Shanxi Lu’An Environmental Energydev.Co.Ltd(601699)
Investor relations management system
Chapter I General principles
Article 1 in order to further strengthen the communication between Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) (hereinafter referred to as “the company”) and investors and potential investors (hereinafter referred to as “investors”), deepen investors’ understanding and recognition of the company, promote the benign relationship between investors and the company, improve the corporate governance structure, and maximize the value of the company and shareholders. This system is formulated in accordance with the guidelines on the relationship between listed companies and investors, the stock listing rules of Shanghai Stock Exchange, the articles of association and other relevant laws and regulations, and in combination with the actual situation of the company.
Article 2 investor relations management refers to the important work of the company to strengthen communication with investors through information disclosure and exchange, enhance investors’ understanding and recognition of the company, and improve the level of corporate governance, so as to maximize the overall interests of the company and protect the legitimate rights and interests of investors.
Article 3 the purpose of investor relations management:
（1） Strengthen communication with investors through full information disclosure to deepen investors’ understanding and recognition of the company;
（2） Form a corporate culture of respecting and being responsible to investors, and establish a good image of the capital market;
（3） Establish a good information collection and information release mechanism;
（4） Form an investment philosophy that promotes the maximization of the company’s overall interests and the growth of shareholders’ wealth.
Article 4 the basic principles of investor relations management:
（1） The principle of compliance disclosure of information. Comply with national laws and regulations and the provisions of securities regulatory authorities and stock exchanges on information disclosure of listed companies, and ensure that information disclosure is true, accurate, complete and timely. When carrying out investor relations work, attention shall be paid to the confidentiality of unpublished information and other internal information. In case of disclosure, the company shall disclose it in time in accordance with relevant regulations.
（2） The principle of full disclosure of information. In addition to mandatory information disclosure, the company may take the initiative to disclose information related to investors’ value judgment and investment decision-making, but it shall not conflict with the information disclosed according to law or mislead investors.
（3） The principle of equal opportunities for investors. Treat all shareholders and potential investors of the company fairly and avoid selective information disclosure.
（4） The principle of honesty and trustworthiness. Investor relations work should be objective, true and accurate, and avoid excessive publicity and misleading.
（5） The principle of high efficiency and low consumption. When choosing the way of communication between investors, we should fully consider how to reduce the cost and improve the working efficiency.
（6） Principles of interactive communication. Actively listen to the opinions and suggestions of investors, realize the two-way communication between the company and investors, and form a benign interaction.
Article 5 objects of investor relations work:
（1） Investors and actual controllers, securities analysts and industry analysts;
（2） Financial media, industry media and other relevant media;
（3） Other relevant institutions.
Chapter II Contents and methods of investor relations
Article 6 in the investor relations work, the communication between the company and investors mainly includes:
（1） The impact of changes in external business environment and policies on the industry and the company; （2） The company’s development strategy, including the company’s development direction, development plan, competitive strategy and business policy;
（3） Statutory information disclosure and its description, including regular reports, temporary announcements, etc; （4） Operation and management information that has been disclosed by the company or does not have a significant impact on the company’s share price and its description, including production and operation status, financial status, research and development of new products or technologies, business performance, dividend distribution, etc;
（5） Major events disclosed by the company, including major investments and changes of the company, asset restructuring, mergers and acquisitions, foreign cooperation, foreign guarantees, major contracts, related party transactions, major litigation or arbitration, changes in management and changes in major shareholders;
（6） Investors’ feedback on major events and daily operation of the company; （7） Corporate culture construction;
（8） Other relevant information of the company.
Article 7 main ways of communication between the company and investors:
（1） Announcement methods of the company, including regular reports and temporary announcements;
（2） The general meeting of shareholders;
（3） Company website and email;
（4） Receive investors’ visits and conduct face-to-face communication;
（5） Mailing the company introduction, brochures and other relevant materials requested by investors;
（6） Investor consultation telephone and fax;
（7） Network, television, newspapers and other media;
（8） Hold investor meeting and exchange meeting, and organize on-site investigation and visit of investors; （9） Analyst meetings and Roadshows;
（10） Website of Shanghai Stock Exchange and SSE e interactive platform;
（11） Performance presentation meeting;
（12） Other ways.
