Beijing Compass Technology Development Co.Ltd(300803)
Description of confidentiality measures and systems adopted for this transaction
Beijing Compass Technology Development Co.Ltd(300803) (hereinafter referred to as “the company”), as the reorganization investor of Wangxin Securities Co., Ltd. (hereinafter referred to as “Wangxin securities”), intends to pay RMB 1.5 billion in cash to the manager of Wangxin securities to pay off the debts of Wangxin securities, and hold 100% of the shares of Wangxin securities after the reorganization (hereinafter referred to as “this transaction”). This transaction constitutes a major asset restructuring of the listed company. The company and the counterparties and relevant intermediaries involved in this transaction have adopted strict confidentiality measures and systems for this transaction, and effectively kept confidential the progress of this transaction and internal information, so as to protect the interests of all shareholders. The details are as follows:
1、 During the preliminary negotiation between the company and the counterparty on this transaction, the company has taken necessary confidentiality measures, formulated a strict confidentiality system, strictly controlled the scope of insiders, and urged relevant insiders to fulfill their confidentiality obligations.
2、 The company announced the major asset restructuring on March 17, 2022, and prepared relevant materials such as trading process memorandum and insider registration form in accordance with the requirements of China Securities Regulatory Commission and Shenzhen Stock Exchange.
3、 According to the provisions of laws and regulations such as the measures for the administration of major asset restructuring of listed companies issued by the CSRC, the company signed a confidentiality agreement with the intermediary institutions to be hired, such as independent financial consultants, accounting firms, law firms and asset appraisal companies, which clearly agreed on the scope and confidentiality responsibilities of confidential information.
4、 The company and the counterparty have repeatedly supervised and reminded the insiders of the inside information to fulfill their confidentiality obligations and responsibilities. Before the disclosure of the inside information according to law, they shall not disclose or disclose the information, nor use the inside information to buy or sell or suggest others to buy or sell the company’s shares.
Beijing Compass Technology Development Co.Ltd(300803) board of directors
March 17, 2022
