Share Listing Rules of the Shang

	Share Listing Rules of the Shanghai Stock Exchange (Amended in May of 2006)
	【Promulgation Date】2006-05-19 【Effective Date】2006-05-19

(These Rules came into effect as of January 1998, and were firstly amended in May 2000, secondly amended in June 2001, thirdly amended in February 2002, fourthly amended in December 2004 and fifthly amended in May 2006.)

Chapter I General Provisions

1.1 In order to regulate the listing activities of shares, corporate bonds that can be converted into shares and other derivative products (hereinafter referred to as the "shares and their derivative products") and the information disclosure activities of listed companies and other related obligors, maintain the order in securities market and protect the legitimate rights and interests of investors and issuers, these Rules are formulated in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the "Measures for Administration of Stock Exchanges" and the "Articles of Association of the Shanghai Stock Exchange".

1.2 These Rules shall apply to the shares and the derivative products thereof listed in Shanghai Stock Exchange (hereinafter referred to as "the Stock Exchange").
If the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") and the Stock Exchange have other special provisions on the matters concerning the listing, information disclosure or suspension of trading of derivative products such as rights certificates, such provisions shall be observed.

1.3 Any company that applies for listing and trading of shares and the derivative products thereof in the Stock Exchange shall be examined and approved by the Stock Exchange, and sign the listing agreement with the Stock Exchange before the listing to define the rights and obligations of both parties and other relevant matters.

1.4 The Stock Exchange shall exercise the supervision over listed companies and relevant information disclosure obligors thereof such as directors, supervisors, senior management personnel, shareholders, defacto controllers and purchasers as well as sponsorship institutions and representative sponsors in accordance with the laws, administrative rules and regulations, departmental regulations, these Rules and other regulatory documents or as authorized by the CSRC.

Chapter II Basic Principles and General Stipulations of Information Disclosure

2.1 Any listed companies and related information disclosure obligors thereof shall perform the obligation of information disclosure in accordance with the laws, administrative rules and regulations, departmental regulations and these Rules as well as the relevant provisions of measures and notices issued by the Stock Exchange.

2.2 A listed company shall disclose all the information that may considerably affect the trading price of the shares of this company and the derivative products thereof promptly and fairly, and report the announcement and relevant filing documents to the Stock Exchange in the first instance.

2.3 A listed company and its directors, supervisors, senior management personnel shall ensure the truthfulness, accuracy and completeness of the information disclosed by the company and shall not contain any false record, misleading statement or significant omission. If they cannot guarantee that the contents of the announcement are truthful, accurate or complete, they shall make the corresponding statements in the announcement and state the reasons.

2.4 If any event occurs in the company or related with the company fails to reach the standard prescribed in these Rules or there are no specific provisions in these Rules concerning such event, but the Stock Exchange or the board of directors of the company considers that such event may considerably affect the trading price of the shares of this company and the derivative products thereof, the company shall disclose such event with reference to these Rules.

2.5 Before disclosing the information, the directors, supervisors, senior management personnel and other persons in the know of a listed company shall limit the insiders of such information to the minimum extent, and they shall not divulge the inside information of the company, engage in inside trading or cooperate with others to manipulate the trading price of the shares and their derivative products.

2.6 A listed company shall formulate and strictly implement the administration system on information disclosure and the internal reporting system on significant information, define the range of responsibilities of information disclosure as well as the responsibility of keeping secrets of the various departments (including subsidiary holding companies) and relevant personnel of the company so as to ensure that the information disclosure of the company complies with the requirements of these Rules.

2.7 A listed company and the related information disclosure obligors shall pay attention to the reporting from the mass media (including the main websites) regarding the company as well as the trading information of the shares of the company and the derivative products thereof, and shall grasp the truthful information promptly from relevant parties, accurately answer the inquires made by the Stock Exchange regarding the above matters, and announce the relevant information to the public according to the provisions of these Rules and the requirements of the Stock Exchange.

2.8 If the listed company and its related information disclosure obligors fail to answer the inquires made by the Stock Exchange within the prescribed time limit or fail to make the announcement to the public according to the provisions of these Rules and the requirements of the Stock Exchange, or when the Stock Exchange deems it necessary, it may explain the relevant situations to the market in the form of the announcement of the Stock Exchange.

2.9 The form of information disclosure of a listed company prescribed by these Rules shall include the regular report and ad hoc report.

Before disclosing the information, the company shall submit the drafts of regular report or ad hoc report and relevant documents to be examined as required by the Stock Exchange.

2.10 In the course of disclosing the information, a company shall use the descriptive language to clearly state the truthful information of the events in a concise and understandable way, and no words with the meaning of propaganda, advertising, compliment or imputation shall be contained in the information disclosure documents.

2.11 The Stock Exchange shall exercise the examination over the form of the information disclosure documents of listed companies in accordance with the relevant provisions of laws, administrative rules and regulations, departmental regulations and these Rules as well as the measures and notices issued by the Stock Exchange, and shall not be responsible for the truthfulness of the contents of such documents.

The Stock Exchange shall exercise the ex ante registration and ex post examination over regular reports; and exercise the ex ante examination or ex ante registration and ex post examination over ad hoc reports according to different circumstances.

If there are any mistakes, omissions or misleading in the regular reports or ad hoc reports, the Stock Exchange may request the company to make the explanations and make a public announcement thereafter, the company shall handle such matters as required by the Stock Exchange.

2.12 The regular report and ad hoc report of a listed company and the announcement of its related information disclosure obligors shall be disclosed in the media designated by the CSRC upon the registration of the Stock Exchange. If the listed company and its related information disclosure obligors fail to make the disclosure on the prescribed date, they shall report the matter to the Stock Exchange before 9 Am of the prescribed date.

The company and its related information disclosure obligors shall guarantee that the documents disclosed in the designated media shall be the same as the contents registered in the Stock Exchange.

The company and its related information disclosure obligors shall not disclose information in other mass media before disclosing it in the designated media, and shall not substitute the information disclosure in other forms such as news release or press conference. The directors shall observe and promote the company to observe the provisions mentioned above.

2.13 In the course of making the announcement, a listed company shall make the information disclosure documents such as regular reports and ad hoc reports available at the company's domicile at the same time for the public to consult.

2.14 A listed company shall prepare the communication apparatus required in disclosing the information, and ensure the smooth of the external consultancy telephones.

2.15 If the information to be disclosed by a listed company is uncertain, or belongs to the provisional commercial secrets or other situations recognized by the Stock Exchange, and the prompt disclosure of such information may impair the interests of the company or mislead the investors and the situation also complies with the following conditions, the company may apply for the postponement of disclosure and state the reasons for the postponement and the time limit thereof:

(1) The information to be disclosed has not been divulged yet;

(2) The relevant insiders have promised to keep secrets in written; and

(3) No abnormal fluctuation occurs in the trading of the shares of the company and the derivative products thereof.

Upon the consent of the Stock Exchange, the company may postpone the disclosure of relevant information. The time limit for such postponement shall be not more than two months.

If the application of the disclosure postponement is not agreed by the Stock Exchange, the reasons for the discourse postponement have been eliminated or the time limit for the disclosure postponement has expired, the company shall disclose the information without delay.

2.16 If the information to be disclosed by a listed company belongs to the State secrets, commercial secrets or other situations recognized by the Stock Exchange, and disclose such information or perform relevant obligations according to these Rules may violate the laws or regulations of the State regarding keeping the secrets or damage the interests of the company, the company may apply for exempting from disclosing such information or performing relevant obligations according to these Rules at the Stock Exchange.

2.17 If a listed company has any questions about the specific requirements of these Rules, it may make the enquiry at the Stock Exchange.

2.18 Any related information disclosure obligors of a listed company such as shareholders, defacto controllers and purchasers shall perform their obligations of information disclosure according to the relevant provisions, actively cooperate with the company in accomplishing the information disclosure work, inform the company of the significant events already occurred or going to occur, and shall not divulge the relevant information before the disclosure.

Chapter III Directors, Supervisors and Senior Management Personnel

Section I Declaration and Undertakings of Directors, Supervisors and Senior Management Personnel

3.1.1 The " Declaration and Undertakings of Directors (Supervisors or Senior Management Personnel)" shall be signed in triplicate and submitted to the Stock Exchange and the board of directors of the company for a record by the directors, supervisors and senior management personnel before the initial listing of company shares, by the newly-appointed directors and supervisors within one month after the relevant resolutions have been adopted by the shareholders general meeting or the staff and workers congress and by the newly-appointed senior management personnel within one month after the resolutions have been adopted by the board of directors.

When signing the " Declaration and Undertakings of Directors (Supervisors or Senior Management Personnel)" by directors, supervisors and senior management personnel, such documents shall be interpreted by a lawyer and the directors, supervisors and senior management personnel shall put their signatures on the documents after fully understanding the contents thereof and be witnessed by the lawyer.

