EX-11.1 5 ea021874901ex11-1_zhibao.htm INSIDER TRADING POLICY

展覽11.1

 

內部人士 交易合規手冊

 

致保科技公司。

 

採納日期:2024年3月29日

 

爲了積極參與預防其高管、董事、員工、顧問、律師、顧問和其他相關人員的內幕交易違規行爲,董事會(以下簡稱"董事會致保科技公司(以下簡稱「公司」),這家註冊在開曼群島的公司,已採納了此內幕交易合規手冊中描述的政策和程序。公司已採納了本內部交易合規手冊中描述的政策和程序。

 

I.內幕交易政策的採納.

 

自上述首次編寫之日期起生效,董事會已通過附上的內幕交易政策。 展品 A (根據董事會可能不時修訂的“),該政策禁止基於關於在美國上市或報價的公司或任何其他公司的「重大非公開信息」的交易。政策重大非公開信息重大非公開信息”).

 

本政策適用於公司及其子公司的所有高管和董事、公司及其子公司的所有其他僱員、公司或其子公司的顧問或承包商、以及公司可能接觸或可能有機會接觸重要非公開信息的個人或實體關聯方,以及任何此類人的直系家庭成員或同住家庭成員。涵蓋人員此政策(和/或其摘要)應在涉及與公司建立關係時交付給所有適用的被覆蓋人員。

 

II.某些人員的任命.

 

A. 個人 受本政策約束. 所有板塊的人員都受本政策約束,包括第IV.A節中描述的預先審批要求。

 

D. 解僱後的交易。即使員工、官員或董事已經辭職或終止就業,該政策仍適用於公司證券交易。如果辭職或離開公司的人在那時持有重要的非公開信息,則他或她在這些信息變得公開或不再重要之前不能交易公司證券。

 

III.內幕交易合規官任命.

 

通過採納本政策,董事會已經任命首席財務官爲內幕交易合規主管("合規官員”).

 

 

 

 

IV.合規主管的職責.

 

合規主管已經由董事會指定負責處理與公司內幕交易合規計劃有關的任何事宜。其中一些職責可能需要外部律師提供專業的有關證券問題和相關法律方面的意見。合規主管的職責應包括以下內容:

 

A. 預先清算所有牽涉公司證券的交易,以便判斷符合政策、內幕交易法律以及《1933年證券法修正案》下制定的規則144。規則144。請查閱附件中的預先清算檢查表,以協助合規主管履行此職責。附件B 是一份預先清算檢查表,用於幫助合規主管履行該職責。

 

b. 協助 就1934年 證券交易法第13段修訂版(下稱“"使擁有公司註冊證券類別10%以上股權的官員、董事或實際股東代表簽署人遞交表格3、4和5(包括修正版及有關聯合遞交協議),符合證券交易法案第16(a)條及其下屬規則規定的要求;”)而言,所有板塊都應注意,要意識到,這些報告的準備和提交僅代表公司的一種禮貌,所有板塊自行(而非公司、其員工或顧問)應完全負責這些報告的內容和提交,並對證券交易法第13段及相關規定的任何違規行爲負責。

 

C. 在公司擔任指定接收者,接收證券交易委員會("SEC”)規定的被覆蓋人士根據《交易所法令》提交的報告副本。

 

D. 定期審查可用材料,可能包括144表格、董事和董事會調查問卷,以及從公司股票管理人和過戶代理處收到的報告,以判斷董事、董事和其他可能接觸或可能接觸到重大非公開信息的人員的交易活動。

 

E. 將政策(或摘要)每年向所有被覆蓋人員傳閱,並向新任職官員、董事以及其他可能接觸到重要非公開信息的人員提供政策和其他適當材料。

 

協助董事會執行政策及所有相關公司政策。

 

協調與公司內部或外部法律顧問就所有證券合規事項進行溝通。

 

H. 保留所有適當的證券報告副本,並保留作爲合規主管的活動記錄。

 

[下一頁出現的致謝]

 

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確認

 

