Core Viewpoint - The market for Directors and Officers Liability Insurance (D&O Insurance) in A-share listed companies is experiencing explosive growth due to stricter regulations and heightened awareness among investors regarding their rights [3][4]. Group 1: Market Growth and Penetration - By the end of 2025, the penetration rate of D&O Insurance in A-shares is expected to exceed 32%, with a total of 1,753 companies having purchased the insurance [3][4]. - In 2025, 643 A-share listed companies announced plans to purchase D&O Insurance, a 19% increase from the previous year, with 256 companies disclosing their plans for the first time, accounting for 39.8% [4]. - The manufacturing sector leads in the number of companies purchasing D&O Insurance, with the real estate, wholesale, and electricity sectors showing penetration rates exceeding 60% [4]. Group 2: Claims and Legal Risks - Since 2022, the total disclosed claims amount in the market has exceeded 850 million yuan, indicating a rise in claims frequency [5][6]. - The number of companies receiving warning letters for information disclosure violations has been increasing, with 366 companies having previously purchased D&O Insurance [5]. - The awareness of investor rights has led to a surge in civil compensation lawsuits, with at least 22 insured companies facing lawsuits in 2025 [5][6]. Group 3: Insurance Rates and Recommendations - The average D&O Insurance rate has been on an upward trend since 2017 but has recently shown a downward trend, dropping to below 0.5% by the fourth quarter of 2025 [8]. - Companies are advised to take advantage of the current low rates before potential increases due to rising litigation risks and more publicized claims [8]. - The most common policy limits for D&O Insurance among A-share companies range from 40 million to 60 million yuan, with 50 million and 100 million yuan being the most frequent limits [8]. Group 4: Transparency and Governance - The lack of transparency in D&O Insurance purchasing and claims information is hindering market development, prompting suggestions for mandatory disclosure of key information by listed companies [9]. - D&O Insurance is recognized not only as a risk management tool but also as a mechanism to improve corporate governance and correct improper control of listed companies [9].

Core Viewpoint - The recent release of the "Regulatory Rules for Secretaries of the Board of Directors of Listed Companies (Draft for Comments)" by the China Securities Regulatory Commission signifies a tightening of regulatory constraints on key personnel, leading to an increased demand for directors and officers liability insurance (D&O insurance) among listed companies in the A-share market [2]. Group 1 - The penetration rate of D&O insurance in the A-share market reached a historic high of 32% by 2025, with 643 companies purchasing D&O insurance, marking a 19% increase year-on-year [3][4]. - As of December 2025, a total of 1,753 listed companies had announced their D&O insurance plans, reflecting a 16% increase from the previous year [4]. - The demand for D&O insurance is closely linked to the rising litigation risks faced by directors and senior management, particularly in high-risk industries such as real estate, wholesale, and electricity, where the penetration rate has exceeded 60% [11]. Group 2 - The actual compensation payouts for D&O insurance have significantly increased, with 85 companies facing lawsuits since 2021, indicating a shift from theoretical risk to real financial consequences [7]. - In 2024, there were 26 compensation claims totaling 390 million yuan, while in the first three quarters of 2025, there were 13 claims amounting to 8.947 million yuan, with total disclosed compensation exceeding 850 million yuan from Q1 2022 to Q3 2025 [7]. - The manufacturing sector continues to lead in the number of companies purchasing D&O insurance, particularly in the "Computer, Communication, and Other Electronic Equipment Manufacturing" industry [9]. Group 3 - D&O insurance rates have shown a trend of "rising then falling," currently presenting a rare opportunity for companies to secure lower premiums, with average rates dropping from 0.3% to below 0.05% by Q4 2025 [13]. - The decline in rates is attributed to increased market capacity and irrational competition due to a lack of transparency in claims data, although future rate increases are expected as litigation risks rise and more claims are reported [14]. - Companies are encouraged to take advantage of the current low rate environment to lock in favorable insurance costs before rates increase [14].

21世纪经济报道记者 叶麦穗 A股董责险投保热情持续升温。2025年共有643家A股上市公司发布公告披露购买董责险计划，同比增加19%，延 续了快速增长趋势。其中，256家上市公司为首次披露购买董责险计划。截至2025年底，投保董责险的上市公司占比相较2024年底提升4个百分 点。 投保数量持续增加 去年末最后一份董责险来自英科医疗，公司公告称于2025年12月30日召开相关会议，审议通过了《关于拟购买董事、高级管理人员责任险的议 案》。为进一步完善风险管理体系，降低公司运营风险，促进公司董事、高级管理人员充分履职，保障广大投资者的利益，根据《上市公司治 理准则》等相关规定，公司拟为公司及全体董事、高级管理人员购买责任保险。保险支出为不超过人民币26万元/年（具体以保险公司最终报 价审批数据为准），赔偿限额为不超过人民币8,000万元/年。 上海市建纬律师事务所、险律科技（北京）有限公司等机构近日联合发布的《中国上市公司董责险市场报告（2026）》（以下简称《报告》） 显示，2025年共有643家A股上市公司发布公告披露购买董责险计划，同比增加19%，延续了快速增长趋势。其中，256家上市公司为首次披露 购买 ...

（文章来源：证券日报） 证券日报网讯 12月30日，英科医疗发布公告称，公司于2025年12月30日召开第四届董事会第十三次会 议，审议通过了《关于拟购买董事、高级管理人员责任险的议案》，公司拟为公司及全体董事、高级管 理人员购买责任保险。本事项尚需公司股东会审议通过。 ...