The secretary of the board of directors shall urge the directors, supervisors and senior management personnel to sign the "Declaration and Undertakings of Directors (Supervisors or Senior Management Personnel)" timely and submit the written and electronic files thereof according to the ways and methods prescribed by the Stock Exchange.

3.1.2 Any director, supervisor and senior management personnel shall make the statement in the "Declaration and Undertakings of Directors (Supervisors or Senior Management Personnel)"that:

(1) information a holding the shares of the company;

(2) information about whether he is investigated and punished due to the violation of laws, administrative rules and regulations, departmental regulations and these Rules;

(3) information about participating in the securities business training;

(4) other information about the posts he holds and the working experiences during the last five years;

(5) information about his possession of nationalities or permanent residence right in other countries or regions; and

(6) other matters that the Stock Exchange deems to be stated.

3.1.3 Any director, supervisor and senior management personnel shall ensure the truthfulness, accuracy and completeness of the matters stated in the "Declaration and Undertakings of Directors (Supervisors or Senior Management Personnel)" and shall not contain any false record, misleading statement or significant omission.

If the stated matters have changed (except for the situation of holding the shares of the company), the directors, supervisors and management personnel shall submit the relevant latest materials to the Stock Exchange and the board of directors of the company within five trading days as of the date on which the changes occur.

3.1.4 The directors, supervisors and senior management shall perform the following duties and give undertakings in the "Declaration and Undertakings of Directors (Supervisors or Senior Management Personnel)":

(1) to observe and promote the company to observe the laws, administrative rules and regulations, and departmental regulations, bear the duties of loyalty and due diligence towards the company;

(2) to observe and promote the company to observe these Rules and other provisions of the Stock Exchange, accept the supervision of the Stock Exchange;

(3) to observe and promote the company to observe the articles of association; and

(4) other duties or undertakings that the Stock Exchange deems to be performed or given.

The supervisors shall also promise to supervise the directors and the senior management personnel to perform their undertakings.

The senior management personnel shall also promise to report promptly the matters related with the business or finance of the company which may considerably affect the trading price of the shares of the company and the derivative products thereof to the board of directors.

3.1.5 The duties of loyalty and due diligence to be performed by a director shall include the following contents:

(1) to attend in person the meeting of the board of directors in principle, act diligently in a reasonable and circumspect manner, clearly state his views on the discussed matters; if he is unable to attend the meeting of the board of director due to certain reasons, he shall choose prudentially an entrusted to act on his behalf;

(2) to earnestly read the various reports of commerce and finance of the company and the significant reports of the mass media related with the company, timely acquaint himself with and consistently pay attention to the business management situation of the company and the significant events of the company already happened or likely to happen and the impact thereof, report the problems occur in the course of business of the company to the board of directors, and shall not shift his responsibilities with the excuses of not directly engaging in the business management or unacquainted with the relevant problems or situations; and

Other duties of loyalty and due diligence prescribed by Article 148 and 149 of the "Company Law" or recognized by the public.

3.1.6 Any director, supervisor or senior management personnel shall not transfer the shares of company he holds within one year as of the date on which the shares of the company are listed and traded and within half-year after he leaving his post; during his term of office, the shares transferred each year shall not exceed 25% of the total amount of the company's shares held by him, and shall not repurchase the company's shares within six months after selling the same, or resell the company's shares within six months after purchasing the same.

The directors, supervisors and management personnel shall, according to the provisions of the preceding paragraph and the restrictive provisions of the articles of association regarding the transfer of company's shares held by them, apply at the Stock Exchange for locking up the whole or partial company's shares held by him within the corresponding period.

Any change in the company's shares held by the directors, supervisors and senior management personnel (except for the situation where the change is caused by the increased capital transferred through the allotment of dividend of shares or the capital common reserve fund) shall be reported without delay to the company and the company shall make the announcement on the website of the Stock Exchange.

3.1.7 When issuing the notice concerning the holding of general shareholders' meeting on electing the independent directors, the listed company shall submit the relevant materials related with the candidates of independent directors (including but not limiting to the declaration of nominators, declaration of candidates, resumes of independent directors) to the Stock Exchange.

If the board of directors of the company has any objections over the relevant information of the candidates of the independent directors, it shall submit the written opinion of the board of directors to the Stock Exchange at the same time.

3.1.8 The Stock Exchange shall examine the position qualification and the dependence of the candidates of the independent directors within five trading days after receiving the materials mentioned in the preceding paragraph. The candidates of independent directors over whom the objections are raised by the Stock Exchange shall not be nominated by the company to elect to be the independent directors, but may act as the candidates of directors.

When the company holds the shareholders general meeting to elect the independent directors, the board of directors shall make the explanations on whether the candidates of the independent directors are raised the objections by the Stock Exchange.

Section II Secretary of the Board of Directors

3.2.1 A listed company shall appoint the secretary of the board of directors to act as the designated contact person between the company and the Stock Exchange.

The secretary of the board of directors shall ensure that the Stock Exchange may acquire the working liaison with him at any time.

3.2.2 The secretary of the board of directors shall be responsible for the company and the board of directors and perform the following duties:

(1) be responsible for the communication and contact between the company and related parties and the Stock Exchange and other securities regulatory institutions;

(2) be responsible for handling the information disclosure affairs of the company, urge the company to formulate and implement the management system on the information disclosure and the internal reporting system on significant information, promote the company and related parties to perform the information disclosure obligations according to law, and deal with the work of disclosing the regular report and ad hoc report at the Stock Exchange according to the relevant provisions;

(3) to coordinate the relationship between the company and the investors, receive the visit of investors, answer the enquiry of the investors and provide the investors with the information disclosure materials of the company;

(4) to arrange the shareholders general meeting and the meeting of the board of directors according to the statutory procedures and prepare and submit the relevant documents and materials for the meetings;

(5) to attend the meeting of the board of directors and take the meeting minutes and sign on it;

(6) be responsible for the secret-guarding job relate with the information disclosure of the company, formulate the secret-guarding measures, promote the directors, supervisors and other senior management personnel as well as related persons in the know to keeping secrets before disclosing the information, and adopt the remedial measures promptly in case the inside information is divulged and report such matter to the Stock Exchange at the same time;

(7) be responsible for keeping the roster of the shareholders, the roster of the directors, supervisors and senior management personnel, the materials concerning the holding of the company's shares by the holding company shareholders, directors, supervisors and senior management personnel, and the documents and minutes of the shareholders general meetings and the meetings of the board of directors;

(8) to assist the directors, supervisors and senior management personnel to acquaint themselves with the laws, administrative rules and regulations, departmental regulations, these Rules, other provisions of the Stock Exchange and the articles of association related with information disclosure, and the content of listing agreements relate with their legal liability;

(9) to promote the board of directors to exercise its functions and responsibilities according to law; if the resolution to be adopted in the board of directors violate the laws, administrative rules and regulations, departmental regulations, these Rules, other provisions of the Stock Exchange or the articles of association, he shall remind the directors attending the meeting of this matter and recommend the supervisors who attend the meeting as non-voting attendees to state their opinion on this; if the board of directors insist on adopting the above resolutions, the secretary of the board of directors shall take down the opinion of the relevant supervisors and his personal opinion on the meeting minutes and report such matters to the Stock Exchange; and

(10) other duties that should be performed as required by the "Company Law" and the Stock Exchange.

3.2.3 A listed company shall provide the convenient conditions for the secretary of the board of directors to perform the duties, the directors, supervisors, senior management personnel and relevant working personnel shall support and cooperate with the secretary of the board of directors in the work.

For the purpose of performing his duties, the secretary of the board of directors has the right to acquaint himself with the financial and business situations of the company, attend the relevant meetings related with the information disclosure, consult all the documents related with the information disclosure, and request the relevant departments and personnel of the company to provide related materials and information.

If the secretary of the board of directors is improperly hindered or seriously obstructed in the course of performing his duties, he may directly report the case to this Stock of Exchange.

3.2.4 The secretary of the board of directors shall be equipped with the professional knowledge required in performing his duties such as financial affairs, management and law, have excellent professional ethics and personal quality, and have acquired the training qualification certificate of the secretary of the board of directors issued by the Stock Exchange. Any person that is under any of the following circumstances shall not act as the secretary of the board of directors:

(1) under any of the situations as prescribed by Article 147 of the "Company Law";

(2) having record of administrative penalty by the CSRC in the last three years;

(3) being publicly condemned or circulated the criticism for more than three times by the CSRC in the last three years;

(4) acting as the current supervisor of the company; or

(5) other situations under which he is deemed by the Stock Exchange to be unsuitable for acting as the secretary of the board of directors.

3.2.5 A listed company shall appoint the secretary of the board of directors within three months after the listing of the shares of initial public offering, or within three months after the original secretary of the board of directors leaving the post.