我在此確認 我已收到一份致保科技公司的副本。 內幕交易合規手冊 (「本登記聲明」) 由特立軟件股份有限公司,一家德拉華州股份公司 (以下簡稱爲「本公司」) 提交,目的是爲了註冊其額外的7,184,563股A類普通股,每股面值$0.0001 (以下簡稱爲「A類普通股」), 以及在特立軟件股份有限公司 2022年股權激勵計劃下可發行股份的1,436,911股A類普通股,注(下文簡稱爲「A類普通股」)。內幕交易手冊此外,我保證已閱讀內幕交易手冊,理解其中包含的政策和程序,並同意受其約束並遵守這些政策和程序。

 

日期: 2024年6月4日_____________________    
    簽名
    姓名:

 

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附錄 A

 

致保科技公司。

 

內部人士交易政策

關於公司證券交易的指南和規定

 

政策適用性

 

本政策適用於公司證券的所有交易,包括普通股、期權和warrants購買普通股的期權,以及公司可能不時發行的其他任何證券,如優先股、warrants和可轉換票據,以及與公司股票有關的衍生證券,無論是否由公司發行,比如交易所交易的期權。本政策適用於公司的所有高管和董事、所有其他僱員及其子公司的僱員,以及可能接觸或可能接觸到關於公司的內幕非公開信息(如下所定義)的公司或其子公司的顧問或承包商,以及這些人的直系家庭成員或同住家人。本政策中有時將這群人稱爲“內部人員”。 本政策還適用於從任何內幕人士處接收內幕非公開信息的任何人。

 

任何持有公司相關的內幕信息的人,只要這些信息還沒有公開,就被視爲內部人員。

 

「內幕信息」的定義

 

無法定義所有材料信息的類別。然而,美國最高法院和其他聯邦法院已判定,如果存在 a 相當可能性 那 一個 合理的投資者:

 

(1)在做出投資決策時會認爲這些信息很重要;

 

(2)會認爲這些信息已經顯著改變了有關公司的「全部信息總和」.

 

「非公開信息」是指尚未向普通大衆披露並且普通大衆無法獲得的信息。

 

儘管判斷特定信息是否爲重要可能有一定困難,但有一些特別敏感的信息類別通常應被視爲重要。此外,重要信息可能是積極的或消極的。此類信息的例子可能包括:

 

財務業績

 

公司股票交易所上市或SEC監管問題相關信息

 

公司產品監管審查信息

 

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知識產權和其他專有/科學信息

 

未來收益或損失預測

 

重大合同獲得、取消或註銷

 

與第三方的合資企業/商業合作伙伴關係

 

研究里程碑及相關付款或版稅

 

待處理或擬議合併或收購的消息

 

處置有形資產的新聞

 

潛在的破產或財務流動性問題

 

重要客戶或供應商的增減損失

 

重要性質的新產品公告

 

重大定價變動

 

拆股並股

 

新的股權或債務發行

 

由於實際或可能的訴訟而造成的重大訴訟風險

 

公司高級管理層或董事會的變動

 

資本投資計劃

 

股息政策變更

 

CERTAIN EXCEPTIONS

 

For purposes of this Policy:

 

1. Stock Options Exercises. For purposes of this Policy, the Company considers that the exercise of stock options under the Company’s stock option plans (but not the sale of the underlying stock) to be exempt from this Policy. This Policy does apply, however, to any sale of stock as part of a broker-assisted “cashless” exercise of an option, or any market sale for the purpose of generating the cash needed to pay the exercise price of an option.

 

2. 401(k) Plan. This Policy does not apply to purchases of Company stock in the Company’s 401(k) plan resulting from periodic contributions of money to the plan pursuant to payroll deduction elections. This Policy does apply, however, to certain elections that may be made under the 401(k) plan, including (a) an election to increase or decrease the percentage of periodic contributions that will be allocated to the Company stock fund, if any, (b) an election to make an intra-plan transfer of an existing account balance into or out of the Company stock fund, (c) an election to borrow money against a 401(k) plan account if the loan will result in a liquidation of some or all of a participant’s Company stock fund balance and (d) an election to pre-pay a plan loan if the pre-payment will result in allocation of loan proceeds to the Company stock fund.

