dual capacities when a director also serves as the board secretary [2] - Required qualifications for the board secretary include financial, management, and legal knowledge, good professional ethics, relevant work experience, a recognized board secretary qualification certificate, and strong organizational and communication skills [2][3] Scope of Duties - The board secretary is responsible for information disclosure, investor relations management, organizing board and shareholder meetings, and ensuring compliance with disclosure regulations [3] - The board secretary must maintain confidentiality regarding undisclosed significant information and report any leaks to the stock exchange [3] - The board secretary is also tasked with training directors and senior management on securities laws and regulations [3] Appointment and Dismissal Procedures - The board secretary is nominated by the chairman and appointed or dismissed by the board of directors [4] - The company must appoint a new board secretary within three months of the initial public offering or the previous secretary's departure [4] - The company must provide documentation to the stock exchange upon appointing a new board secretary [5] Work Support and Responsibilities - The company must establish a supportive work system for the board secretary, ensuring cooperation from directors and senior management [6] - The board secretary has the right to access financial and operational information and attend relevant meetings [6] - In cases of obstruction, the board secretary can report directly to the stock exchange [7] Miscellaneous - The guidelines will take effect upon approval by the board of directors [8]

Core Points - The document outlines the information disclosure management system of Nanjing Lais Information Technology Co., Ltd, aiming to ensure the authenticity, accuracy, completeness, fairness, timeliness, and effectiveness of information disclosure to protect the rights and interests of the company, shareholders, and investors [2][3]. Group 1: General Principles - Information disclosure is a continuous responsibility of the company, which must comply with laws, regulations, and relevant rules [4]. - The chairman of the board bears primary responsibility for managing the company's information disclosure affairs [4]. - All significant matters that may substantially affect the company's stock trading price or investment decisions must be disclosed [4][5]. Group 2: Disclosure Obligations - The company and related disclosure obligors must disclose information in a timely and fair manner, ensuring that the disclosed information is true, accurate, complete, and clear [5][6]. - Major information reflecting the company's business, technology, finance, governance, competitive advantages, industry trends, and risk factors must be disclosed [6][7]. - For long-term significant matters under planning, the company must disclose progress in stages according to the principle of materiality [8]. Group 3: Reporting Requirements - The company is required to disclose periodic reports, including annual, semi-annual, and quarterly reports, within specified timeframes [16][17]. - Annual reports must be completed within four months after the end of the fiscal year, while semi-annual reports are due within two months after the first half of the fiscal year [17][18]. - The content of the annual report must include basic company information, major accounting data, stock and bond issuance, and significant events during the reporting period [19][20]. Group 4: Risk Disclosure - The company must disclose risks that may significantly impact its core competitiveness, operational activities, and future development [22][23]. - If the annual net profit or revenue declines by more than 50% compared to the previous year, specific reasons and impacts must be disclosed [22][23]. Group 5: Temporary Announcements - Temporary announcements must be made promptly for significant events, including board resolutions or agreements signed [33][34]. - The company must clarify any rumors that may significantly affect stock trading or investor decisions [62]. Group 6: Related Party Transactions - Related party transactions exceeding certain thresholds must be disclosed and approved by independent directors [45][46]. - The company must ensure that related transactions do not bypass the required disclosure and approval processes [46][47]. Group 7: Financial Reporting - Financial reports must be audited by a qualified accounting firm, and unaudited reports cannot be disclosed [23][24]. - The company must disclose any changes in accounting policies or estimates that could manipulate financial indicators [66][67]. Group 8: Governance and Compliance - The company must establish a robust system for managing the storage, use, and disclosure of raised funds, particularly in technology innovation [71][72]. - The company is required to disclose environmental information and social responsibility efforts in accordance with relevant regulations [74][75].

Core Viewpoint - *ST Guandian has released a rectification report in response to regulatory warnings regarding non-operating fund occupation by its actual controller, inadequate information disclosure, and internal control failures [2][3][7] Summary by Relevant Sections Regulatory Actions - The company received a regulatory warning letter for fabricating accounts payable and providing financing to other companies through factoring, resulting in a bank deduction of 143 million yuan from December 2024 to April 2025 [3][7] - The actual controller, Gao Ming, acknowledged the non-operating fund occupation, with an outstanding balance of 96.9472 million yuan yet to be repaid [3][7] Financial Issues - As of the latest reports, the company has a total of 161 million yuan related to factoring activities, with the actual controller promising to recover funds from other companies involved [4][7] - The company has faced significant financial discrepancies, including a 139 million yuan overstatement of bank deposits in its 2022 annual report due to improper accounting practices [7] Rectification Measures - In the rectification report, *ST Guandian proposed several measures, including the establishment of online banking and alert functions for special accounts to monitor fund movements [5][8] - The actual controller has committed to repaying the non-operating funds by October 31, 2025, using self-raised funds [5][6] Governance Improvements - Following the penalties, the company has revised or established new governance policies, including measures to prevent fund occupation by the controlling shareholder and related parties [7][8] - The company aims to enhance internal controls and compliance with relevant laws and regulations, ensuring that similar issues do not recur in the future [8]

