Qizheng Tibetan Medicine: Investor Relations Management System (November 2025)
Tibet Qizheng Tibetan Medicine Co., Ltd.
Investor Relations Management System
Chapter 1 General Provisions
Article 1 In order to implement the principles of openness, fairness and impartiality in the securities market, standardize the reception and promotion behavior and management of Tibet Qizheng Tibetan Medicine Co., Ltd. (hereinafter referred to as the "Company"), and strengthen the company's promotion and exchanges and communication with the outside world, in accordance with the "Company Law", "Securities Law", China Securities Regulatory Commission "Listed Companies" Information Disclosure Management Measures, "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 - Standardized Operations of Main Board Listed Companies" and "Articles of Association of Tibet Qizheng Tibetan Medicine Co., Ltd." (hereinafter referred to as "Articles of Association") and other regulations, and based on the actual situation of the company, this management system is specially formulated.
Article 2 When the company and its controlling shareholders, actual controllers, directors, senior managers and staff carry out investor relations management work, they shall abide by laws, regulations and the relevant provisions of the Shenzhen Stock Exchange, reflect the principles of fairness, impartiality and openness, and introduce and reflect the actual situation of the company objectively, truthfully, accurately and completely. The following situations shall not occur:
(1) Disclose or publish through means other than qualified media significant information that has not been publicly disclosed;
(2) Publish false or misleading content, make exaggerated propaganda and misleading tips;
(3) Making expectations or commitments regarding the prices of the company’s stocks and their derivatives;
(4) Discrimination, contempt and other unfair treatment of small and medium-sized shareholders;
(5) Other violations of information disclosure rules or suspected manipulation of the securities market, insider trading and other illegal activities.
Article 3 When a company carries out investor relations management activities, it shall use publicly disclosed information as communication content, and shall not reveal or divulge in any way any major information that has not been publicly disclosed.
If investor relations activities involve or may involve stock price-sensitive matters, major information that has not been publicly disclosed, or questions that can be inferred from major information that has not been publicly disclosed, the company should inform investors to pay attention to the company's announcements and provide necessary explanations on the information disclosure rules.
Article 4 Companies shall not replace formal information disclosure with communication during investor relations management activities. If a company accidentally leaks undisclosed material information during investor relations management activities, it shall immediately issue an announcement through qualified media and take other necessary measures.
Article 5 The secretary of the board of directors is responsible for organizing and coordinating investor relations management work. Other directors, officers and employees of the Company should refrain from speaking on behalf of the Company at investor relations events unless expressly authorized and trained to do so.
Article 6 The company’s investor relations management staff shall have the necessary professional knowledge and good professional qualities to perform their duties. Companies should regularly conduct systematic training on investor relations management for controlling shareholders, actual controllers, directors, senior managers and relevant personnel to enhance their understanding of relevant laws and regulations, relevant rules of the Shenzhen Stock Exchange and company rules and regulations.
Article 7 A company shall establish a complete investor relations management file system when conducting investor relations activities. The investor relations management files shall at least include the following contents:
(1) Participants, time and location of investor relations activities;
(2) Communication content of investor relations activities;
(3) The handling process and accountability for undisclosed major information leaks (if any);
(4) Other contents.
Investor relations management files should be classified according to the investor relations management method, and relevant records, on-site recordings, presentations, documents provided at events (if any) and other documents and materials should be archived and properly kept, and the retention period should not be less than three years.
Article 8 The company shall publish the company's website address and consultation telephone number in its periodic reports. When the website address or consultation telephone number changes, the company shall make an announcement in a timely manner.
The company shall ensure that external communication channels such as consultation telephones, faxes and e-mails are open, ensure that consultation telephone calls are answered by dedicated personnel during working hours, and provide timely replies and feedback of relevant information to investors in an effective manner.