 

3. Employee Stock Purchase Plan. This Policy does not apply to purchases of Company stock in the Company’s employee stock purchase plan, if any, resulting from periodic contributions of money to the plan pursuant to the elections made at the time of enrollment in the plan. This Policy also does not apply to purchases of Company stock resulting from lump sum contributions to the plan, provided that the participant elected to participate by lump-sum payment at the beginning of the applicable enrollment period. This Policy does apply to a participant’s election to participate in or increase his or her participation in the plan, and to a participant’s sales of Company stock purchased pursuant to the plan.

 

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4. Dividend Reinvestment Plan. This Policy does not apply to purchases of Company stock under the Company’s dividend reinvestment plan, if any, resulting from reinvestment of dividends paid on Company securities. This Policy does apply, however, to voluntary purchases of Company stock that result from additional contributions a participant chooses to make to the plan, and to a participant’s election to participate in the plan or increase his level of participation in the plan. This Policy also applies to his or her sale of any Company stock purchased pursuant to the plan.

 

5. General Exceptions. Any exceptions to this Policy other than as set forth above may only be made by advance written approval of each of: (i) the Company’s President or Chief Executive Officers, (ii) the Company’s Insider Trading Compliance Officer and (iii) the Chairman of the Governance and Nominating Committee of the Board. Any such exceptions shall be immediately reported to the remaining members of the Board.

 

STATEMENT OF POLICY

 

General Policy

 

It is the policy of the Company to prohibit the unauthorized disclosure of any nonpublic information acquired in the workplace and the misuse of Material Nonpublic Information in securities trading related to the Company or any other company.

 

Specific Policies

 

1. Trading on Material Nonpublic Information. With certain exceptions, no Insider shall engage in any transaction involving a purchase or sale of the Company’s or any other company’s securities, including any offer to purchase or offer to sell, during any period commencing with the date that he or she possesses Material Nonpublic Information concerning the Company, and ending at the close of business on the second Trading Day following the date of public disclosure of that information, or at such time as such nonpublic information is no longer material. However, see Section 2 under “Permitted Trading Period” below for a full discussion of trading pursuant to a pre-established plan or by delegation.

 

As used herein, the term “Trading Day” shall mean a day on which national stock exchanges are open for trading.

 

2. Tipping. No Insider shall disclose (“tip”) Material Nonpublic Information to any other person (including family members) where such information may be used by such person to his or her profit by trading in the securities of companies to which such information relates, nor shall such Insider or related person make recommendations or express opinions on the basis of Material Nonpublic Information as to trading in the Company’s securities.

 

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Regulation FD (Fair Disclosure) is an issuer disclosure rule implemented by the SEC that addresses selective disclosure of Material Nonpublic Information. The regulation provides that when the Company, or person acting on its behalf, discloses material nonpublic information to certain enumerated persons (in general, securities market professionals and holders of the Company’s securities who may well trade on the basis of the information), it must make public disclosure of that information. The timing of the required public disclosure depends on whether the selective disclosure was intentional or unintentional; for an intentional selective disclosure, the Company must make public disclosures simultaneously; for a non-intentional disclosure the Company must make public disclosure promptly. Under the regulation, the required public disclosure may be made by filing or furnishing a Form 6-K, or by another method or combination of methods that is reasonably designed to effect broad, non-exclusionary distribution of the information to the public.

 

It is the policy of the Company that all public communications of the Company (including, without limitation, communications with the press, other public statements, statements made via the Internet or social media outlets, or communications with any regulatory authority) be handled only through the Company’s President and/or Chief Executive Officer (the “CEO”), an authorized designee of the CEO or the Company’s public or investor relations firm. Please refer all press, analyst or similar requests for information to the CEO and do not respond to any inquiries without prior authorization from the CEO. If the CEO is unavailable, the Company’s Chief Financial Officer (or the authorized designee of such officer) will fill this role.