3.2.6 The listed company shall submit the following materials to the Stock Exchange five trading days before the holding of the meeting of the board of directors on appointing the secretary of the board of directors:

(1) the recommendation letter of the board of directors, including the statement concerning therecommended (candidate)'s position qualification that complies with the provisions of these Rules, the current position, working performance, etc;

(2) the personal resume of the candidate and a copy of his education certificate;

(3) a copy of the training qualification certificate of the secretary of the board of directorswhich is issued by the Stock Exchange and acquired by the candidate;

If the Stock Exchange does not raise any objections towards the position qualification of the candidate of the secretary of the board of directors, the company may convene the meeting of the board of directors to appoint the secretary of the board of directors.

3.2.7 The listed company shall appoint an securities affairs representative to assist the secretary of the board of directors to perform his duties. In case the secretary of the board of directors is unable to perform the duties, the securities affairs representative shall perform the duties on his behalf and exercise the corresponding power. During such period, the responsibility of the secretary of the board of directors towards the information disclosure affairs of the company shall not be exempted actually.

The securities affairs representative shall acquire the training qualification certificate of the secretary of the board of directors issued by the Stock Exchange.

3.2.8 After appointing the secretary of the board of directors and the securities affairs representative, the listed company shall make the public announcement promptly and submit the following materials to the Stock Exchange:

(1) the appointment letter of the secretary of the board of directors and the securities affairs representative or related resolutions of the board of directors;

(2) the contact information of the secretary of the board of directors and the securities affairs representative, including the office telephone, home telephone, mobile telephone, fax, communication address and the personal email address, etc; and

(3) the contact information of the chairman of the board, including the office telephone, mobile telephone, fax, communication address, the personal email address, etc.

If any of the above contact information changes, the company shall submit the changed materials to the Stock Exchange promptly.

3.2.9 A listed company shall have sufficient grounds in dismissing the secretary of the board of directors and shall not dismiss him without reasons.

If the secretary of the board of directors is dismissed or leaves his position, the company shall report the matter to the Stock Exchange promptly, state the reasons and make the public announcement.

The secretary of the board of directors shall have the right to present the report of personal statement to the Stock Exchange regarding his improper dismissing or the information related with his leaving the post.

3.2.10 If the Stock Exchange recommends a listed company to replace the secretary of the board of directors according to Article 17.4 of these Rules, or the secretary of the board of directors is under any of the following circumstances, the listed company shall dismiss him within one month as of the date on which the relevant events occur:

(1) any of the circumstances mentioned in Article 3.2.4;

(2) failing to perform his duties for more than three consecutive months;

(3) making significant mistakes or having omissions in performing his duties and thus causing heavy damages to the investors; or

(4) violating the laws, administrative rules and regulations, departmental regulations, these Rules, other provisions of the Stock Exchange and the articles of association and thus causing heavy damages to the investors.

3.2.11 When appointing the secretary of the board of directors, the listed company shall sign the secret-guarding agreement with him, and request him to promise that he will perform the obligation of keeping the secrets during his term of office and after his leaving the post until relevant information is disclosed, however, the information related with the company's violation of laws and regulations shall be excepted.

Before leaving the post, the secretary of the board of directors shall accept the post-leaving examination of the board of directors and the supervisory board, and transfer the relevant filing documents, the matters being handled and other matters to be handled under the supervision of the supervisory board.

3.2.12 During the vacancy period of the secretary of the board of directors, the listed company shall designate without delay a director or senior management personnel to perform the duties on behalf of the secretary of the board of directors and report such matter to the Stock Exchange for a record, it shall also determine the candidate of the secretary of the board of directors as soon as possible. Before designating the person who performs the duties on behalf of the secretary of the board of directors, the chairman of the board shall perform such duties.

If the vacancy period of the secretary of the board of directors exceeds three months, the chairman of the board shall perform the duties on behalf of the secretary of the board of directors until the company appoints a new secretary of the board of directors.

3.2.13 The listed company shall ensure that the secretary of the board of directors participates in the continuing training of the secretary of the board of directors organized by the Stock Exchange during his term of office according to the requirements.

3.2.14 The Stock Exchange shall accept the secretary of the board of directors, the person that performs the duties on behalf of the secretary of the board of directors as prescribed by Article 3.2.12, or the securities affairs representative to handle the information disclosure and shareholding management affairs in the name of the listed company.

Chapter IV Sponsorship Institutions

4.1 The Stock Exchange shall exercise the listing sponsorship system for shares and corporate bonds that can be converted into shares (hereinafter refereed to as the "convertible corporate bonds"). If an issuer applies for listing and trading in the Stock Exchange of the initial public offer shares, new shares issued after the listing or convertible corporate bonds at the Stock Exchange, or applies for resuming the listing after the company's shares have been suspended the listing, it shall be sponsored by a sponsorship institution.

The sponsorship institution shall be the securities business institution that is registered by the CSRC and listed in the name list of sponsorship institutions and possess the membership qualification of the Stock Exchange; a listing-resumption sponsorship institution shall possess the business qualification of the securities dealer to engage in the business of shares transfer on behalf of companies as prescribed by the "Measures for Administration of Business Qualification of Securities Dealers in the Securities Companies' Handling Shares Transfer on Behalf of Companies(Trial Implementation)" which are formulated by the China Securities Industry Association.

4.2 The sponsorship institution shall sign the sponsorship agreement with the issuer and clearly define the rights and obligations of both parties during the period when the issuer applies for listing or resuming the listing and the period of continuing supervision. The sponsorship agreement shall stipulate the time when the sponsorship institution peruses the information disclosure documents of the issuer and the place thereof.

For the shares of initial public offering, the time period for continuing supervision shall be the remaining time of the current year in which the shares are listed and the following two complete fiscal years; in case the new shares or convertible corporate bonds are issued, the time period for continuing supervision shall be the remaining time of the current year in which the shares or convertible corporate bonds are listed and the following one complete fiscal year; in case the resumption of listing is applied, the time limit for continuing supervision shall be the remaining time of the current year in which the shares are resumed for listing and the following one complete fiscal year. The time period for the continuing supervision shall be calculated from the date on which the shares or convertible corporate bond are listed.

4.3 The sponsorship institution shall appoint two sponsorship representatives to take charge the specific sponsorship work, and act as the designated contact persons between the sponsorship institution and the Stock Exchange.

The sponsorship representative shall be the natural person that has been registered by the CSRC and listed into the name list of sponsorship representatives.

4.4 When sponsoring the listing of the shares or convertible corporate bonds (except for the resumption of listing of shares), the sponsorship institution shall submit the listing sponsorship letter, sponsorship agreement, certificate documents of the sponsorship institution and the relevant sponsorship representatives that have been registered by the CSRC and listed into the name lists of the sponsorship institutions and sponsorship representatives, the power of attorney issued to the sponsorship representatives by the sponsorship institution which is signed by the chairman of the board or the general manager, and other documents related with the listing sponsorship work.

The documents to be submitted and the contents thereof by the sponsorship institution in the course of sponsoring the shares to resume the listing shall be governed by the relevant provisions in accordance with Section II of Chapter XIV of these Rules.

4.5 The listing sponsorship letter mentioned in the preceding article shall include the following contents:
(1) a brief account of the company issuing the shares or convertible corporate bonds;

(2) issuing situation of the shares, convertible corporate bonds which are applied to list;

(3) Statements on the potential adverse influence on the sponsorship institution's impartial performance of his sponsorship duties;

(4) matters that should be promised by the sponsorship institution according to the relevant provisions;

(5) arrangements for the continuing supervision work of company;

(6) contact address, telephone number and other contact information of the sponsorship institution and relevant sponsorship representatives;

(7) other matters that the sponsorship institution deems to be stated; and

(8) other contents required by the Stock Exchange.

The listing sponsorship letter shall be signed by the legal representative (or the authorized representative) and relevant sponsorship representatives of the sponsorship institution and indicated the date and affix the seal of the sponsorship institution thereon.

4.6 The sponsorship institution shall supervise the issuer to perform the information disclosure and other related obligations according to the provisions of these Rules, supervise the issuer and its directors, supervisors and senior management personnel to observe these Rules and perform the undertakings they give to the Stock Exchange, peruse the information disclosure documents of the issuer and other documents submitted to the Stock Exchange, and ensure the truthfulness, accuracy and completeness of the documents related with the sponsorship work which are submitted to the Stock Exchange.

4.7 The sponsorship institution shall complete the perusal of relevant documents before the issuer submit the information disclosure documents and other documents to the Stock Exchange, or within five trading days after performing the obligation of information disclosure, and supervise the issuer to promptly correct the problems found in the perusal.

4.8 The stated opinion of the sponsorship institution in performing the sponsorship responsibilities shall be informed to the issuer and kept in the sponsorship working file.

The issuer shall cooperate with the sponsorship institution and the sponsorship representatives in the work.

4.9 If the sponsorship institution has sufficient reasons to believe that the issuer may commit the activities that violate the provisions of these Rules during the period of performing the sponsorship responsibilities, it shall urge the issuer to make the explanations and make the rectification within a specified time limit; in case the circumstances are serious, it shall report the matter to the Stock Exchange.

