NEEQ Releases Guidelines for the Examination of Stock Listings

The National Equities Exchange and Quotations Company Limited ("NEEQ") has recently issued the Guide to the Handling of Transfer of NEEQ-listed Companies' Shares under Agreements for Special Matters (for Trial Implementation) (the "Guide"), the Guidelines for the Examination of Stock Listings (for Trial Implementation) and the Guide to Applications of NEEQ-listed Companies for Terminating Stock Listings and the Withdrawal of Applications for Terminating Stock Listings, all of which have taken effect immediately from the date of issuance.

The Guide states that before submitting an application to the NEEQ for transferring shares under a contract for special matters, the applicant shall handle the securities inquiry business with the NEEQ to learn about the holding of those shares to be transferred and make sure the shares to be transferred are not subject to any restriction on sale, not frozen by the judicial organ or subject to any other limits on their transfer. Also, the Guide explicitly states that, an applicant shall submit the NEEQ Application Form for the Confirmation of Transfer of Shares under a Contract for Special Matters, the original copy of the share purchase agreement, the supporting documentation issued by the China Securities Depository and Clearing Corporation Limited ("CSDC") to certify the seller's shareholding, and other requested documents.



(Source: http://www.neeq.com.cn/notice/200005562.html

http://www.neeq.com.cn/notice/200005556.html

http://www.neeq.com.cn/notice/200005558.html)

Note: The link to the Chinese official website of the document is for your reference.