 

3. Confidentiality of Nonpublic Information. Nonpublic information relating to the Company is the property of the Company and the unauthorized disclosure of such information (including, without limitation, via email or by posting on Internet message boards, blogs or social media) is strictly forbidden.

 

4. Duty to Report Inappropriate and Irregular Conduct. All employees, and particularly managers and/or supervisors, have a responsibility for maintaining financial integrity within the company, consistent with generally accepted accounting principles and both federal and state securities laws. Any employee who becomes aware of any incidents involving financial or accounting manipulation or irregularities, whether by witnessing the incident or being told of it, must report it to their immediate supervisor and to any member of the Company’s Audit Committee. In certain instances, employees are allowed to participate in federal or state proceedings. For a more complete understanding of this issue, employees should consult their employee manual and/or seek the advice from their direct report or the Company’s principal executive officers (who may, in turn, seek input from the Company’s outside legal counsel).

 

POTENTIAL CRIMINAL AND CIVIL LIABILITY

AND/OR DISCIPLINARY ACTION

 

1. Liability for Insider Trading. Insiders may be subject to penalties of up to $5,000,000 for individuals (and $25,000,000 for a business entity) and up to twenty (20) years in prison for engaging in transactions in the Company’s securities at a time when they possess Material Nonpublic Information regarding the Company. In addition, the SEC has the authority to seek a civil monetary penalty of up to three times the amount of profit gained or loss avoided by illegal insider trading. “Profit gained” or “loss avoided” generally means the difference between the purchase or sale price of the Company’s stock and its value as measured by the trading price of the stock a reasonable period after public dissemination of the nonpublic information.

 

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2. Liability for Tipping. Insiders may also be liable for improper transactions by any person (commonly referred to as a “tippee”) to whom they have disclosed Material Nonpublic Information regarding the Company or to whom they have made recommendations or expressed opinions on the basis of such information as to trading in the Company’s securities. The SEC has imposed large penalties even when the disclosing person did not profit from the trading. The SEC, the stock exchanges and the National Association of Securities Dealers, Inc. use sophisticated electronic surveillance techniques to monitor and uncover insider trading.

 

3. Possible Disciplinary Actions. Individuals subject to the Policy who violate this Policy shall also be subject to disciplinary action by the Company, which may include suspension, forfeiture of perquisites, ineligibility for future participation in the Company’s equity incentive plans and/or termination of employment.

 

PERMITTED TRADING PERIOD

 

1. Black-Out Period and Trading Window.

 

To ensure compliance with this Policy and applicable federal and state securities laws, the Company requires that all officers, directors, members of the immediate family or household of any such person and others who are subject to this Policy refrain from conducting any transactions involving the purchase or sale of the Company’s securities, other than during the period in any semi-annual period commencing at the close of business on the second Trading Day following the date of public disclosure of the financial results for the prior semi-annual period or year and ending on the twenty-fifth day of the sixth month of the semi-annual period (the “Trading Window”). If such public disclosure occurs on a Trading Day before the markets close, then such date of disclosure shall be considered the first Trading Day following such public disclosure.

 

It is the Company’s policy that the period when the Trading Window is “closed” is a particularly sensitive period of time for transactions in the Company’s securities from the perspective of compliance with applicable securities laws. This is because Insiders will, as any semi-annual period progresses, are increasingly likely to possess Material Nonpublic Information about the expected financial results for the semi-annual period. The purpose of the Trading Window is to avoid any unlawful or improper transactions or the appearance of any such transactions.

 

It should be noted that even during the Trading Window any person possessing Material Nonpublic Information concerning the Company shall not engage in any transactions in the Company’s (or any other companies, as applicable) securities until such information has been known publicly for at least two Trading Days. The Company has adopted the policy of delaying trading for “at least two Trading Days” because the securities laws require that the public be informed effectively of previously undisclosed material information before Insiders trade in the Company’s stock. Public disclosure may occur through a widely disseminated press release or through filings, such as a Form 6-K, with the SEC. Furthermore, in order for the public to be effectively informed, the public must be given time to evaluate the information disclosed by the Company. Although the amount of time necessary for the public to evaluate the information may vary depending on the complexity of the information, generally two Trading Days is a sufficient period of time.