4.10 If the sponsorship institution has the sufficient reasons to believe that the professional opinion issued by the intermediary agencies and their signatories according to these Rules may contain such situations that violate the laws and regulations as false records, misleading statements and significant omissions or other improper situations, it shall state the opinion without delay; in case the circumstances are serious, it shall report such matter to the Stock Exchange.

4.11 If the sponsorship institution replaces the representatives, it shall notify the issuer, and report the matter to the Stock Exchange within five trading days and state the reasons and provide the relevant materials of the replaced sponsorship representatives. The issuer shall disclose promptly the matters concerning replacing the sponsorship representatives after receiving the notice.

4.12 If the sponsorship institution terminates the sponsorship agreement with the issuer, it shall report the matter to the Stock Exchange within five trading days from the date on which the agreement is terminated and state the reasons, and the issuer shall announce this to the public.

If the issuer arranges another sponsorship institution, it shall report this matter to the Stock Exchange promptly and make a public announcement. The newly- arranged sponsorship institution shall submit the relevant documents as prescribed by Article 4.4 to the Stock Exchange.

4.13 The sponsorship institution shall submit the sponsorship summary report to the Stock Exchange within ten trading days after completing the continuing supervision work.

4.14 Any institutions, relevant sponsorship representatives and other persons participate in the sponsorship work shall not engage in the inside trading with the undisclosed information that is acquired during the period they engage in the sponsorship work, and seek profits for themselves or for others.

Chapter V Listing of Shares and Convertible Corporate Bonds

Section I Initial Public Offering of Shares and Listing

5.1.1 Any issuer applies for listing of shares at the Stock Exchange after the initial public offering of such shares shall comply with the following conditions:

(1) the shares have been issued publicly upon the verification of the CSRC;

(2) the total amount of the share capital of the company shall be not less than RMB 50 million Yuan;

(3) the shares issued publicly shall amount to 25% or more of the total shares of the company; if the total amount of the share capital of the company exceeds RMB 4 billion Yuan, the ratio of the shares issued publicly shall amount to 10 % or more of the total shares;

(4) the company have not committed any significant illegal activities in the recent three years, and its financial and accounting statements contain no false records in the same period; and

(5) other conditions required by the Stock Exchange.

5.1.2 After the application for initial public offer of shares by the issuer has been approved by the CSRC, the issuer may make the application for listing of shares at the Stock Exchange. Any issuer that applies for the listing of shares shall submit the following documents:

(1) the listing report (written application);

(2) the document of the CSRC to approve the initial public offer of shares;

(3) resolutions of the board of directors and the shareholders general meeting that apply for the listing of shares;

(4) a photocopy of the business license;

(5) articles of association;

(6) the financial and accounting reports of the issuer in the last three years which have been audited according to law by the accounting firm that possesses the qualification to conduct the relevant securities and futures businesses;

(7) the certificate documents indicating that the total shares of the issuer have been trusted by the Shanghai branch of the China Securities Depository and Clearing Corporation Limited (hereinafter referred to as the "Depository Corporation") after the completion of initial public offer;

(8) The capital verification report issued by the accounting firm that possesses the qualification to conduct the relevant securities and futures businesses after completing the initial public offer;

(9) The explanations on the situations of the holding of the company's shares by the directors, supervisors and the senior management personnel and the "Declaration and Undertakings of Directors (Supervisors or Senior Management Personnel)";

(10) Relevant materials of the secretary of the board of directors to be appointed or having been appointed by the issuer;

(11) the financial materials and the explanations on relevant significant matters newly added as prescribed after the initial public offer of shares and before the listing (if applicable);

(12) the shareholding lock-up certificate of the holders of the shares already issued before the initial public offer within one year from the date on which the shares of the issuer are listed;

(13) the undertaking letter mentioned in Article 5.1.4;

(14) the latest prospectus on share offer and the complete declaring materials of issuance which have been examined by the CSRC;

(15) the listing announcement letter prepared according to the relevant provisions;

(16) the sponsorship agreement and the listing sponsorship letter issued by the sponsorship institution;

(17) the legal opinions issued by the law firm; and

(18) other documents required by the Stock Exchange.

5.1.3 An issuer and its directors, supervisors and senior management personnel shall ensure the truthfulness, accuracy and completeness of the contents of the listing application documents submitted to the Stock Exchange and contain no false records, misleading statements or significant omissions.

5.1.4 When an issuer applies for listing of shares at the Stock Exchange, the holding company shareholders and defacto controllers shall promise that: within 36 months from the date on which the shares of the issuer are listed, they shall not transfer or entrust others to manage the shares of the issuer already held by them directly or indirectly, and the issuer shall not purchase such shares; if the issuer increases the capital to expand the shares within 12 months before publishing the prospectus on share offer, the holders of the newly-added shares shall promise that: within 36 months from the date on which the issuer completes the formalities for the change registration of industry and commerce for increasing the capital and expanding the shares, they shall not transfer such newly-added shares held by them.

The issuer shall disclose the above undertakings in the listing announcement.

5.1.5 Within seven trading days after receiving the whole listing application documents listed in Article 5.1.2 which are submitted by the issuer, the Stock Exchange shall make a decision on whether or not to approve the listing and notify such to the issuer. If any particular situation occurs, the Stock Exchange may suspend to make the decision on whether or not to approve the listing.

5.1.6 The Stock Exchange shall establish a Listing Committee to examine listing applications, make the professional judgments independently and constitute the examination opinion.

The conditions listed in Item (1) to (4) of Article 5.1.1 shall be the necessary conditions for listing at the Stock Exchange, the Stock Exchange shall not ensure that the listing application of an issuer can be surely approved by the Stock Exchange even if it complies with the above conditions.

5.1.7 An issuer shall disclose the following documents and matters in designated media within five trading days before listing of the shares:

(1) the listing announcement;

(2) the articles of association;

(3) resolution of the shareholders general meeting that applies for listing of the shares;

(4) listing sponsorship letter;

(5) legal opinions; and

(6) other documents and matters required by the Stock Exchange.

The above documents shall be placed in the domicile of the company for the public to consult.
During the period when the issuer applies for listing of the shares, the information related with the listing shall not be disclosed without the consent of the Stock Exchange.

Section II Listing of new shares and convertible corporate bonds of listed companies

5.2.1 When a listed company applies for the arrangement of matters concerning the issuance of new shares and convertible corporate bonds at the Stock Exchange, it shall submit the following documents:

(1) the approval document of the CSRC;

(2) the whole issuance declaration materials having been examined by the CSRC;

(3) the arrangement for the estimated time of issuance;

(4) the specific implementing scheme of the issuance and the issuance announcement;

(5) related letter of intent for share offer or the prospectus on share offer; and

(6) other documents required by the Stock Exchange.

5.2.2 A listed company shall prepare and disclose the relevant announcement related with the issuance of new shares and convertible corporate bonds according to the relevant provisions of the CSRC.

5.2.3 A listed company may apply for the listing of news shares and convertible corporate bonds at the Stock Exchange after the completion of issuance.

5.2.4 If a listed company applies for the listing of convertible corporate bonds at the Stock Exchange, it shall comply with the following conditions:

(1) the time limit for the convertible corporate bonds is not less than one year;

(2) the convertible corporate bonds to be actually issued shall be not less than RMB 50 million; and

(3) the statutory conditions for the issuing of corporate bonds still be met at the time of application for the listing.

5.2.5 If a listed company applies for the listing of new shares and convertible corporate bonds at the Stock Exchange, it shall submit the following conditions:

(1) the listing report (application form);

(2) the resolutions of the board of directors and the shareholders general meeting that apply for the listing;

(3) the listing announcement prepared according to the relevant provisions;

(4) the sponsorship agreement and the listing sponsorship letter issued by the sponsorship institution;

(5) the capital verification report issued by the accounting firm that possesses the qualification to conduct the relevant securities and futures businesses after the completion of issuance;

(6) the written confirmation documents of the registration company to register the trusteeship ofthe newly-added shares and convertible corporate bonds;

(7) the report on the change situations of the shareholding of the directors, supervisors and senior management personnel (applicable for the listing of new shares);

(8) the report on the change of shares (applicable for the listing of new shares); and

(9) other documents required by the Stock Exchange.

5.2.6 A listed company shall disclose the following documents and matters in designated media within five trading days before the listing of new shares and convertible corporate bonds:

(1) listing announcement;

(2) the report on the change of shares (applicable for the listing of new shares); and

(3) other documents and matters required by the Stock Exchange.

Section III Listing and Trading of the Restricted Shares

5.3.1 When a listed company applies for the listing of its internal employee shares at the Stock Exchange, it shall submit the following documents:

(1) listing application form;

(2) written response of the CSRC on the time for the listing of internal employee shares;

(3) the explanations on the shareholding information of the internal employee shares and the trusteeship certificate thereof;

(4) the alert announcement on the listing of internal employee shares; and

(5) other documents required by the Stock Exchange.