Core Viewpoint - The company held its sixth extraordinary general meeting of shareholders on December 25, 2025, where all proposals were approved without any objections or changes to previous resolutions [2][3]. Group 1: Meeting Details - The meeting was convened in Liling City, Hunan Province, and utilized both on-site and online voting methods, hosted by the company's chairman, Mr. Xu Junqi [4]. - A total of 4 shareholders and authorized representatives attended the meeting in person, representing 158,474,056 shares, which is 62.92% of the total voting shares [5]. - Online voting included 152 shareholders, representing 1,320,101 shares, accounting for 0.52% of the total voting shares [6]. Group 2: Voting Participation - Among the small and medium shareholders (those holding less than 5% of shares), 152 participated, representing 1,774,766 shares, or 0.70% of the total voting shares [7]. - Of these, 151 small shareholders voted online, representing 937,101 shares (0.37%), while 1 voted in person, representing 837,665 shares (0.33%) [7]. Group 3: Proposal Review and Voting Results - The proposal to establish a "Compensation Management System for Directors and Senior Management" was approved to enhance governance and management practices [8]. - The proposal for expected daily related transactions for 2026, totaling no more than 126.35 million yuan, was also approved [11]. - The proposal to amend the company's articles of association was passed with over two-thirds of the valid voting rights present at the meeting [13]. - The proposal to revise the "External Investment and Asset Management System" was approved to align with legal regulations and operational needs [14]. Group 4: Legal Opinions - The meeting's procedures were confirmed to comply with the Company Law and relevant regulations by Hunan Qiyuan Law Firm, ensuring the legality of the convening and voting processes [14]. Group 5: Documents for Reference - The resolutions from the sixth extraordinary general meeting and the legal opinion letter are available for review [15].

Meeting Overview - The second extraordinary general meeting of shareholders for Zhongyuan Neipei Group Co., Ltd. is scheduled for December 8, 2025, at 14:30 [1] - The meeting will be held both in-person and via online voting, with specific time slots for each voting method [1] - The record date for shareholders to participate is December 1, 2025 [1] Attendance - A total of 295 shareholders attended the meeting, representing 140,726,529 shares, which is 23.9164% of the total voting shares [1] - Among them, 11 shareholders attended in person, representing 136,790,618 shares (23.2475%), while 284 participated online, representing 3,935,911 shares (0.6689%) [2] - 289 small shareholders participated, representing 34,952,351 shares (5.9401%) [2] Proposals and Voting Results - The following proposals were approved during the meeting: 1. **External Investment Management System**: Approved by 139,575,629 shares (99.1822%) [4] 2. **Securities Investment Management System**: Approved by 139,485,129 shares (99.1179%) [5] 3. **External Guarantee Management Measures**: Approved by 139,455,129 shares (99.0965%) [6] 4. **Related Party Transaction Decision-Making System**: Approved by 139,586,529 shares (99.1899%) [7] 5. **External Financial Assistance Management System**: Approved by 139,451,829 shares (99.0942%) [8] 6. **Profit Distribution Management System**: Approved by 139,444,429 shares (99.0889%) [10] 7. **Appointment of Accounting Firm System**: Approved by 140,007,329 shares (99.4889%) [11] 8. **Cumulative Voting System Implementation Rules**: Approved by 140,005,029 shares (99.4873%) [12] 9. **Management System for Directors and Senior Management Compensation**: Approved by 140,001,529 shares (99.4848%) [13] Legal Opinion - The meeting was witnessed by lawyers from Beijing Dacheng Law Firm, confirming that the meeting's procedures complied with relevant laws and regulations [14]

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、董事会会议召开情况 山东金岭矿业股份有限公司（以下简称"公司"）第十届董事会第十三次会议（临时）通知于2025年11月 27日以专人书面送达、电子邮件的方式发出，2025年12月2日14:00以电子通信的方式召开，会议由董事 长迟明杰先生主持，公司高级管理人员列席本次会议。会议应出席董事八名，实际出席董事八名。会议 的召集及召开符合《公司法》《证券法》和《公司章程》的有关规定，会议决议合法有效。 二、董事会会议审议情况 表决结果：通过。 本议案属于关联事项，关联董事迟明杰先生、王其成先生、刘纯先生、吕永刚先生、宁革先生对此议案 的表决进行了回避。 第十届董事会独立董事专门会议第七次会议以3票同意，0票弃权，0票反对的表决结果，审议通过了本 议案。 经与会董事认真审议，会议审议并通过了以下议案： 1.审议通过《董事、高级管理人员离职管理办法》的议案 同意8票，反对0票，弃权0票。 表决结果：通过。 具体内容详见公司同日在巨潮资讯网（http://www.cnin ...

陕西能源投资股份有限公司（证券简称：陕西能源，证券代码：001286）于2025年11月25日召开第三届 董事会第三次会议，审议通过了《关于购买董事、高级管理人员责任险的议案》。因全体董事作为潜在 受益人需回避表决，该议案将直接提交公司2025年第三次临时股东会审议。此举标志着公司在完善合规 风险管理体系、保障管理层履职安全方面迈出重要一步。 强化治理体系建设 防范履职风险 陕西能源表示，本次购买董高责任险是完善公司风险管理体系的重要举措，有助于降低管理层履职风 险，保障公司持续稳定发展。公司将在股东会审议通过后尽快推进具体投保工作，并及时披露相关进 展。 点击查看公告原文>> 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 ...

Group 1 - The company announced the decision to purchase liability insurance for its directors and senior management to enhance its risk management system [2] - The board and supervisory committee meetings were held on November 18, 2025, where the proposal was approved [2] - The purpose of the liability insurance is to ensure that directors and senior management can perform their duties fully while reducing operational risks and protecting the interests of investors [2]

Core Viewpoint - Dahua Technology announced plans to purchase liability insurance for the company and all directors, senior management, and related responsible personnel [2] Group 1 - The announcement was made on the evening of November 7 [2] - The insurance purchase aims to cover potential liabilities for the company and its key personnel [2]