 

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From time to time, the Company may also require that Insiders suspend trading because of developments known to the Company and not yet disclosed to the public. In such event, such persons may not engage in any transaction involving the purchase or sale of the Company’s securities during such period and may not disclose to others the fact of such suspension of trading.

 

Although the Company may from time to time require during a Trading Window that Insiders and others suspend trading because of developments known to the Company and not yet disclosed to the public, each person is individually responsible at all times for compliance with the prohibitions against insider trading. Trading in the Company’s securities during the Trading Window should not be considered a “safe harbor,” and all directors, officers and other persons should use good judgment at all times.

 

Notwithstanding these general rules, Insiders may trade outside of the Trading Window provided that such trades are made pursuant to a legally compliant, pre-established plan or by delegation established at a time that the Insider is not in possession of material nonpublic information. These alternatives are discussed in the next section.

 

2. Trading According to a Pre-established Plan (10b5-1) or by Delegation.

 

The SEC has adopted Rule 10b5-1 (which was amended in December 2022) under which insider trading liability can be avoided if Insiders follow very specific procedures. In general, such procedures involve trading according to pre-established instructions, plans or programs (a “10b5-1 Plan”) after a required “cooling off” period described below.

 

10b5-1 Plans must:

 

(a) Be documented by a contract, written plan, or formal instruction which provides that the trade take place in the future. For example, an Insider can contract to sell his or her shares on a specific date, or simply delegate such decisions to an investment manager, 401(k) plan administrator or similar third party. This documentation must be provided to the Company’s Insider Trading Compliance Officer;

 

(b) Include in its documentation the specific amount, price and timing of the trade, or the formula for determining the amount, price and timing. For example, the Insider can buy or sell shares in a specific amount and on a specific date each month, or according to a pre-established percentage (of the Insider’s salary, for example) each time that the share price falls or rises to pre-established levels. In the case where trading decisions have been delegated (i.e., to a third party broker or money manager), the specific amount, price and timing need not be provided;

 

(c) Be implemented at a time when the Insider does not possess material non-public information. As a practical matter, this means that the Insider may set up 10b5-1 Plans, or delegate trading discretion, only during a “Trading Window” (discussed in Section 1, above), assuming the Insider is not in possession of material non-public information;

 

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(d) Remain beyond the scope of the Insider’s influence after implementation. In general, the Insider must allow the 10b5-1 Plan to be executed without changes to the accompanying instructions, and the Insider cannot later execute a hedge transaction that modifies the effect of the 10b5-1 Plan. Insiders should be aware that the termination or modification of a 10b5-1 Plan after trades have been undertaken under such plan could negate the 10b5-1 affirmative defense afforded by such program for all such prior trades. As such, termination or modification of a 10b-5 Plan should only be undertaken in consultation with your legal counsel. If the Insider has delegated decision-making authority to a third party, the Insider cannot subsequently influence the third party in any way and such third party must not possess material non-public information at the time of any of the trades;

 

(e) Be subject to a “cooling off” period. Effective February 27, 2023, Rule 10b5-1 contains “cooling-off period” for directors and officers that prohibit such insiders from trading in a 10b5-1 Plan until the later of (i) 90 days following the plan’s adoption or modification or (ii) two business days following the Company’s disclosure (via a report filed with the SEC) of its financial results for the semi-annual period in which the plan was adopted or modified; and

 

(f) Contain Insider certifications. Effective February 27, 2023, directors and officers are required to include a certification in their 10b5-1 Plans to certify that at the time the plan is adopted or modified: (i) they are not aware of Material Nonpublic Information about the Company or its securities and (ii) they are adopting the 10b5-1 Plan in good faith and not as part of a plan or scheme to evade the anti-fraud provisions of the Exchange Act.

