陳列廳11.2
新東方教育科技集團股份有限公司
關於管控重要的、非公開信息和防止內幕交易的第二份修訂和重發聲明
(由董事會通過，並於2023年12月18日生效)
這份修訂和重發的重要信息和防止內幕交易的聲明 非公開信息 (本文稱“ 新東方教育科技集團股份有限公司（"新東方”或“公司公司）分爲三個部分：第一部分概述；第二部分闡明瞭新東方禁止內幕交易的政策；第三部分解釋了內幕交易。
I.
摘要
新東方的美國存托股（"ADS其普通股票目前在紐約證券交易所上市交易（“NYSE”）及其普通股票（“普通股份。”） 目前在香港交易所交易。這份聲明和以下描述的程序是我們作爲上市公司的責任的結果。預防內幕交易對新東方及其所有相關人士的聲譽和誠信至關重要。當任何人在持有有關該證券的內幕信息時購買或出售證券，或泄露此類內幕信息時，就會發生「內幕交易」。 正如下文III節所解釋的，「內幕信息」是被認爲既「重要」又 「非公開」的信息。
新東方認爲嚴格遵守該政策（“政策此聲明中載明的事項被視爲極爲重要。違反此政策可能給您和新東方聲譽造成重大損害，也可能導致您和新東方承擔法律責任。對此政策的明文規定或精神蓄意違反將成爲立即被新東方解僱的理由。違反政策可能會使違法者面臨嚴重的刑事處罰以及對任何受侵害者的民事責任。由違反所導致的經濟損失，以及受害者的律師費，均可能超過違反者所獲得的利潤。
此聲明適用於所有新東方及其子公司和關聯實體的董事、董事會成員、員工和顧問，並延伸至新東方職責範圍內外的一切活動。 每位董事、董事會成員、管理人員和適當的第三方顧問都必須審閱此聲明。
有關本聲明的問題，可致函致富金融(臨時代碼)官 “合規官員”至[***]（電話）或[***]（電子郵件）。
(本頁其餘部分 故意留白）
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II.
禁止內幕交易的政策
根據本聲明的目的，在安全購買和出售方面，不包括接受期權或其他基於股票的獎勵，如果適用的話，不涉及出售證券的期權行權或其他基於股票的獎勵的批准。在其他方面，無現金行權期權涉及證券的出售，因此適用於下文規定的政策。該政策不適用於按照您選擇讓公司扣減普通股或ADS以滿足稅收扣繳要求的稅務保留權的行使。
| A. | 不 交易 - 任何董事，董事，僱員或顧問在掌握與新東方，其ADS，普通股或其他證券相關的重要信息時，不得購買或出售任何類型的公司證券，或制定具有約束力的證券交易計劃（「交易計劃」） 非公開的 沒有任何董事，董事，僱員或顧問在掌握與新東方，其ADS，普通股或其他證券相關的重要信息時，應購買或出售任何類型的公司證券或制定具有約束力的證券交易計劃（「交易計劃」） (「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」)。重要信息”). |
如果您擁有的重要信息涉及ADSs、普通股或其他公司證券，則上述政策將要求至少在公司公開披露重要信息後等待至少二十四（24）小時，這二十四（24）小時應在紐約證券交易所或香港證券交易所發佈相關信息後的至少一個完整交易日內。術語“交易日” 在以下情況下定義，（i） 關於紐約證券交易所，指的是紐約證券交易所開放交易的日期，（ii） 關於香港證券交易所，指的是香港證券交易所開放交易的日期。除美國公共假期外，紐約證券交易所的常規交易時間是每週一至週五，上午9:30至下午4:00，紐約時間。除香港公共假期外，香港證券交易所的常規交易時間是每週一至週五，上午9:30至下午4:00，香港時間。
補充 Witty說：「通過我們最新的直接轉卡和負擔得起的銀行帳戶支付選項，向美國各地或全球的親朋好友轉賬變得比以往更加方便和實惠。」 沒有任何董事、高管、僱員或顧問得在未經合規主管事先批准的情況下購買、賣出任何公司證券或制定交易計劃，無論這些董事、高管、僱員或顧問是否持有任何重要信息，在任何被指定爲「有限交易期」的時期內。 合規主管可在他認爲適當的時間宣佈限制交易期，無需提供任何宣佈的理由。
此外，生物製藥公司、學術機構和醫藥外包機構之間的合作和夥伴關係公司證券的所有交易（包括但不限於，購買和出售ADS、普通股，以及出售因行使股票期權而發行的普通股/ADS，但不包括接受公司授予的期權和行使不涉及證券出售的期權）必須由公司不時指定的高管、董事和關鍵員工進行 預先批准的 由合規主管負責。
請參閱下文第三部分，以了解信息披露的解釋。