Core Viewpoint - The company is actively managing its market value and addressing shareholder concerns while navigating recent challenges related to information disclosure and investment activities. Group 1: Company Performance and Market Activity - As of July 25, 2025, Zhongjian Technology (300777) closed at 36.16 yuan, down 0.52%, with a turnover rate of 1.77% and a trading volume of 74,800 shares, amounting to a transaction value of 270 million yuan [1] - On July 25, the net outflow of main funds was 12.72 million yuan, while speculative funds saw a net inflow of 27.21 million yuan, and retail investors experienced a net outflow of 14.49 million yuan [12] Group 2: Corporate Governance and Shareholder Communication - The company emphasized that any statements made by board member Wen Yuefang on other platforms were personal actions and not officially sanctioned, and the company has fulfilled its disclosure obligations [2] - The company is focused on enhancing investor communication and optimizing information disclosure to stabilize market expectations, indicating that the company's performance has not been materially affected [2] - The company is actively working on the share transfer process related to Sinopec's investment and is committed to improving operational efficiency [3][4] Group 3: Strategic Investments and Business Development - The company is in the process of acquiring a 6.03% stake in Sanqiang Composite Materials, which operates in a similar field, but the company asserts that there is no direct competition due to differences in product offerings [5] - The establishment of Jiangsu Changhong Functional Materials Co., Ltd. aims to advance the research and production of carbon fiber prepregs, expanding the application of carbon fiber materials [6] - The company is committed to maintaining a robust governance structure to prevent conflicts of interest and ensure shareholder rights are protected [10]

Core Viewpoint - LiuZhou Chemical Co., Ltd. received a corrective order from the Guangxi Securities Regulatory Bureau, requiring the company to rectify identified issues within 30 days and submit a report on the corrective actions taken [1]. Summary by Sections Issues Identified and Corrective Measures - The company acknowledged issues related to non-compliance in accounting practices, specifically inaccurate revenue and cost recognition in financial reports, violating the "Management Measures for Information Disclosure of Listed Companies" [1]. - Corrective actions include adjusting previous accounting errors by changing the revenue recognition method from gross to net, with restated financial statements disclosed [2]. - The impact of the adjustments on financial statements includes a reduction in operating revenue and costs across multiple reporting periods, with specific figures provided for each period [2][3]. Completion of Rectification - The company has completed the necessary corrections and will continue to enhance the quality of financial reporting to prevent similar issues in the future [3]. - The responsible parties for the rectification include the Chairman, General Manager, Board Secretary, and Financial Officer [3]. Compliance with Regulatory Requirements - The company has fulfilled its obligation to check the integrity records of its appointed directors and senior management, addressing previous lapses in compliance [4]. - The company emphasizes ongoing adherence to relevant laws and regulations, aiming to improve governance and internal control processes [4]. Future Plans and Continuous Improvement - The company views the regulatory inspection as an opportunity to enhance operational standards and financial accounting practices [4]. - Future initiatives include regular internal audits, risk assessments, and ensuring compliance with securities market laws to safeguard shareholder interests and promote sustainable development [4].

Group 1: Investor Relations Activity Overview - The investor relations activity involved a specific audience survey and a site visit [2] - A total of 8 investors participated, including representatives from various funds and securities firms [2] - The event took place on July 24, 2025, at the company's headquarters [2] Group 2: Key Discussion Topics - Investors inquired about the impact of gold price fluctuations, industry conditions, and the company's business model [2] - Discussions included the brand matrix, product structure, gross margin situation, and dividend policies [2] - The company ensured compliance with information disclosure regulations, maintaining the accuracy and completeness of the information shared [2]

Core Viewpoint - The U.S. regulatory body is planning to modify the "Pattern Day Trader" (PDT) rule, which is expected to lower the barriers for retail investors engaging in day trading, potentially attracting more participants to the U.S. stock market and benefiting brokerage firms [1][2]. Group 1: Proposed Changes to PDT Rule - The Financial Industry Regulatory Authority (FINRA) is set to propose changes to the PDT rule, which currently restricts margin accounts with less than $25,000 from making more than three day trades within five days. The new proposal would allow accounts with only $2,000 to engage in such trading [2][3]. - The current PDT rule was established in 2001 to prevent significant losses from excessive leverage, but market conditions have changed, prompting FINRA to reassess the rule [2][3]. Group 2: Impact on Retail Investors and Brokerages - The proposed changes are expected to attract more retail investors, as the current $25,000 threshold has been criticized for being too restrictive. Since June of the previous year, the stock options market has grown by 23% [4][5]. - Several brokerage firms, including Robinhood and Fidelity Investments, have expressed support for the proposed changes, citing improved risk management capabilities and the prevalence of commission-free trading as reasons for the adjustment [4][5]. Group 3: Concerns and Market Reactions - Some analysts have raised concerns that relaxing the PDT rule may encourage impulsive day trading behavior, potentially harming retail investor performance. A study from Stanford Business School indicated that increased market access could weaken retail investor outcomes [6]. - In addition to the PDT rule changes, there are discussions about relaxing regulatory requirements for public companies, which could further impact investor protection and market dynamics [6][7]. - Recent market trends show that the U.S. stock market is at historical highs, but signs indicate that the current rally may be losing momentum, as evidenced by a decline in the proportion of S&P 500 stocks above their 20-day or 50-day moving averages [7].