5.3.2 Upon the consent of the Stock Exchange, a listed company shall disclose the alert announcement on the listing of internal employee shares three trading days before the listing of such shares. The alert announcement shall include the following contents:

(1) the time for listing, the amount of the shares to be listed and the amount of the shares held by the directors, supervisors and senior management personnel;

(2) the price of issuance;

(3) the information on the previous changes of shares; and

(4) the number of the persons who hold the internal employee shares.

5.3.3 When the relevant shares of a listed company or the (original) directors, supervisors and senior management personnel thereof apply for removing the lock-up of the company's shares held by them at the Stock Exchange, they shall submit the following documents:

(1) the application for removing the lock-up of shares;

(2) the reasons for removing the whole or part of the lock-up shares and related certificate documents (if applicable)

(3) the alert announcement of listing and trading; and

(4) other documents required by the Stock Exchange.

5.3.4 If a listed company applies for the listing and trading of the shares rationed to the securities investment fund, legal persons or strategic investors, it shall submit the following documents to the Stock Exchange:

(1) the application form of listing and trading;

(2) announcement of the rationed results;

(3) the trusteeship certificate of the rationed shares;

(4) expiations on rationing the shares to the securities investment fund, legal persons or strategic investors;

(5) alert announcement of listing and trading; and

(6) other documents required by the Stock Exchange.

5.3.5 Upon the consent of the Stock Exchange, a listed company shall disclose the alert announcement of listing and trading three trading days before the listing and trading of the rationed shares. The alert announcement shall include the following contents:

(1) the time for listing and trading of the rationed shares;

(2) the amount for listing and trading of the rationed shares;

(3) the price of issuance of the rationed shares; and

(4) the information on the previous changes of shares.

5.3.6 If a listed company applies for the listing and trading of the shares restricted for sale after the equity division reform, it shall submit the flowing documents to the Stock Exchange:

(1) application form of listing and trading;

(2) explanations on the shareholding information of the holders of shares restricted for sale and the explanations on the trusteeship;

(3) the promises on restricting the sale made by the persons who hold the shares restricted for sale and the explanations on the performance of such promises;

(4) certificate documents on dissolving the conditions on restricting the sale;

(5) the alert announcement of listing and trading; and

(6) other documents required by the Stock Exchange.

5.3.7 Upon the consent of the Stock Exchange, a listed company shall disclose the alert announcement of listing and trading three trading days before the listing and trading of the shares restricted for sale after the equity division reform. The alert announcement shall include the following contents:

(1) the time and amount of listing and trading of relevant shares;

(2) the promises on restricting the sale made by relevant shareholders and the performance situations thereof; and

(3) other contents required by the Stock Exchange.

5.3.8 Other shares that need to be listed and traded upon the consent of the Stock Exchange shall be governed by the relevant provisions of this Chapter.

Chapter VI Regular Reports

6.1 The regular reports of a listed company shall include the annual report, interim report and quarterly report.

The company shall complete the preparation of the regular reports and disclose them within the time limit specified by laws, administrative rules and regulations, departmental regulations and these Rules. Among them, the annual report shall be prepared and disclosed within four months following the end of each fiscal year, the interim report shall be prepared and disclosed within two months following the end of the first half-year of each fiscal year, and the quarterly report shall be prepared and disclosed within one month following the end of the first three months and nine months of each fiscal year. The disclosure of the first quarterly report shall not be earlier than that of the annual report of the preceding fiscal year.

If the company estimates that any regular report can not be disclosed within the prescribed time limit, it shall report such matter to the Stock Exchange promptly, and make a public announcement on the reasons why the disclosure can not be made within the prescribed time limit, the solution thereof and the deadline for postponing the disclosure.

6.2 A listed company shall agree on the time for disclosing the regular reports with the Stock Exchange, which shall make overall arrangements on the disclosure order of the regular reports of various companies according to the equilibrium disclosure principle.

The company shall handle the matters concerning the disclosure of regular reports according to the time arranged by the Stock Exchange. If it is necessary to change the disclosure time due to other reasons, it shall make the written application at the Stock Exchange within five trading days and state the reasons of the change and the disclosure time after the change, the Stock Exchange shall determine whether or not to make the adjustment according to the circumstances. The Stock Exchange shall accept the change application for a subject matter once in principle.

6.3 A listed company shall prepare and disclose the regular reports according to the relevant provisions of the CSRC and the Stock Exchange.

The full text and summary (main body) of the regular reports shall be disclosed in the relevant designated media separately according to the requirements of the Stock Exchange.

6.4 The directors and senior management personnel of a listed company shall sign a written opinion for confirmation on the regular reports; the supervisory board shall examine the regular reports worked out by the board of directors and issue a written opinion for examination in the form of the resolution of the supervisory board.

6.5 The financial and accounting report in the annual report of a listed company shall be audited by the accounting firm that possesses the qualification to conduct the relevant securities and futures businesses. The financial and accounting report in the interim report may not be audited, however, the auditing shall be made if the company is under any of the following circumstances:

(1) to intend to distribute the profits in the next half-year, increase the capital or make up the losses with the common reserve fund;

(2) to intend to make the application for re-financing such as issuing the new shares or convertible corporate bonds, which need to be audited according to the relevant provisions; or

(3) other situations that the CSRC or the Stock Exchange deems to be audited.

The financial materials in the quarterly report may not be audited, except as otherwise stipulated by the CSRC and the Stock Exchange.

6.6 A listed company shall submit the regular reports to the Stock Exchange and submit the following documents after such regular reports have been adopted through deliberation by the board of directors:

(1) the full text and the summary of the annual report (the full text and summary of the interim report, the full text and the main body of the quarterly report);

(2) the original copy of the auditing report (if applicable);

(3) resolutions of the board of directors and the supervisory board as well as the announcement draft;

(4) electronic documents stating the regular reports and financial date which are prepared as required by the Stock Exchange;

(5) application for the suspension of trading (if applicable); and

(6) other documents required by the Stock Exchange.

6.7 Before disclosing any regular report, if the performance is divulged ahead of time or the trading of the shares of the company and the derivative products thereof fluctuates abnormally due to the rumor of performance, the listed company shall disclose without delay such report and related financial data (no matter whether or not it has been audited), including the income of the major business, the profits of the main business, the total amount of the profits, net profits, total assets, net assets, etc.

6.8 According to the provisions of the "No.14 Rules on the Compilation and Reporting of Information Disclosure of Companies Issuing the Securities Publicly──the Disposal of the Nonstandard and Unreserved Auditing Opinion and the Matters Involved", if the accounting firm issues the nonstandard and unreserved auditing opinion concerning the financial and accounting report of a listed company, the company shall provide the following documents at the Stock Exchange when submitting the regular reports:

(1) the special explanations made by the board of directors concerning the items involved in the auditing opinion, the resolution of the board of directors on examining such special explanations and the supporting materials of the resolutions;

(2) the stated opinion of the independent directors on the items involved in the auditing opinion;

(3) the opinion of the supervisory board on the special explanations of the board of directors and the relevant resolutions;

(4) the special explanations issued by the accounting firm responsible for auditing and the certified public accountant; and

(5) other documents required by the CSRC and the Stock Exchange.

6.9 The special explanations issued by the accounting firm responsible for auditing and the certified public accountant according to the provisions of the preceding paragraph shall at least include the following contents:

(1) the grounds and basis in issuing the nonstandard and unreserved auditing opinion;

(2) the specific influences of the items involved in the nonstandard and unreserved auditing opinion on the financial situation and operational results of the company during the reporting period, if the profits or loss of the company may be changed after deducting the influenced amount, such matter shall be clearly stated; and

(3) whether the items involved in the nonstandard and unreserved auditing opinion belong to the situation of obviously violating the accounting guidelines and systems or the situation as prescribed by the relevant regulations of information disclosure.

6.10 If the items involved in the nonstandard and unreserved auditing opinion mentioned in Article 6.8 do not belong to the situation of obviously violating the accounting guidelines and systems or the situation as prescribed by the relevant regulations of information disclosure, the board of directors of the listed company shall, according to the provisions of the "No.14 Rules on the Compilation and Reporting of Information Disclosure of Companies Issuing the Securities Publicly-the Disposal of the Nonstandard and Unreserved Auditing Opinion and the Matters Involved", make detailed explanations on such items involved in the auditing report in the relevant regular reports.

6.11 If the items involved in the nonstandard and unreserved auditing opinion mentioned in Article 6.8 do belong to the situation of obviously violating the accounting guidelines and systems or the situation as prescribed by the relevant regulations of information disclosure, the listed company shall rectify these items and conduct the re-auditing, and disclose the rectified financial and accounting report and the relevant auditing report within the time limit prescribed by the Stock Exchange.

