Integrity Management
The Company has formulated the "Procedures for Handling Material Internal Information and Guidelines for Establishment of Spokesperson as well as Deputy Spokespersons" to prevent improper disclosure of information. With a view to setting out clear and comprehensive internal regulations for the prevention of insider trading, the Company has also formulated the “Regulations Governing Prevention of Insider Trading”, which not only prohibits any personnel from trading securities through utilizing information not disclosed to the market, but also specifies the stock trading control measures, where Directors and the management are prohibited from trading stocks during the closed period prior to the publication of financial statements.
Implementation Status of Promotional and Training Programs
- Current directors, managers and employees will be educated on relevant laws and regulations at least once a year. When new directors or managers take office, we provide them with the "Insider Regulations Promotion Manual" that covers insider reporting obligations and prohibitions on insider trading. We also send quarterly official notice to internal personnel to provide guidance on preventing insider trading.
- At least 5 days prior to the commencement of the closed period before each quarterly financial report announcement, an official notice will be issued to all insiders, reminding them to refrain from trading CSC stocks during the closed period prior to the financial report announcement and within 18 hours following the announcement. In 2024, reminders were issued to directors and managers, instructing them to avoid trading CSC stocks during the closed periods preceding the annual and quarterly financial report announcements.
- Annual insider trading compliance promotion is conducted for all employees. In 2024, the Company has provided promotional presentations and E-learning course links to all Group employees through the internal electronic bulletin board, with over 2,000 views. These presentations provided guidance on the concept of prohibiting insider trading, case studies, legal responsibilities for violations, and practical Q&A, facilitating compliance.
Implementation Status of Legal Compliance
- In 2024, no directors, managers or employees of the Company were punished for violating insider trading related laws.