Core Points - The article outlines the information disclosure management system of Hunan Huasheng Co., Ltd, emphasizing the importance of timely, accurate, and complete information disclosure to protect investors' rights [1][2][3] Group 1: General Principles - The company must disclose information that is true, accurate, complete, and easy to understand, without any misleading statements or omissions [1][2] - Information should be disclosed simultaneously to all investors, and insider information must not be leaked before its legal disclosure [1][2][3] Group 2: Responsibilities and Management - The board of directors and senior management are responsible for ensuring the accuracy and completeness of disclosure documents [2][5] - The board of directors appoints a secretary responsible for coordinating information disclosure and ensuring compliance with regulations [5][9] Group 3: Disclosure Procedures - Information disclosure includes periodic reports, temporary reports, and other documents that may significantly impact stock prices [3][4] - The company must publish disclosure documents on the stock exchange's website and in designated media [4][6] Group 4: Reporting Requirements - The company must disclose annual, semi-annual, and quarterly reports within specified timeframes, ensuring they reflect the company's actual situation [12][34][36] - Any significant events that could affect stock prices must be disclosed immediately, including changes in management or major financial decisions [16][18][19] Group 5: Legal Responsibilities - The company and responsible individuals may face legal consequences for failing to disclose information or for providing misleading information [61][62] - Insider information must be controlled and not disclosed before legal requirements are met [10][30]

Core Viewpoint - The document outlines the information disclosure management system for Jiangsu Rongtai Industrial Co., Ltd, emphasizing the importance of timely, accurate, and complete disclosure of information that may significantly impact the company's securities and derivatives prices [1][2][3]. Group 1: General Principles - The information disclosure obligations apply to the company, its directors, senior management, shareholders, and other relevant parties [2][3]. - Information that may significantly affect the company's securities prices must be disclosed in a timely manner, ensuring that the information is truthful, accurate, and complete [4][5]. - The company must use clear and straightforward language in its disclosures, avoiding promotional or misleading statements [5][6]. Group 2: Disclosure Procedures - The company must disclose periodic reports, including annual and semi-annual reports, within specified timeframes after the end of each accounting period [6][7]. - Financial reports included in the annual report must be audited, while semi-annual reports may not require an audit unless specific conditions are met [7][8]. - The board of directors must ensure that periodic reports are disclosed on time and that they have been reviewed and approved by the board [8][9]. Group 3: Content of Disclosures - The annual report must include essential information such as the company's basic situation, major financial data, stock and bond issuance, and significant events affecting the company [8][9]. - The company must disclose any risks that could significantly impact its core competitiveness and future development [8][9]. - Any major events that could affect the company's securities prices must be disclosed immediately, including significant legal issues, financial losses, or changes in management [10][11]. Group 4: Confidentiality and Responsibilities - The company must maintain confidentiality regarding insider information and ensure that such information is disclosed only in compliance with legal requirements [21][22]. - The board of directors and the board secretary are responsible for managing information disclosure and ensuring compliance with the established procedures [18][19]. - Any violations of the disclosure regulations may lead to administrative, civil, or criminal liabilities for responsible parties [68][69].

Core Viewpoint - The company has conducted a self-examination regarding regulatory measures or penalties imposed by securities regulatory authorities and exchanges over the past five years, concluding that there have been no penalties, but there were instances of regulatory measures that required rectification [1][5]. Summary by Sections Recent Regulatory Measures and Penalties - The company has not faced any penalties from securities regulatory authorities or exchanges in the last five years [1]. - The company received an administrative regulatory measure from the Sichuan Securities Regulatory Bureau, which mandated rectification due to a violation during the 2022 first extraordinary general meeting where the chairman acted as a vote counter despite being a related shareholder, violating the rules of shareholder meetings [2][3]. Rectification Actions Taken - Following the regulatory measure, the company organized training for all directors, supervisors, and senior management to enhance compliance awareness regarding relevant rules [2]. - The current five directors and supervisors have completed initial training courses and obtained certificates, with plans for ongoing compliance training and internal studies to improve understanding of regulations [2][3]. - The company has strengthened its internal control over meeting deliberations and information disclosure to ensure compliance with internal management standards [3]. Previous Warnings and Measures - The company received a warning letter in 2020 for failing to include personal loans in its consolidated financial statements, which led to inaccuracies in financial data [4]. - In response, the company organized training on information disclosure regulations for its board and management to improve the accuracy and completeness of disclosures [4][5]. - The company has committed to enhancing internal controls and auditing practices to prevent similar issues in the future [5].