If the listed company fails to disclose the rectified financial and accounting report and the relevant auditing report within the time limit prescribed by the Stock Exchange, the Stock Exchange shall report such case to the CSRC for investigation and dealing with it.

The time for rectifying the above items by the company shall be excluded from the time limit within which the Stock Exchange shall make the relevant decisions.

6.12 A listed company shall earnestly treat the after-event examination opinion of the Stock Exchange on its regular reports, promptly answer the inquires of the Stock Exchange and make the explanations and statements on the relevant contents of regular reports according to the requirements. If it is necessary to rectify through disclosure or supplement the announcement and revise the regular report, the company shall make the public announcement after going through the corresponding formalities, and disclose the full text of the revised regular reports on the website of the Stock Exchange.

6.13 For a company which issues convertible corporate bonds, its annual report and interim report shall include the following contents:

(1) the information on the previous adjustments of the price of the convertible corporate bonds converted into shares, the latest adjusted price thereof;

(2) the information on the convertible corporate bonds accumulatively converted into shares after the issuance of the convertible corporate bonds;

(3) name list of the first ten holders of the convertible corporate bonds and their respectiveshareholdings;

(4) Significant changes on the profit-making ability of the guarantor, status of its assets and credibility;

(5) Status of liabilities and changes of credibility of the company and its cash arrangement for the repayment in the future years; and

(6) Other contents prescribed by the CSRC and the Stock Exchange.

Chapter VII General Stipulations of the Interim Reports

7.1 Other announcements apart from the regular reports which are disclosed by listed companies shall be interim reports.

If the contents of an interim report involve the significant items mentioned in Chapter VIII, IX, X and XI of these Rules, the disclosure requirements and relevant examination procedures shall comply with the provisions of this Chapter and the provisions of the above Chapters as well.

The interim report shall be issued by the board of directors and affixed the seal of the company or the board of directors (the announcements of the supervisory board's resolutions may be affixed the seal of the supervisory board.

7.2 A listed company shall submit the interim reports without delay to the Stock Exchange and disclose them. The relevant documents for future reference involved in the interim reports shall be disclosed in the website of the Stock Exchange at the same time.

7.3 A listed company shall disclose promptly the significant items which may considerably affect the trading price of the shares of the company and the derivative products thereof (hereinafter referred to as the "significant items" when the following time and places firstly occurs:

(1) at the time when the board of directors or the supervisory board makes the resolutions on such significant items;

(2) at the time when relevant parties sign the letter of intents or agreements on such significant items (no matter whether it is with collateral conditions or terms or not); and

(3) at the time when any director, supervisor or senior management personnel knows or should know such significant items.

7.4 If any significant item is still under the preparation phase while any of the following circumstances occurs before the relevant time and places mentioned in Item (1) and (2) of the preceding Article occur, the listed company shall disclose the relevant preparation information and the existing facts promptly:

(1) such significant item is difficult to be kept confidential;

(2) such significant item has been divulged or there are rumors about this in the market; and

(3) the trading of the shares of the company and the derivative products thereof fluctuates abnormally.

7.5 After disclosing the interim report according to the provisions of Article 7.3 and 7.4, a listed company shall also continue to disclose the proceeding situation of significant items according to the following provisions:

(1) if the board of directors, supervisory board or the shareholders general meeting make a resolution on such significant items, it shall disclose the resolution information promptly;

(2) if the company signs the letter of intents or agreements with the relevant parties on such significant items, it shall disclose the major contents of the letter of intents or agreements promptly; in case major changes occurs in the contents or the performance situation of the above letter of intents or agreements or such letter of intents or agreements are rescinded or terminated, it shall promptly disclose the situation concerning the major changes and the rescission and termination information and the reasons thereof;

(3) if such significant items are approved or disapproved by the relevant departments, it shall disclose the information on the approval or disapproval promptly;

(4) if such significant items result in the late payment, it shall promptly disclose the reasons for the postponement and the arrangement for the payment;

(5) if the major targeted matters involved in such significant items have not been delivered or transferred the ownership, it shall disclose the information on the delivery or transferring the ownership promptly; if such delivery or ownership transfer is still not been completed within three months after the agreed time limit for the payment or ownership transfer, it shall promptly disclose the reasons why it is not completed on schedule, the proceeding information and the estimated time for the completion, and announce the proceeding information on every 30 days until the completion of the delivery or the ownership transfer; and

(6) if such significant items results in other progresses or changes that may considerably affect the trading price of the shares of the company and the derivative products thereof, it shall promptly disclose the information on such progresses or changes.

7.6 If any interim report submitted by a listed company within the prescribed time limit according to Article 73 or 7.4 does not comply with the relevant requirements, it may disclose the alert announcement first to explain the reasons why such disclosure can not be made according to the requirements, and promise to disclose the announcement that complies with the requirements within two trading days.

7.7 Any significant items mentioned in Chapter IX, X and XI of these Rules occur in the holding subsidiary company of a listed company shall be deemed to occur in such listed company, and the listed company shall perform the information disclosure obligation in accordance with the provisions of the preceding Chapters.

If a company which contributes capital in the listed company comes about the significant items mentioned in Chapter IX and XI of these Rules or engages in the transactions with the affiliates of the listed company on the items mentioned in Article 10.1.1, which may considerably affect the trading price of the shares of the listed company and the derivative products thereof, the listed company shall perform the information disclosure obligation with reference to the provisions of the preceding Chapters.

Chapter VIII Board of Directors, Supervisory Board and the shareholders general meeting

Section I Resolutions of the Board of Directors and the Supervisory Board

8.1.1 Where a listed company convenes the meeting of the board of directors, it shall report promptly the resolutions of the board of directors (including the resolutions of the board of directors in which all the proposals are overruled) to the Stock Exchange after the meeting. The resolutions of the board of directors shall be signed and confirmed by the directors attending the meeting.

If the Stock Exchange requests to provide the meeting minutes of the board of directors, the company shall provide it as required.

8.1.2 Regarding the items in the resolutions of the board of directors which shall be voted by the shareholders general meeting and the significant items mentioned in Chapter VI, IX, X and XI of these Rules, the listed company shall disclose them promptly; regarding the resolutions of the board of directors which involve in other items, if the Stock Exchange deems necessary, the company shall also disclose them promptly.

8.1.3 If the resolutions of the board of directors involve in any significant items mentioned in Chapter VI, IX, X and XI of these Rules, which are required to be announced to the public according to the relevant provisions of the CSRC or the announcement format guidelines formulated in the Stock Exchange, the listed company shall disclose the announcements of the resolutions of the board of directors and the announcements of the relevant significant items separately.

8.1.4 The announcement of the resolutions of the board of directors shall include the following contents:
(1) Time and method of the issuance of the meeting notice;

(2) time, place and method of convening the meeting, and the explanations on whether it complies with the relevant laws, administrative rules and regulations, departmental regulations and the articles of association;

(3) The number and names of the directors who entrust others to attend the meeting and the absent directors, the reasons for the absence and the names of the entrusted directors;

(4) polls of the consent, dissent and abstention for each proposal, the reasons for the dissenting and abstention of relevant directors;

(5) information on the names of the directors who should withdraw from the voting, reasons for withdrawal and the withdrawal status if the affiliated transaction is involved,

(6) if it requires the independent directors to recognize beforehand or express the opinion independently, the prior recognizing situation and the expressed opinion shall be stated; and

(7) specific contents of the matters discussed and the resolutions made in the meeting.

8.1.5 If a listed company convenes the meeting of the supervisory board, it shall report the resolutions of the supervisory board to the Stock Exchange promptly after the meeting, and disclose the announcement of the resolutions of the supervisory board upon the registration of the Stock Exchange.

The resolutions of the supervisory board shall be signed and confirmed by the supervisors attending the meeting. The supervisors shall ensure that the contents in the announcement of the resolutions of the supervisory board are truthful, accurate and complete and no false records, misleading statements or significant omissions are contained therein.

8.1.6 The announcement of the resolutions of the supervisory board shall include the following contents:

(1) time, place and method of convening the meeting, the explanations on whether it complies with the relevant laws, administrative rules and regulations, departmental regulations and the articles of association;

(2) the number and names of the supervisors who entrust others to attend the meeting and the absent supervisors, the reasons for the absence and the names of the entrusted supervisors;

(3) polls of the consent, dissent and abstention for each proposal, the reasons for the dissenting and abstention of relevant supervisors;

(4) specific contents of the matters discussed and the resolutions made in the meeting.

Section II Resolutions of the shareholders general meeting

8.2.1 The convener shall issue the meeting notice of the shareholders general meeting to the shareholders in the form of announcement 20 days before convening the annual shareholders general meeting or 15 days before convening the interim shareholders general meeting.

The meeting notice of the shareholders general meeting shall clearly state the matters such as the time, place and method of convening the meeting, the convener of the meeting and the date of registration of the shareholding, etc. and sufficiently and completely disclose the specific contents of all the proposals. The convener shall also disclose other necessary materials which are conducive for the shareholders to make reasonable judgments on the matters to be discussed.