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| B. | 交易 窗戶 – 假設第 上所列「無交易」限制的任何一個不適用，任何董事、董事、僱員或顧問不得在“ II-A 適用，任何董事、董事、僱員或顧問不得在新東方的任何公司證券，或者訂立安防 交易計劃，除非在“交易窗口期” ”的情形：在新東方任何財政季度結束後的第一個交易日結束之時起，以及截至6月1日、9月1日、12月1日和3月1日，如有必要。 |
換句話說，下列限制將基於新東方對其前一 年度，半年度或季度的財務業績進行公開披露。
| (1) | 每年6月1日起，任何公司的董事、董事、員工或顧問在新東方公司公佈了截至當年5月31日財年財務業績之後的第一個交易日結束營業前，不得購買或出售任何公司證券，或者進入具有約束力的安全交易計劃。 |
| (2) | 每年12月1日起，任何公司的董事、董事、員工或顧問在新東方公司公佈了截至當年11月30日的上一財季和上半年財務業績之後的第一個交易日結束營業前，不得購買或出售任何公司證券，或者進入具有約束力的安全交易計劃。 |
| (3) | 每年9月1日和3月1日分別起，任何公司的董事、董事、員工或顧問在新東方公司公佈了截至當年8月31日和當年2月28日的上一個財季財務業績之後的第一個交易日結束營業前，不得購買或出售任何公司證券，或者進入具有約束力的安全交易計劃。 |
如果新東方公司的財務業績公開披露的時間早於紐約證券交易所或香港證券交易所（視情況而定）收盤時間四小時以上的交易日，則將該披露日期視爲前述公開披露之後的第一個交易日。
請注意，證券在交易窗口期間交易並非「安全港灣」，所有董事、董事、員工和顧問應嚴格遵守本聲明中規定的所有政策。
如果有疑問，請先向合規官核實，不要進行交易！
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C. E. 業務限制 – 假定不適用於第III-A條中規定的「禁止交易」，由公司指定的董事、高管或關鍵員工除了在交易窗口期間外，還需嚴格遵守公司制定的交易限制。 - 任何董事、董事、僱員或顧問都不得直接或間接向任何交易公司證券的人披露任何重要信息 泄露 「內幕交易」）而擁有此類重要信息的情況下，無論接收信息的個人或實體，即「消息者」，是否與您有關，且無論您是否從消息者那裏獲得任何金錢上的好處。
D. 保密協議 - 除非事先經合規官員批准，否則任何董事、董事、員工或顧問都不得在任何情況下將任何重要信息傳達給公司外的任何人，也不得傳達給公司內部的任何人需要知情人士方可了解。董事會考慮： 董事會於 2024 年 5 月 3 日舉行會議，審查和考慮 Conversion、停頓協議和 Tender Offer，隨後於 2024 年 6 月 6 日至 7 日進一步審查和考慮 Conversion。基金董事會成員中不是「利益相關方」的人員，按照 1940 年法案所定義的該術語（「獨立董事會成員」），受到獨立董事會成員的獨立法律顧問的建議。董事會（包括獨立董事）收到了顧問提供的有關該董事會、停頓協議、 Tender Offer 和 Conversion 的相關信息的書面材料，包括有關停頓協議和與 Karpus 的談判、 Tender Offer 和 Conversion 的有關基金及其股東的權益以及計劃作爲間隔基金如何運作的描述，以及有關事實和支出信息。
E. 不 評論 - 任何董事、董事、僱員或顧問不得與新東方以外的任何人討論任何內部事務或發展，除非在履行常規法人職責所需。 除非您被明確授權相反，如果您收到財經媒體、投資分析師或其他人對新東方或其公司證券的任何詢問，或者任何要求評論或採訪，您應拒絕評論並將詢問或請求轉至合規官員。
糾正措施-如果您發現任何潛在的重要信息已被意外披露或可能已被披露，您必須立即通知首席財務官，以便公司判斷是否需要採取糾正措施，例如向公衆進行普遍披露。糾正行動 - 如果無意中披露任何可能具有重大意義的信息，則任何董事、董事、僱員或顧問應立即通知合規官員，以便公司判斷是否需要採取糾正措施，例如向公衆普遍披露。
G. 規則10b5-1 交易計劃 - 規則 10b5-1 根據美國證券法提供了針對內幕交易責任的肯定性抗辯。受本政策約束的人可以依賴這一抗辯並進行公司證券的交易，無論其是否知曉內幕信息，只要交易是根據 預先安排的 書面交易計劃進行的，並且在該人不掌握重要 非公開的 信息的情況下進行，並且符合規則的要求 10b5-1.