Article 9 Companies should establish and improve relevant systems and procedures for investor relations management activities to ensure the fairness of information disclosure:
(1) The company formulates a reception and promotion system, which should at least include organizational arrangements for reception and promotion, activity content arrangements, personnel arrangements, provisions prohibiting unauthorized disclosure, disclosure or leakage of undisclosed major information, etc.;
(2) The company shall formulate an information disclosure registration system and record in detail the research, communication, interview and other activities that accept or invite specific objects. The content shall at least include the time, place, method (written or oral) of the event, the names of both parties, the content of the company discussed during the activities, the relevant information provided, etc. The company shall disclose the information disclosure registration status in regular reports;
(3) The company should make public the relevant systems for investor relations management activities.
Article 10 The company shall strictly review the information communicated to the outside world through informal announcements and set up review or recording procedures to prevent the leakage of undisclosed major information. Informal announcements include: shareholders’ meetings, press conferences, and product promotion meetings; media interviews by the company or relevant individuals; direct or indirect press releases to the media; company (including subsidiaries) websites and internal publications; director and senior management blogs, Weibo, WeChat and other social media; written or oral communication with specific investors and securities analysts; various other forms of external publicity and reports by the company; and other forms recognized by the Shenzhen Stock Exchange.
Chapter 2 Forms and Requirements of Investor Relations Management
Article 11 A company may establish a communication mechanism for major events with investors through the company’s official website, the website of the Shenzhen Stock Exchange and the Shenzhen Stock Exchange’s investor relations interactive platform (hereinafter referred to as the Interactive Platform), new media platforms, telephones, faxes, emails, investor education bases, etc., and in the form of shareholders’ meetings, investor briefings, road shows, investor surveys, securities analyst surveys, etc.
Article 12 The company may set up an investor relations management column on its official website to publish and update information related to investor relations management work.
Article 13 The company shall provide convenience for small and medium-sized shareholders and institutional investors to visit the company for on-site visits, discussions and communication, arrange the activities reasonably and properly, isolate information, and shall not expose visitors to major information that has not been publicly disclosed.
Article 14 The company shall assume the primary responsibility for handling investor complaints, improve the complaint handling mechanism, and properly handle investor demands.
Disputes between companies and investors can be resolved through negotiation on their own, apply to a mediation organization for mediation, apply to an arbitration institution for arbitration, or file a lawsuit with the People's Court.
Article 15 The company shall pay full attention to the information on the Huayi platform and various media reports on the company, pay full attention to and perform in accordance with the law the information disclosure obligations caused or likely to be caused by relevant information and reports.
Article 16 The company shall prepare an investor relations activity record form in a timely manner after the investor briefing, performance briefing, analyst meeting, road show and other investor relations activities, and publish it on the Interactive Platform and the company website (if any) before the market opens on the next trading day. The activity record sheet should at least include the following contents:
(1) Activity participants, time, place, and form;
(2) Communication content and specific Q&A records;
(3) A statement on whether this activity involves significant information that should be disclosed;
(4) Presentations, documents provided and other attachments used during the event (if any);
(5) Other contents required by Shenzhen Stock Exchange.
Chapter 3 Investor Briefing Meeting
Article 17 When a company holds an investor briefing, it shall do so in a manner that is convenient for investors to participate. The company shall issue an announcement before the investor briefing meeting to explain the time, method, location, website address, list of company attendees, and activity themes of investor relations activities.
In principle, investor briefings should be held during non-trading hours.
The company shall open channels for investors to ask questions before and during the investor briefing, do a good job of collecting questions from investors, and respond to investors' concerns at the briefing.
Article 18 Company personnel participating in investor briefings shall include the company's chairman (or president), financial officer, independent directors and board secretary.
Article 19 In addition to fulfilling information disclosure obligations in accordance with the law, companies should actively hold investor briefings to introduce the situation to investors, answer questions, and listen to suggestions. If the following circumstances exist, the company shall promptly hold an investor briefing:
(1) The company’s cash dividend level for the current year does not meet relevant regulations and the reasons need to be explained;
(2) The company terminates the reorganization after disclosing the reorganization plan or reorganization report;
(3) The company's stock transactions experience abnormal fluctuations stipulated in relevant rules, and the company discovers that there are undisclosed major events after verification;
(4) Major events related to the company are highly concerned or questioned by the market;
(5) After the company discloses its annual report, it shall hold an annual report performance briefing meeting in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange;
(6) Other circumstances in which an investor briefing meeting should be held in accordance with the provisions of the China Securities Regulatory Commission and the Shenzhen Stock Exchange.