Article 8 the company shall communicate with investors in a timely, in-depth and extensive manner as much as possible, but pay attention to the confidentiality of trade secrets and undisclosed important information. The communication with investors should make full use of the network and other ways to improve the efficiency of communication and reduce the cost of communication.
Article 9 the company shall take the initiative to pay attention to the information collected by the SSE e interactive platform and other media reports on the company, and pay full attention to the possibility of stock price fluctuation caused by the media reports of the company.
Article 10 in addition to performing the obligation of information disclosure in accordance with the law, the company shall actively hold an investor briefing meeting to introduce the situation, answer questions and listen to suggestions to investors. Under the following circumstances, the company shall hold an investor briefing meeting in accordance with relevant regulations:
（1） The cash dividend level of the company in the current year does not meet the relevant provisions, 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 securities trading has abnormal fluctuations specified in relevant rules, and the company finds 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 disclosure of the annual report, the company shall hold an annual report performance explanation meeting in accordance with the relevant requirements of the CSRC and the exchange;
（6） Other circumstances where an investor briefing meeting should be held in accordance with the relevant requirements of the CSRC and the exchange.
Article 11 Where a company holds an investor briefing meeting, it shall adopt a way to facilitate the participation of investors. If it is held on site, it shall be broadcast live through the Internet and other channels at the same time. The company shall make a public announcement before the investor briefing meeting to explain the time, mode, place, website, list of attendees and theme of the investor relations activities.
The company shall open question channels for investors before and during the investor briefing meeting, collect investors’ questions, and respond to investors’ concerns at the briefing meeting.
The company personnel participating in the investor briefing meeting shall include the chairman (or general manager), the person in charge of finance, at least one independent director and the Secretary of the board of directors.
The Secretary of the board of directors of the company is the specific person in charge of the investor briefing meeting, and is specifically responsible for formulating and implementing the work plan for convening the investor briefing meeting.
Article 12 in carrying out investor relations management activities, the company shall take the publicly disclosed information as the exchange content.
If the investor relations activities involve or may involve stock price sensitive matters, undisclosed major information, or can infer undisclosed major information, the company shall inform the investors to pay attention to the company’s announcement and make necessary explanations on the information disclosure rules.
The company shall not replace information disclosure with communication in investor relations management activities. If the company inadvertently divulges important information that has not been publicly disclosed in the investor relations management activities, it shall immediately make an announcement in accordance with the law and regulations and take other necessary measures.
Article 13 the newspapers designated by the company to publicly disclose information are Shanghai Securities News, China Securities News, securities times and Securities Daily, or other newspapers and media designated by the CSRC and Shanghai Stock Exchange. The designated website is the website of Shanghai Stock Exchange http: / / www.sse com. cn。 The company will disclose the information that should be disclosed on the above newspapers and websites at the first time.
Article 14 the company shall hold an investor exchange meeting at least once a year according to the situation, introduce the production and operation situation to the investors and answer the questions of the investors.
The notice of holding the investor exchange meeting shall be issued in the form of announcement at least 2 trading days in advance.
Article 15 in the process of investor communication, timely obtain relevant information, formulate crisis public relations plan and investor communication plan, actively organize the implementation and do a good job of communication with investors after the occurrence of crisis events such as litigation, major reorganization, key personnel change, sharp profit fluctuation, stock trading change and natural disaster.
Article 16 when the company accepts the research of institutions and individuals engaged in securities analysis, consulting and other securities services, institutions and individuals engaged in securities investment (hereinafter referred to as research institutions and individuals):
（1） It shall properly carry out relevant reception work and perform corresponding information disclosure obligations according to regulations;
（2） The controlling shareholders, actual controllers, directors, supervisors, senior managers and other employees of the company 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 investigation in the whole process;
（3） For direct communication with research institutions and individuals, in addition to being invited to participate in the investment strategy analysis meeting held by institutions such as the Research Institute of securities companies, the company shall also require the research institutions and individuals to issue unit certificates, ID cards and other materials, and require them to sign a letter of commitment;
（4） The company shall form written research records on the research process and communication contents, and the personnel participating in the research and the Secretary of the board of directors shall sign for confirmation. If qualified, the investigation process can be recorded and videotaped.