任何受本政策約束的人如果希望制定交易計劃，必須在計劃進入交易計劃之前至少提前兩個工作日將交易計劃提交給合規主管進行批准。當一個人掌握重要 非公開的 關於公司或其證券的信息，必須遵守《規則》的要求。 10b5-1 （包括指定的等待期和對多重重疊計劃和單次交易計劃的限制）。
一旦採納交易計劃，您不得對將要交易的證券數量、交易價格或交易日期產生任何後續影響。您只能在允許交易的時段內根據本政策修改或替換交易計劃，並且您必須在採納前將任何擬議的修改或替換交易計劃提交給合規主管審批。在終止交易計劃之前，您必須提前向合規主管發出通知。您應了解，修改或終止交易計劃可能會對您進入和操作計劃的誠信產生質疑（從而可能危及對內幕交易指控的積極抗辯辯護）。
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III.
內幕交易解釋
如上所述，「內幕交易」是指在持有與該安全-半導體相關的「重要」或「非公開」信息時買入或賣出安全-半導體，或泄漏這些信息。 「非公開」 「公司證券」不僅包括股票，債券，票據和債券，還包括期權，warrants和類似工具（包括在紐交所交易的ADSs和在香港證券交易所交易的普通股）。「買入」不僅包括實際買入證券，還包括任何購買或其他方式獲得證券的合同。「賣出」不僅包括實際賣出證券，還包括任何出售或其他處置證券的合同。這些定義涵蓋了廣泛的交易，包括傳統的交易，股票期權的授予和行權，以及與證券相關的期權的認購和行權或put，call或其他期權的收購和行權。一般認爲內幕交易包括以下情況： 內幕交易 交易者在持有重要信息時進行交易，
| • | 內部人士在持有重要信息時進行交易， 非公開的持有重要 |
| • | 持有內幕信息進行交易的人，不包括內部人士； 非公開的 信息如是不法地泄露或被侵佔，而由有義務保密的內部人士給予；或 |
| • | 傳達或透露重大信息， 非公開的 包括在持有這類信息的情況下，向他人推薦購買或賣出某個安防-半導體； |
如前所述，在本聲明的目的下，「購買」和「賣出」公司證券的術語不包括接受公司授予的期權或其他股份獎勵，以及行使期權或歸屬其他股份獎勵而不涉及證券的出售。 其他事項中，無現金行使期權確實涉及證券的出售，因此適用本聲明中列明的政策。
| A. | 什麼樣的事實是有意義的? |
事實的重要性取決於情況。如果一個事實有重大可能性會讓理性的投資者在買入、賣出或持有某項安防-半導體時認爲它是重要的，或者該事實可能會對證券的市場價格產生顯著影響，那麼這個事實就被認爲是「重要」的。信息可能是重要的，即使它涉及未來、投機性質或偶發事件，即使僅在與公開信息結合考慮時才顯得重要。重要信息無論是正面的還是負面的，都可能涉及公司業務的任何方面，或者涉及任何類型的證券、債務或權益。
重要信息的示例包括（但不限於）以下信息：
| • | 分紅派息； |
| • | 企業盈利或盈利預測，或者對先前發佈的盈利公告或指引的更改； |
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| • | changes in financial condition or asset value; |
| • | negotiations for the mergers or acquisitions or dispositions of significant subsidiaries or assets; |
| • | significant new contracts or the loss of a significant contract; |
| • | significant new products or services; |
| • | significant marketing plans or changes in such plans; |
| • | capital investment plans or changes in such plans; |
| • | material litigation, administrative action or governmental investigations or inquiries about the Company or any of its affiliated companies, officers or directors; |
| • | significant borrowings or financings; |
| • | defaults on borrowings; |
| • | new equity or debt offerings; |
| • | adoption of repurchase plans or amendment of existing repurchase plans; |
| • | significant personnel changes; |
| • | a cybersecurity incident or risk that may adversely impact the Company’s business, reputation or share value; |
| • | changes in accounting methods and write-offs; and |
| • | any substantial change in industry circumstances or competitive conditions which could significantly affect the Company’s earnings or prospects for expansion. |
A good general rule of thumb: when in doubt, do not trade.
