National Stock Exchange Company issued and implemented two new three board business rules to comprehensively deepen reform

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According to the news from the National Stock Exchange Company on March 6, according to the news from the National Stock Exchange Company, according to the plan of the China Securities Regulatory Commission, the new three-board reform will be comprehensively deepened. "Selection Layer Listing Rules (Trial)" (hereinafter referred to as the "Public Issuance Rules") will be implemented. Today, the National Stock Exchange Company issued two business guides, including "Guidelines for the Public Issuance of Shares to Unqualified Qualified Investors and Listing on the Select Level-Declaration and Examination" (hereinafter referred to as the "Declaration and Examination Guide") And "Public Issuance of Shares to Unqualified Qualified Investors and Listing on the Featured Tier 2 Business Guide-Issuance and Listing" (hereinafter referred to as "Issuance and Listing Guidelines"). So far, in the new third board reform, the business rules for the public issue of shares to unspecified qualified investors have been fully promulgated and implemented. The “Declaration and Examination Guide” adheres to the principle of “easy to understand and operate”. According to the general business process of the report review phase, the processing requirements of various business links such as “pre-report preparation, reporting, national share transfer company review, and reporting to the China Securities Regulatory Commission” were detailed. First, in terms of preparation before reporting, the issuer clarified the requirements for convening the board of directors and shareholders' general meeting, the registration and reporting of insiders with inside information, and the compliance of relevant entities with transaction prohibitions during the sensitive period. In order to ensure the stability of the issuer's equity structure, specific levels of restricted shares are strictly enforced, and the requirements for listed shareholders 'restricted entities to voluntarily restrict shares on the record date of the shareholders' meeting are also stipulated. Second, in terms of reporting, the list and requirements of application documents, acceptance and correction, and submission of a verified version of the prospectus for public offering were clarified. Third, in the aspect of review, the specific procedures for inquiries and responses, the review of the Listing Committee, and the decision to transfer shares to companies across the country have been clarified. Fourth, after the national stock transfer company has passed the review, it shall submit the application documents for public offering to the China Securities Regulatory Commission on behalf of the issuer. Fifth, under special circumstances, the requirements for reporting major issues, suspension and termination of review, review and review have been clarified. The "Issuance and Listing Guide" adheres to the principles of "clear, efficient, and convenient", and establishes related operating procedures such as issuance, inquiry, and listing. Clarify the work arrangements for issuers, sponsors and lead underwriters to implement relevant systems. The first is to clarify the document requirements for submission of the issuance planning stage and review the time limit. Secondly, for the differentiated processes of direct pricing, bidding and inquiry, it sorted out the operating procedures and time requirements for issuers and underwriters to conduct inquiry, purchase and placement business, as well as the types and contents of documents to be submitted. The third is to clarify the relevant issues of the release of major incident reports and the suspension of release. Business Process. The fourth is to clarify the access paths of some document templates and other document templates. Next, the National Stock Exchange Company will implement the Party Central Committee, the State Council, and the Party Committee of the CSRC's deployment requirements for comprehensively promoting epidemic prevention and control, risk prevention, and supporting economic and social development. Comprehensively implement various reform measures such as the public issue of stocks to non-specific qualified investors, ensure the healthy and stable operation of the NEEQ market, improve the NEEQ market's ability to fight epidemics, serve SMEs and the private economy, and support social and economic development.