Legal basis: According to Article 148 of the Company Law of People's Republic of China (PRC), directors and senior managers shall not commit the following acts:
(1) misappropriating company funds
(2) Opening an account for the company's funds in its own name or in the name of other individuals.
(3) Lending the company's funds to others or providing guarantees for others with the company's property without the consent of the shareholders' meeting, the shareholders' general meeting or the board of directors, in violation of the company's articles of association.
(4) Concluding a contract or conducting a transaction with the company in violation of the provisions of the Articles of Association or without the consent of the shareholders' meeting or general meeting.
(5) Without the consent of the shareholders' meeting or shareholders' meeting, taking advantage of his position to seek business opportunities belonging to the company for himself or others, and running the same business as the company he works for.
(six) to accept the entrustment of others and conduct transactions with the company.
(seven) unauthorized disclosure of company secrets.
(8) Other acts that violate the obligation of loyalty to the company.
The income of directors and senior managers who violate the provisions of the preceding paragraph shall be owned by the company.