Article 17 the company shall pay full attention to the relevant information of the SSE e interactive platform and pay attention to and strengthen the interaction and exchange with investors. The company shall assign and authorize special personnel to check the investors’ consultation, complaints and suggestions in time and reply.
If investors ask more questions or the company considers important questions, the company shall summarize and sort them out, and submit the questions and answers to the “hot questions” column of Shanghai Securities e interactive platform for display.
The company can hold “SSE e interview” regularly through the SSE e interactive platform, and the chairman, general manager, Secretary of the board of directors, financial director or other relevant personnel of the company can openly interact and communicate with all kinds of investors.
When publishing information on the SSE e interactive platform, the company shall be cautious and objective, take facts as the basis, ensure the authenticity, accuracy, integrity and fairness of the published information, and shall not use exaggerated, propaganda and misleading language.
Chapter III Organization and implementation of investor relations
Article 18 the chairman of the company is the first person responsible for the management of investor relations. Directors, general managers and other senior managers of the company shall actively participate in major investor relations activities.
Article 19 the Secretary of the board of directors is the person in charge and authorized spokesman of the company’s investor relations management affairs, and is responsible for the organization and coordination of investor relations management affairs.
Article 20 the information disclosure management department of the company is the functional department of investor relations management, which is led by the Secretary of the board of directors and is responsible for the following specific work of investor relations management:
（1） Make statistics and Analysis on the number, composition and changes of investors, and provide reports and suggestions on the company’s investor relations to the board of directors and management;
（2） Continuously pay attention to the opinions, suggestions, reports and other information of investors and media, and feed back to the board of directors and management of the company in time;
（3） Consulting with analysts, investors and media; Receive investors’ visits, keep regular contact with institutional investors and small and medium-sized investors, and improve investors’ attention to the company;
（4） Organize and arrange the specific matters of major investor relations activities such as investor meeting and exchange meeting and investor briefing meeting to ensure the communication effect of investor meeting and exchange meeting;
（5） Disclose the company’s internal information in accordance with the company’s internal production and management regulations, and timely summarize the company’s internal information according to the company’s internal production and management regulations;
（6） Arrange special personnel to answer the investor hotline, reply to the investor’s email and fax, and introduce the company to the investors in a timely and comprehensive manner; In case of any change in the consultation telephone number, it shall be announced to the investors in time;
（7） Preside over the preparation, printing, sending and disclosure of the company’s annual report, interim report and quarterly report;
（8） Preside over the preparation and disclosure of the company’s temporary announcement;
（9） Be responsible for the maintenance and management of the company’s website, the website of Shanghai Stock Exchange and the SSE e interactive platform, timely disclose and update the company’s public information, and set up a special column on investor relations to facilitate investors’ inquiry and consultation;
（10） Maintain communication and contact with regulatory authorities, stock exchanges, industry associations, institutional investors, industry and securities analysts, investor relations management departments of other listed companies, professional investor relations management consulting companies, financial companies and other relevant institutions to form good cooperation and exchange relations;
（11） Maintain and strengthen the cooperative relationship with relevant media, pay attention to the publicity and reports of the media in time, and guide the media to report the business activities of the company objectively and impartially;
（12） Organize the study and training of the company’s internal investor relations management;
（13） Cooperate with relevant departments of the company to put forward and implement effective treatment plans after major events such as litigation, major reorganization, changes in key personnel, changes in stock trading and major changes in business environment, and actively maintain the public image of the company;
（14） Other work conducive to improving investor relations.
Article 21 the corporate governance business management department is the auxiliary Department of investor relations management. Under the leadership of the Secretary of the board of directors, it is responsible for the following investor relations management: (1) make preparations for the general meeting of shareholders, the board of directors, the board of supervisors and other meetings; （2） Cooperate