| B. | WHAT IS NON-PUBLIC? |
Information is “non-public” if it is not available to the general public. In order for information to be considered public, it must be widely disseminated in a manner making it generally available to investors through such media as Dow Jones, Reuters Economic Services, The Wall Street Journal, Bloomberg, Associated Press, PR Newswire or United Press International, filings with the Securities and Exchange Commission or publications on the website of The Stock Exchange of Hong Kong. The circulation of rumors, even if accurate and reported in the media, does not constitute effective public dissemination.
In addition, even after a public announcement, a reasonable period of time must lapse in order for the market to react to the information. Generally, one should allow approximately forty-eight (48) hours following publication as a reasonable waiting period before such information is deemed to be public.
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| C. | WHO IS AN INSIDER? |
“Insiders” include officers, directors, employees and consultants of a company and anyone else who has material inside information about a company. Insiders have independent fiduciary duties to their company and its stockholders not to trade on material, non-public information relating to the company’s securities. All officers, directors, employees and consultants of the Company should consider themselves insiders with respect to material, non-public information about business, activities and securities. Officers, directors, employees and consultants may not trade the Company’s securities while in possession of material, non-public information relating to the Company nor tip (or communicate except on a need-to-know basis) such information to others.
It should be noted that trading by members of an officer’s, director’s, employee’s or consultant’s household can be the responsibility of such officer, director, employee or consultant under certain circumstances and could give rise to legal and Company-imposed sanctions.
| D. | TRADING BY PERSONS OTHER THAN INSIDERS |
Insiders may be liable for communicating or tipping material, non-public information to a third party (“tippee”), and insider trading violations are not limited to trading or tipping by insiders. Persons other than insiders also can be liable for insider trading, including tippees who trade on material, non-public information tipped to them or individuals who trade on material, non-public information which has been misappropriated.
Tippees inherit an insider’s duties and are liable for trading on material, non-public information illegally tipped to them by an insider. Similarly, just as insiders are liable for the insider trading of their tippees, so are tippees who pass the information along to others who trade. In other words, a tippee’s liability for insider trading is no different from that of an insider. Tippees can obtain material, non-public information by receiving overt tips from others or through, among other things, conversations at social, business, or other gatherings.
| E. | PENALTIES FOR ENGAGING IN INSIDER TRADING |
Penalties for trading on or tipping material, non-public information can extend significantly beyond any profits made or losses avoided, both for individuals engaging in such unlawful conduct and their employers. The Securities and Exchange Commission (“SEC”) and Department of Justice in the United States have made the civil and criminal prosecution of insider trading violations a top priority. The Securities and Futures Commission (“SFC”) in Hong Kong also regularly prosecutes individuals for insider trading. See Section F below for more information. Enforcement remedies available to the government or private plaintiffs under the federal securities laws in the United States include:
| • | SEC administrative sanctions; |
| • | Securities industry self-regulatory organization sanctions; |
| • | Civil injunctions; |
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| • | Damage awards to private plaintiffs; |
| • | Disgorgement of all profits; |
| • | Civil fines for the violator of up to three times the amount of profit gained or loss avoided; |
| • | Civil fines for the employer or other controlling person of a violator (i.e., where the violator is an employee or other controlled person) of up to the greater of approximately US$2,500,000 or three times the amount of profit gained or loss avoided by the violator; |
| • | Criminal fines for individual violators of up to US$1,000,000 (US$25,000,000 for an entity); and |
| • | Jail sentences of up to 20 years. |
In addition, insider trading could result in serious sanctions by the Company, including immediate dismissal. Insider trading violations are not limited to violations of the federal securities laws: other federal and state civil or criminal laws, such as the laws prohibiting mail and wire fraud and the Racketeer Influenced and Corrupt Organizations Act (RICO), also may be violated upon the occurrence of insider trading.
| F. | PROHIBITION OF MARKET MISCONDUCT IN HONG KONG |
Market misconducts prohibited by the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (“SFO”) include insider dealing, false trading, price rigging, stock market manipulation, disclosure of information about prohibited transactions, and disclosure of false and misleading information. Market misconducts may result in civil action or criminal prosecution, but a party in breach will not be penalized repeatedly for the same act.