Article 20 A company may hold an annual report performance briefing within fifteen trading days after the annual report is disclosed to explain the company's industry status, development strategy, production and operations, financial status, dividends, risk factors and other content that investors are concerned about.
Article 21 Before the shareholders’ meeting reviews the specific cash dividend plan, the company shall proactively communicate with shareholders, especially small and medium-sized shareholders, through multiple channels, fully listen to the opinions and demands of small and medium-sized shareholders, and promptly respond to issues of concern to small and medium-sized shareholders.
Chapter 4 The company accepts research
Article 22 When a company accepts research from institutions and individuals engaged in securities analysis, consulting and other securities services, or institutions and individuals engaged in securities investment (hereinafter referred to as research institutions and individuals), it shall properly carry out relevant reception work and perform corresponding information disclosure obligations in accordance with regulations.
Article 23 Companies, research institutions and individuals shall not use research activities to engage in market manipulation, insider trading or other illegal activities.
Article 24 The company’s controlling shareholders, actual controllers, directors, senior managers and other employees shall inform the secretary of the board of directors before accepting the investigation. In principle, the secretary of the board of directors shall participate in the entire process.
Article 25 If a company communicates directly with research institutions and individuals, except when invited to participate in investment strategy analysis meetings held by securities company research institutes and other institutions, the company shall require the research institutions and individuals to provide information such as unit certificates and ID cards, and require them to sign a letter of commitment. The letter of commitment should at least include the following contents:
(1) Do not intentionally inquire about the company’s undisclosed major information, and do not communicate or inquire with persons other than designated personnel of the company without the company’s permission;
(2) Do not disclose any undisclosed major information obtained inadvertently, and do not use the undisclosed major information obtained to buy or sell or recommend others to buy or sell the company's stocks and their derivatives;
(3) Do not use undisclosed material information in investment value analysis reports and other research reports, press releases and other documents, unless the company discloses the information at the same time;
(4) If investment value analysis reports and other research reports involve profit forecasts and stock price forecasts, indicate the source of the data and do not use subjective assumptions and data lacking factual basis;
(5) Notify the company before the investment value analysis report and other research reports, press releases and other documents are released or used;
(6) Clarify the responsibilities for breach of commitments.
Article 26 The company shall form a written survey record of the survey process and communication content, and the personnel participating in the survey and the secretary of the board of directors shall sign and confirm. The company can audio and videotape the research process.
Article 27 The company shall establish a post-verification procedure for accepting investigations, clarify the response measures and processing procedures for the leakage of undisclosed major information, and require research institutions and individuals to inform the company of investment value analysis reports and other research reports, press releases and other documents based on communication before they are released or used.
If the company discovers during the verification that the documents specified in the preceding paragraph contain erroneous or misleading records, it shall require it to make corrections. If the other party refuses to make corrections, the company shall promptly make an announcement to the public and explain; if it discovers that the aforementioned documents involve undisclosed material information, it shall immediately report and make an announcement to the Shenzhen Stock Exchange. It also requires research institutions and individuals not to disclose the information to the public before the company's official announcement, and clearly inform them that they may not buy or sell or recommend others to buy or sell the company's stocks and their derivatives during this period.
Article 28 The company accepts investigations or interviews from news media and other institutions or individuals, and shall refer to the provisions of this system.
The company's controlling shareholders and actual controllers shall comply with the provisions of this system when accepting company-related surveys or interviews.
Chapter 5 Interactive Easy Platform
Article 29 Companies should communicate with investors through various channels such as the Interactive Platform, and designate or authorize dedicated personnel to promptly view and process relevant information on the Interactive Platform.
Companies should conduct full, in-depth, and detailed analysis, explanations, and responses to investors' questions about disclosed information.