8.2.2 The convener shall report promptly the announcement draft of the resolutions of the shareholders general meeting, resolutions of the shareholders general meeting and the legal opinions to the Stock Exchange after the shareholders general meeting, and disclose the announcement of the resolutions of the shareholders general meeting upon the consent of the Stock Exchange.

If the Stock Exchange requests to provide the minutes of the shareholders general meeting, the convener shall provide as required.

8.2.3 After issuing the meeting notice for the shareholders general meeting, the shareholders general meeting shall not be postponed or revoked without proper reasons, and the proposals clearly listed in the notice of the shareholders general meeting shall not be revoked. Once the situation of postponement or revocation occurs, the convener shall issue the notice at least two trading days before the date original set for convening the meeting to state the specific reasons for the postponement or revocation. If the shareholders general meeting is postponed to be convened, the date of the postponed shareholders general meeting shall be clearly stated in the notice.

8.2.4 If a shareholder brings the interim proposal prior to the holding of the shareholders general meeting, the convener shall issue the supplementary notice for the shareholders general meeting within the prescribed time limit, and disclose the names or titles of the shareholder who brings the proposal, the shareholding ratio and the contents of the interim proposal.

8.2.5 If shareholders convene the shareholders general meeting at their own discretion, they shall notify the board of directors in writing and report the notice to the Stock Exchange for a record.

Before the announcement of the resolutions of the shareholders general meeting, the shareholding proportion of the shareholders convening the meeting shall not be less than 10%, and the shareholders convening the meeting shall apply for locking up the whole or part of the shares held by them within the above period before issuing the meeting notice of the shareholders general meeting.

8.2.6 If any emergency event occurs during the period of the shareholders general meeting and thus cause the holding of the meeting impossible, the convener shall promptly report such matter to the Stock Exchange and state the reasons and disclose the relevant information.

8.2.7 The announcement of the resolutions of the shareholders general meeting shall include the following contents:

(1) the time, place, method of holding the meeting, the convener and presider, and the explanations on whether or not it complies with the relevant laws, administrative rules and regulations, departmental regulations and the articles of association;

(2) the number of the shareholders (agents) attending the meeting, the shares they hold (acting as agents) and the proportion of such shares to the total shares with the voting rights of the listed company; the listed company that has not completed the shareholding division reform shall also disclose the situation where the shareholders of tradable shares and non-tradable shares attending the meeting;

(3) the voting method and voting result of each proposal; the listed company which has not completed the shareholding division report shall also disclose the voting situation of the shareholders of tradable shares and non-tradable shares which are counted separately; if the proposals of the shareholders are involved, the names or titles of the shareholders who bring the proposal, the proportion of the shareholding and the contents of the proposals shall be stated clearly; if the matters related with affiliated transactions are involved, the situation on the withdrawal of voting by affiliated shareholders shall be clearly stated; if the listed company which has not completed the shareholding division reform involves in the proposal that requires the tradable shareholders to make the independent voting, such matter shall be stated specially;

the listed company that issues the foreign shares which are listed in China shall also state the situation on the issuance of the notice of the shareholders general meeting, and the situation on the attending of the meeting by the shareholders of domestic shares and foreign shares separately and the voting information; and

(4) the conclusive opinion of the legal opinions. If there is any dissenting proposal occurs in the shareholders general meeting, the full text of legal opinions shall be disclosed.

8.2.8 Any significant items that haven't been disclosed are notified to the shareholders in the shareholders general meeting shall be disclosed together with the announcement of the resolutions of the shareholders general meeting.

Chapter XI Transactions Should be Disclosed

9.1 The "Transactions" as referred to in this Chapter shall include the following items:

(1) purchasing or selling the assets;

(2) foreign investment (including the entrusted financing, entrusted loans, etc);

(3) providing the financial assistance;

(4) providing the guaranty;

(5) leasing in or leasing out the assets;

(6) entrusting or entrusted to manage the assets and business;

(7) donating or accept the donation of assets;

(8) the recombination of claims and debts;

(9) concluding of license agreements;

(10) transferring or accepting the research and development projects; and

(11) other transactions determined by the Stock Exchange.

The purchasing or selling assets mentioned above shall not include the purchase of the raw materials, fuels and power, or the activities of purchasing or selling the assets related with the daily operation such as selling the products, goods, etc. however, the activities of purchasing or selling the assets involved in the assets replacement shall also be included.

9.2 If the transactions of a listed company (except for providing the guaranty) reach any of the following standards, they shall be disclosed promptly:

(1) the total amount of the assets involved in a transaction (if the par value and the evaluation value coexist, the higher shall be applied) accounts for more than 10% of the latest audited total assets of the listed company;

(2) the concluded amount in a transaction (including the debts and expenses undertaken) accounts for more than 10% of the latest audited net assets of the listed company and the absolute amount exceeds 10 million Yuan;

(3) the profits arising from a transaction accounts for more than 10% of the net profits of the listed company audited in the latest fiscal year and the resolute amount exceeds 1 million Yuan;

(4) the main business income of the transaction target (such as the shareholding) in the latest fiscal year accounts for more than 10% of the main business income of the listed company audited in the latest fiscal year and the resolute amount exceeds 10 million Yuan; and

(5) the net profits of the transaction target (such as the shareholding) in the latest fiscal year accounts for more than 10% of the net profits of the listed company audited in the latest fiscal year, and the absolute amount exceeds 1 million Yuan.

If the data involved in the above indexes are negative, their absolute value shall be used in the calculation.

9.3 If the transactions of a listed company (except for providing guaranty or accepting the gift of cash assets) reach any of the following standards, apart from being disclosed, they shall submit to the shareholders general meeting for deliberation:

(1) the total amount of the assets involved in a transaction (if the par value and the evaluation value coexist, the higher shall be applied) accounts for more than 50% of the latest audited total assets of the listed company;

(2) the concluded amount in a transaction (including the debts and expenses undertaken) accounts for more than 50% of the latest audited net assets of the listed company and the absolute amount exceeds 50 million Yuan;

(3) the profits arising from a transaction accounts for more than 50% of the net profits of the listed company audited in the latest fiscal year and the resolute amount exceeds 5 million Yuan;

(4) the main business income of the transaction target (such as the shareholding) in the latest fiscal year accounts for more than 50% of the main business income of the listed company audited in the latest fiscal year and the resolute amount exceeds 50 million Yuan; and

(5) the net profits of the transaction target (such as the shareholding) in the latest fiscal year accounts for more than 50% of the net profits of the listed company audited in the latest fiscal year, and the absolute amount exceeds 5 million Yuan.

If the data involved in the above indexes are negative value, their absolute value shall be used in the calculation.

9.4 If a listed company engages in two contrary transactions mentioned in the Paragraphs other than Item (2) to (4) of Article 9.1 concurrently with the same transaction party, the disclosure standard shall be calculated based on the higher index of the transactions.

9.5 If the transaction target is the shareholding of the company and the purchase or sale of such shareholding shall result in the change of the scope of consolidated accounting statements of the listed company, the corresponding total assets of the company and the main business income arising from such shareholding shall be regarded as the total assets involved in the transactions mentioned in Article 9.2 and 9.3 and the main business income related with such transaction target.

9.6 If the transaction merely reaches the standard prescribed in Item (3) or (5) of Article 9.3 and the absolute value of the earnings per share of the listed company in the latest fiscal year is below 0.05 Yuan, the company may apply at the Stock Exchange for exempting from applying the provisions of Article 9.3 regarding submitting the transaction to the shareholders general meeting for deliberation.

9.7 Where the transaction reaches the standard prescribed in Article 9.3, if the transaction target is the shareholding of the company, the listed company shall arrange the accounting firm with relevant qualification to conduct the securities and futures businesses to make the auditing over the financial and accounting report of the transaction target of another period in the latest year, the time period between the closing date of the auditing and the date on which the agreement is signed shall be not more than six months; if the transaction target is other non-cash assets other than the shareholding, the company shall engage the assets evaluation firm with relevant qualification to conduct the securities and futures businesses to conduct the evaluation, the time period between the evaluation benchmark date and the date on which the agreement is signed shall be not more than one year.

If the transaction does not reach the standard prescribed in Article 9.3, while the Stock Exchange deems it necessary, the company shall also engage the relevant accounting firm or assets evaluation firm to conduct the auditing or evaluation according to the provisions of the preceding paragraph.

9.8 If a listed company establishes companies through overseas investment and may pay up the capital contribution in installments according to Article 26 or 81 of the "Company Law", it shall apply the provisions of Article 9.2 or 9.3 based on the standard of the total amount of the contribution capital stipulated in the agreement.

9.9 When a listed company engages in the transactions of "providing the financial assistance" and "entrusted financing", the transaction amount shall be taken as the calculation standard and calculated cumulatively for 12 consecutive months according to the transaction category. If the transaction amount calculated cumulatively reaches the standard prescribed in Article 9.2 or 9.3, the provisions of Article 9.2 or 9.3 shall be applied.