 

Important: In addition, effective February 27, 2023: (i) Insiders are prohibited from having multiple overlapping 10b5-1 Plans or more than one plan in any given year, (ii) a modification relating to amount, price and timing of trades under a 10b5-1 Plan is deemed a plan termination which requires a new cooling off period, and (iii) whether a particular trade is undertaken pursuant to a 10b5-1 Plan will need to be disclosed (by checkoff box) on the applicable Forms 4 or 5 of the Insider.

 

Pre-Approval Required: Prior to implementing a 10b5-1 Plan, all officers and directors must receive the approval for such plan from (and provide the details of the plan to) the Company’s Insider Trading Compliance Officer.

 

3. Pre-Clearance of Trades.

 

Even during a Trading Window, all Insiders, must comply with the Company’s “pre-clearance” process prior to trading in the Company’s securities, implementing a pre-established plan for trading, or delegating decision-making authority over the Insider’s trades. To do so, each Insider must contact the Company’s Insider Trading Compliance Officer prior to initiating any of these actions. The Company may also find it necessary, from time to time, to require compliance with the pre-clearance process from others who may be in possession of Material Nonpublic Information.

 

4. Individual Responsibility.

 

Every person subject to this Policy has the individual responsibility to comply with this Policy against insider trading, regardless of whether the Company has established a Trading Window applicable to that Insider or any other Insiders of the Company. Each individual, and not necessarily the Company, is responsible for his or her own actions and will be individually responsible for the consequences of their actions. Therefore, appropriate judgment, diligence and caution should be exercised in connection with any trade in the Company’s securities. An Insider may, from time to time, have to forego a proposed transaction in the Company’s securities even if he or she planned to make the transaction before learning of the Material Nonpublic Information and even though the Insider believes he or she may suffer an economic loss or forego anticipated profit by waiting.

 

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APPLICABILITY OF POLICY TO INSIDE INFORMATION

REGARDING OTHER COMPANIES

 

This Policy and the guidelines described herein also apply to Material Nonpublic Information relating to other companies, including the Company’s customers, vendors or suppliers (“business partners”), when that information is obtained in the course of employment with, or other services performed on behalf of the Company. Civil and criminal penalties, as well as termination of employment, may result from trading on Material Nonpublic Information regarding the Company’s business partners. All Insiders should treat Material Nonpublic Information about the Company’s business partners with the same care as is required with respect to information relating directly to the Company.

 

INQUIRIES

 

Please direct your questions as to any of the matters discussed in this Policy to the Company’s Insider Trading Compliance Officer.

 

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Exhibit B

 

ZHIBAO TECHNOLOGY INC.

 

Insider Trading Compliance Program - Pre-Clearance Checklist

 

Individual Proposing to Trade:_________________________

 

Number of Shares covered by Proposed Trade:_________________________

 

Date:_________________________

 

Trading Window. Confirm that the trade will be made during the Company’s “trading window.”

 

Rule 144 Compliance (as applicable). Confirm that:

 

Current public information requirement has been met;

 

Shares are not restricted or, if restricted, the one year holding period has been met;

 

Volume limitations are not exceeded (confirm that the individual is not part of an aggregated group);

 

The manner of sale requirements has been met; and

 

The Notice of Form 144 Sale has been completed and filed.

 

Rule 10b-5 Concerns. Confirm that (i) the individual has been reminded that trading is prohibited when in possession of any material information regarding the Company that has not been adequately disclosed to the public, and (ii) the Insider Trading Compliance Officer has discussed with the individual any information known to the individual or the Insider Trading Compliance Officer which might be considered material, so that the individual has made an informed judgment as to the presence of inside information.

 

Rule 10b5-1 Matters. Confirm whether the individual has implemented, or proposes to implement, a pre-arranged trading plan under Rule 10b5-1. If so, obtain details of the plan.

 

  
Signature of Insider Trading Compliance Officer