When companies publish information on the Huayi platform and respond to investor questions, they should focus on integrity, respect and treat all investors equally, proactively strengthen communication with investors, enhance investors' understanding and recognition of the company, and create a healthy market ecosystem.
A company's actions such as publishing information on the Interactive Platform or responding to investor questions cannot replace its due information disclosure obligations. Companies are not allowed to answer investor questions on the Interactive Platform that involve or may involve undisclosed material information.
When a company releases information or responds to investor questions on the Huayi platform, it shall ensure the fairness of releasing information and responding to investor questions, respond seriously and promptly to all questions raised in compliance with laws and regulations, and shall not selectively release information or respond to investor questions. For important or general questions and answers, the company should organize them and publish them in a prominent manner on the Huayi platform.
Article 30 When a company releases information or responds to investor questions on the Huayi platform, it shall be cautious, rational, objective, based on facts, and ensure the authenticity, accuracy, completeness and fairness of the information released. It shall not use exaggerated, promotional or misleading language, shall focus on the effect of communication and interaction with investors, and shall not mislead investors. If there are uncertainties in the matters involved, the company should fully warn of the possible uncertainties and risks in the relevant matters.
The company's information disclosure shall be based on the content disclosed through qualified media. The information released on the Interactive Platform shall not conflict with the information disclosed in accordance with the law.
Article 31 When a company publishes information on the Huayi platform and responds to questions involving market hot concepts or sensitive matters, it must be cautious, objective and factually based. It must not use the Huayi platform to cater to market hot spots or improperly relate to market hot spots. It must not deliberately exaggerate the impact of relevant matters on the company's production and operation, research and development innovation, procurement and sales, major contracts, strategic cooperation, development planning and industry competition, or improperly affect the price of the company's stock and its derivatives.
Article 32 When a company publishes information on the Huayi platform or responds to investor questions, it shall not publish information that violates public order and good customs or harms public interests, nor may it publish information that involves state secrets, commercial secrets, etc. that are not suitable for disclosure. If the company has confidentiality obligations to suppliers, customers, etc., it should carefully determine whether the information to be released or the content of the reply violates confidentiality obligations.
Article 33 When a company publishes information on the Huayi platform or responds to investor questions, it shall not make predictions or promises about the price of the company's stocks and its derivatives, nor may it use the published information or respond to investor questions to engage in market manipulation, insider trading or other illegal activities that affect the normal trading of the company's stocks and its derivatives.
Article 34 If the information or reply content released by the company on the Interactive Platform is widely questioned by the market, is widely reported by public media, and involves abnormal fluctuations in the company's stock and its derivatives transactions, the company shall pay attention and promptly perform the corresponding information disclosure obligations.
Article 35 The company shall establish and strictly implement an internal review system for information release and reply on the Interactive Platform, and clarify the review procedures for release and reply. Systems involving the aforementioned content shall be reviewed and approved by the company's board of directors and disclosed.
The secretary of the company's board of directors shall review the information released on the Huayi platform or involved in responding to investors' questions in accordance with the procedures stipulated in the internal system. Without review, the company is not allowed to release information to the outside world or respond to investor questions.
Chapter 6 Supplementary Provisions
Article 36 The company may hire professional investor relations consultants to consult, plan and handle investor relations when it deems it necessary and conditional.
Article 37 If the company and its directors, senior managers, shareholders, actual controllers and other relevant information disclosure obligors violate the provisions of this system during investor relations activities stipulated in this system, they shall bear corresponding responsibilities.
Article 38 The term “less than” in this system does not include the original number.
Article 39 Matters not covered by this system shall be implemented in accordance with relevant laws, regulations, normative documents and the "Articles of Association" and other relevant provisions; if this system conflicts with promulgated laws, regulations, normative documents or the "Articles of Association" that have been modified through legal procedures, the provisions of relevant laws, regulations, normative documents and the "Articles of Association" shall be implemented.
Article 40 The company’s board of directors is responsible for interpreting this system.
Article 41 This system will take effect from the date it is reviewed and approved by the company's board of directors, and the same applies when it is modified.
Tibet Qizheng Tibetan Medicine Co., Ltd.
November 2025