Jincheng Pharmaceutical: Accountability system for major errors in annual report information disclosure
Shandong Jincheng Pharmaceutical Group Co., Ltd. Accountability System for Major Errors in Annual Report Information Disclosure
Shandong Jincheng Pharmaceutical Group Co., Ltd.
Accountability system for major errors in annual report information disclosure
Chapter 1 General Provisions
Article 1 In order to further improve the standardized operation level of Shandong Jincheng Pharmaceutical Group Co., Ltd. (hereinafter referred to as the "Company"), increase the accountability of those responsible for information disclosure in the company's annual report (hereinafter referred to as the "Annual Report"), improve the quality and transparency of the information disclosure in the annual report, and enhance the authenticity, accuracy, completeness and timeliness of the information disclosure in the annual report, according to the "People's Republic of China" This system is formulated based on the relevant provisions of the Securities Law, the Measures for the Administration of Information Disclosure of Listed Companies, the Code of Governance of Listed Companies, the Shenzhen Stock Exchange GEM Stock Listing Rules, and other laws, regulations, and normative documents, as well as the Articles of Association of Shandong Jincheng Pharmaceutical Group Co., Ltd. and the Information Disclosure Management System of Shandong Jincheng Pharmaceutical Group Co., Ltd., based on the actual situation of the company.
Article 2 The person in charge of the company's financial affairs, the person in charge of the accounting department, the financial accounting personnel, the heads of various departments and other relevant personnel shall strictly implement the Accounting Standards for Business Enterprises and relevant regulations, strictly abide by the company's internal control system related to financial reporting, and ensure that the financial report truly and fairly reflects the company's financial status, operating results and cash flow. Relevant personnel of the company shall not interfere with or hinder the audit institution and relevant certified public accountants from independently and objectively conducting annual report audits.
Article 3 If a company's directors, senior managers and other personnel related to annual report information disclosure violate relevant national laws, regulations, normative documents and company rules and regulations in the annual report information disclosure work, fail to perform their duties diligently or fail to perform their duties, resulting in major errors in annual report information disclosure, they shall be held accountable in accordance with the provisions of this system.
Article 4 Major errors in information disclosure in annual reports as referred to in this system include major accounting errors in annual financial reports, major errors or omissions in information disclosure in other annual reports, major differences in annual performance forecasts or performance reports, etc.
Article 5 If major errors occur in the annual report information disclosure, the company shall hold the relevant responsible persons accountable. The following principles shall be followed when carrying out liability investigation:
(1) The principles of objectivity, fairness and seeking truth from facts;
(2) The principle that those responsible must be held accountable and those who make mistakes must be held accountable;
(3) The principle of equality between power and responsibility, and between fault and responsibility;
(4) The principle of combining accountability and improvement work.
Shandong Jincheng Pharmaceutical Group Co., Ltd. Accountability System for Major Errors in Annual Report Information Disclosure
Chapter 2 Accountability for Major Errors in Information Disclosure in Annual Reports
Article 6 The person responsible shall be held accountable under any of the following circumstances:
(1) Violating the provisions of national laws and regulations such as the Company Law, Securities Law, and Accounting Standards for Business Enterprises, causing major errors in the annual report information disclosure or causing adverse effects;
(2) Violating the "Measures for the Administration of Information Disclosure by Listed Companies", the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the relevant annual report information disclosure guidelines, standards, notices, etc. issued by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, causing major errors or adverse effects in the annual report information disclosure;
(3) Violating the Articles of Association, the company's Information Disclosure Management System and other internal control-related systems of the company, causing major errors in the annual report information disclosure or causing adverse effects;
(4) Failure to follow the procedures for information disclosure in the annual report and causing major errors or adverse effects in the information disclosure of the annual report;
(5) Failure to communicate and report in a timely manner during the annual report information disclosure work, resulting in major mistakes or adverse effects;
(6) Other personal reasons cause major errors in the disclosure of annual report information or cause adverse effects.