Insider dealing provisions contained in the SFO (primarily Section 270 of the SFO) prohibit any person in connection with the company who is in possession of the relevant information from dealing in or procuring other persons to deal in the securities of the company. Further, these persons are prohibited from disclosing the relevant information to other persons who may trade in the securities of the company.
The relevant principles of insider dealing and inside information are largely similar to principles of non-public information (as set out above); please note that the Company is not exempt from the market misconduct and insider dealing provisions of the SFO. For further details, please refer to the SFO and the Guidelines on Disclosure of Inside Information issued by the Securities and Futures Commission.
Section 307A(1) of the SFO defines “inside information” in relation to a listed corporation. The three key elements in the concept of inside information are:
(a) the information about the particular corporation must be specific;
(b) the information must not be generally known to that segment of the market which deals or which would likely deal in the corporation’s securities; and
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(c) the information would, if so known, be likely to have a material effect on the price of the corporation’s securities.
“Insider dealing” is when any person connected with the company holds the relevant information (being inside information, as described above) in relation to the company deals in the listed securities or derivatives of the company (or in the listed securities or derivatives of a related corporation of the company) or counsels or procures another person to deal in such securities or derivatives, knowing or having reasonable cause to believe that such other persons will deal in them.
In particular, Sections 270 and 291 of the SFO set out certain occasions and offences of insider dealing. Insider dealing in relation to a listed corporation takes place when:
| • | Person with inside information deals in shares of a corporation with which he is connected – Sections 270(1)(a) and 291(1) |
| • | Bidder of take-over offer (being inside information) deals in shares of target – Sections 270(1)(b) and 291(2) |
| • | Person connected with a corporation discloses inside information about that corporation – Sections 270(1)(c) and 291(3) |
| • | Bidder of take-over offer leaks take-over information – Sections 270(1)(d) and 291(4) |
| • | Recipient of inside information from a person connected with a corporation deals in shares of that corporation – Sections 270(1)(e) and 291(5) |
| • | Recipient of inside information about a take-over from bidder deals in shares of the target – Sections 270(1)(f) and 291(6) |
| • | Person with inside information facilitates or discloses such information to facilitate dealing on an overseas market – Sections 270(2) and 291(7) |
Section 279 of the SFO imposes a duty on all officers of a corporation to take reasonable measures to ensure that proper safeguards exist to prevent the corporation from acting in a way which would result in the corporation perpetrating any market misconduct. Under Section 258 of the SFO, where a corporation has been identified as having been engaged in market misconduct and the market misconduct is directly or indirectly attributable to a breach by any person as an officer of the corporation of the duty imposed on him under Section 279, the Market Misconduct Tribunal of Hong Kong may make one or more of the orders in respect of that person even if that person has not been identified as having engaged in market misconduct himself.
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| G. | INDIVIDUAL RESPONSIBILITY TO COMPLY WITH POLICY |
Regardless of whether New Oriental has recommended a trading window to an individual, such individual is responsible for complying with this Policy. In any case, an individual should make appropriate judgments in connection with any transaction in Company Securities and carefully consider whether they are aware of any material inside information before such transaction. An individual may, from time to time, be required to forego a proposed transaction in Company Securities even if he or she planned to make the transaction before learning material non-public information and even though he or she may suffer economic loss or forego anticipated profit by waiting. Each person subject to this Policy is individually responsible for complying with this Policy and ensuring the compliance of any family members, such as spouses, minor children, adult family members who share the same household, and any other person or entity whose securities trading decisions are influenced or controlled by the person whose transactions are subject to this Policy. Accordingly, you should make your family and household members aware of the need to confer with you before they trade in the Company Securities, and you should treat all such transactions for the purposes of this Policy and applicable securities laws concerning trading while in possession of material non-public information as if the transactions were for your own account.
| H. | INSIDE INFORMATION OF OTHER COMPANIES |
This Policy and the guidelines described herein also apply to material non-public information relating to other companies, , including the Company’s customers, vendors and suppliers (“Business Partners”), especially when that information is obtained in the course of employment with, or other services performed by, or on behalf of, the Company. Trading inside information about Business Partners of New Oriental may result in civil and criminal punishments, as well as disciplinary sanctions, including termination of the employment relationship for such reason. Each individual should treat material non-public information about Business Partners of New Oriental with the same caution in accordance with the requirements for information directly related to New Oriental.
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