Article 7 If a company corrects the annual financial report that has been published in previous years, it needs to hire an accounting firm that complies with the provisions of the Securities Law to audit the corrected annual financial report or conduct special verification of relevant corrections.
Article 8 Information disclosure to correct errors in financial information in previously publicly disclosed periodic reports shall comply with the relevant regulations of the Shenzhen Stock Exchange.
Article 9 When there are major accounting error corrections in the financial report, the company's audit department shall collect and summarize relevant information, investigate the reasons for liability, identify the liability, and formulate penalty opinions and rectification measures. The company's audit department shall formulate written materials detailing the content of the accounting errors, the nature and causes of the accounting errors, the impact of the correction of the accounting errors on the company's financial status and operating results and the corrected financial indicators, the re-audit by the accounting firm, and preliminary opinions on the identification of responsibility for major accounting errors. Afterwards, it is submitted to the Audit Committee of the Board of Directors for consideration. The company's board of directors makes special resolutions on the audit committee's proposals.
Article 10 If major errors occur in the annual report information disclosure, the company shall hold the relevant responsible persons accountable. In addition to holding directly responsible persons responsible for major errors in the disclosure of annual report information accountable, the chairman, president, and secretary of the board of directors bear primary responsibility for the authenticity, accuracy, completeness, timeliness, and fairness of the company's annual report information disclosure; the chairman, president, financial controller, and head of the accounting department bear primary responsibility for the authenticity, accuracy, completeness, timeliness, and fairness of the company's financial reports.
Article 11 Responsibility system for major errors in annual report information disclosure of Shandong Jincheng Pharmaceutical Group Co., Ltd. due to public condemnation and criticism by regulatory authorities
If measures are taken, the company's audit department should promptly verify the reasons, take corresponding corrective measures, and hold the relevant responsible persons accountable.
Article 12 Anyone who falls under any of the following circumstances shall be severely punished or aggravated.
(1) The circumstances are egregious, the consequences are serious, the impact is large, and the cause of the accident is caused by the subjective intention of the person responsible;
(2) Interfere with, hinder the investigation of the cause of the accident and the handling of the accident, attack, retaliate, or frame the investigators;
(3) Knowing the mistake but still not correcting it, causing the harmful consequences to expand;
(4) Major errors in annual report information disclosure occur multiple times;
(5) Other circumstances that the board of directors deems should be dealt with more severely or aggravated.
Article 13 Anyone who falls under any of the following circumstances shall be given a lighter, mitigated or exempted punishment:
(1) Effectively prevent adverse consequences;
(2) Taking the initiative to correct and recover all or most of the losses;
(3) It is indeed caused by non-subjective factors such as accidents and force majeure;
(4) Other circumstances that the board of directors deems should be mitigated, mitigated or exempted from punishment.
Article 14 Before investigating and punishing the responsible persons, the opinions of the responsible persons shall be heard and their rights of statement and defense shall be protected.
Article 15 The main forms of accountability for major errors in annual report information disclosure include:
(1) Circular criticism within the company;
(2) Warning, ordering correction and review;
(3) Transferred from the original job, suspended, demoted, or dismissed;
(4) Economic penalties;
(5) Termination of labor contract;
(6) Other forms determined by the company.
Article 16 The results of accountability for major errors in information disclosure in the annual report shall be included in the company's annual performance appraisal indicators for relevant departments and personnel.
Article 17 The resolution of the company's board of directors on the determination of responsibility and punishment for major errors in annual report information disclosure shall be disclosed to the public in the form of temporary announcements.
Chapter 3 Supplementary Provisions
Article 18 The accountability for major errors in information disclosure in quarterly reports and semi-annual reports shall be governed by the provisions of this system.
Shandong Jincheng Pharmaceutical Group Co., Ltd. Accountability System for Major Errors in Annual Report Information Disclosure
Article 19 This system is interpreted and revised by the Board of Directors and shall come into effect on the date of review and approval by the Board of Directors.