If the company has performed relevant obligations according to Article 9.2 or 9.3, the amount shall not be included in the range of cumulative calculation.

9.10 If a listed company engages in transactions other than "providing the guaranty", "providing financial assistance" and "entrusted financing", it shall base on the principal of cumulative calculation for 12 months to apply the provisions of Article 9.2 or 9.3 separately on the relevant transactions under the same transaction category. If the company has performed relevant obligations according to Article 9.2 or 9.3, the amount shall not be included in the range of cumulative calculation.

Apart from the provisions of the preceding paragraph, if the company engages in the transaction of "purchasing or selling the assets", no matter whether the transaction targets are correlative, if the total assets or transaction amount involved in the transaction which are calculated cumulatively for 12 consecutive months exceeds 30% of the latest audited total capital of the company, they shall be disclosed and audited or evaluated referring to Article 9.7, and additionally submitted to the shareholders general meeting for deliberation and adopted by the shareholders attending the meeting who represent two thirds of the voting rights.

9.11 If a listed company engages in the transaction of "providing the guaranty", it shall submit the matter to the board of directors or the shareholders general meeting for deliberation, and make a public announcement promptly.

The following guaranty items shall be submitted to the shareholders general meeting for deliberation after being adopted through deliberation by the board of directors.

(1) the amount of each guaranty exceeds 10% of the latest audited net capital of the company;

(2) any guaranty provided after the amount of external guaranty of the company and its subsidiary holding companies has exceeded 50% of the latest audited net capital of the company;

(3) the guaranty that is provided to the guaranty object with the assets-liabilities ratio exceeding 70%;

(4) the amount of guaranty exceeds 30% of the latest audited total capital of the company based on the principal of cumulatively calculating the amount for 12 consecutive months.

Regarding the guaranty items that are within the scope of responsibilities of the board of directors, apart from being adopted by more than half of all the directors, the consent of more than two thirds of the directors attending the meeting of the board of directors shall be secured; the guaranty mentioned in the Item (4) of the preceding Paragraph shall be adopted by the shareholders attending the meeting who represent two thirds of the voting rights.

9.12 When disclosing the items of transaction, a listed company shall submit the following documents to the Stock Exchange:

(1) the announcement draft;

(2) the agreements or letter of intents related with the transactions;

(3) the resolutions of the board of directors, the announcement drafts of the resolution and the opinion of independent directors (if applicable);

(4) the written reply of the government involved in the transaction (if applicable);

(5) the professional report issued by the intermediary agencies (if applicable);

(6) other documents required by the Stock Exchange.

9.13 A listed company shall disclose the following contents applicable to its transactions according to the transaction category:

(1) a brief account of the transaction and the explanations on whether there is affiliated relationship between the trading parities; for the transactions that reach the disclosure standard based on the principle of cumulatively calculation, it shall introduce briefly the single transaction and the cumulative information;

(2) the basic information on the trading parities;

(3) the basic information on the transaction target, including the name of the target, its par value, evaluation value, operation information, whether there are mortgage, pledge or other rights of the third person on the relevant assets, whether the relevant assets involved in any significant disputes, lawsuits or arbitration matters or judicial measures such as sealing up, freezing, etc;

If the transaction target is the shareholding, the basic information of the corresponding company related with such shareholding and the financial data such as the total assets, total liabilities, net assets, main business income and the net profits of another period in the latest year shall be stated clearly,

If the sale of the shareholding of subsidiary holding company results in the change of the scope of consolidated accounting statements of the listed company, it shall clearly state the situations on whether it provides guaranty for the subsidiary company or entrusts the subsidiary company to manage the financial affairs and the situation on appropriating the capital of the listed company by such subsidiary company; if the situations exist, it shall disclose the amount involved in the above matters, the impact on the listed company and the settling measures thereof;

(4) the delivery status, delivery, and the time for transferring the ownership of the transaction target;

(5) the main contents in other aspects of the transaction agreement, including the concluded amount, method of delivery (cash, shareholding, replacing of assets, etc), term of delivery or the arrangements for payment in installments, conditions for the agreement's entry into effect, effective date and the term of validity, etc. if the transaction agreement has any additional or reservation clauses in any forms, they shall be specially stated;
If the transaction subjects to the approval of the shareholders general meeting or authority department, the legal procedures to be performed and the proceeding situation shall be clearly stated;

(6) the price fixing basis of the transaction, the capital resource for the payment of the company;

(7) the estimated profits to be derived by the company from the transaction (including the potential profits), the impact of the transaction on the current and following financial situations and the operational results of the company;

(8) analysis on the performance ability of the trading parties;

(9) situations on the arrangement of personnel, leasing of lands and recombination of liabilities involved in the transaction;

(10) explanations on the affiliated transactions which may occur after the completion of the transaction;

(11) explanations on the trade competition which may occur after the completion of the transaction and the corresponding measures thereof;

(12) the intermediary agencies and their opinion; and

(13) other contents required by the Stock Exchange which are conducive to explaining the truthful situation of such transaction.

9.14 Regarding the content of the guaranty items to be disclosed, apart from the provisions of the preceding article, it shall include the total amount of the external guaranty of the listed company and its subsidiary holding companies, total amount of the guaranty provided to the subsidiary holding company by the listed company, the respective proportion of the above amount to the latest audited net assets of the listed company by the end of the disclosure date.

9.15 Regarding the guaranty that reaches the standard for disclosure, if the vouchee does not perform the obligation of repayment within 15 trading days after the liabilities are due, or the vouchee goes into bankruptcy or liquidation or has other situations that seriously affect its ability of repayment, the listed company shall disclose them promptly.

9.16 The transactions between a listed company and the subsidiary holding companies within the scope of its consolidated accounting statements or among the above subsidiary holding companies shall be exempted from disclosing or performing corresponding procedures according to the provisions of this Chapter, except as otherwise stipulated by the CSRC or the Stock Exchange.

Chapter X Affiliated Transactions

Section I Affiliated Transactions and the Affiliates

10.1.1 The affiliated transactions of listed companies shall mean that the matters on transferring the resources or obligations occur between listed companies or their subsidiary holding companies and the affiliates of listed companies, which shall include the following transactions:

(1) the transaction items prescribed in Article 9.1;

(2) purchasing the raw materials, fuels and power;

(3) selling products and goods;

(4) providing or accepting the labor services;

(5) entrusting or entrusted sale;

(6) conduct the investment jointly with the affiliates; and

(7) other matters that may result in the transfer of resources or obligations through agreements.

10.1.2 The affiliates of a listed company shall include the affiliated legal persons and the affiliated natural persons.

10.1.3 A legal person in any of the following situations shall be regarded as the affiliated legal person of a listed company:

(1) the legal person directly or indirectly controls the listed company;

(2) the legal person other than the listed company or its subsidiary holding company that is controlled directly or indirectly by the legal person mentioned in Item (1);

(3) the legal person that is directly or indirectly controlled by the affiliated natural persons of the listed company listed in Article 10.1.5 or the legal person other than the listed company or its subsidiary holding company in which the affiliated natural persons act as the directors or senior management personnel;

(4) the legal person that holds 50% of the shares of the listed company; or

(5) other legal persons determined by the CSRC, the Stock Exchange or listed company according to the principal of "substance overweighs forms" to have special relationship with the listed company and may result in the interests of the listed company favor on them.

10.1.4 If a listed company and any legal person mentioned in Item (2) of the preceding Article are both under the control of the same State-owned assets administration institution, they shall not form the affiliated relationship, unless the chairman of the board, general manager or more than half of the directors of the legal person concurrently serve as the directors, supervisors or senior management personnel of the listed company.

10.1.5 A natural person in any of the following situations shall be regarded as the affiliated natural person of a listed company:

(1) the natural person directly or indirectly holds more than 5% of the shares of the listed company;

(2) the directors, supervisors or senior management personnel of the listed company;

(3) the directors, supervisors or senior management personnel of the legal persons listed in Item (1) of Article 10.1.3;

(4) the family members having close relationship with the persons mentioned in Item (1) and (2) of this Article, including the spouse, the children of 18 years or more and their spouses, parents and the parents of their spouses, sisters and brothers and their spouses, sisters and brothers of their spouses, parents of their children's spouses; and

(5) other natural persons determined by the CSRC, the Stock Exchange or listed company according to the principal of "substance overweighs forms" to have special relationship with the listed company and may result in the interests of the listed company favor on them.

10.1.6 Any legal persons or natural persons in any of the following situations shall be regarded as the affiliates of a listed company:

(1) based on the agreements they sign or the arrangements they make with the listed company or its affiliates, after the agreements or arrangements coming into effect, or within the following 12 months, they will be found to be in any of the situations prescribed in Article 10.1.3 or 10.1.5; or

(2) they are found to be in any of the situations prescribed in Article 10.1.3 or 10.1.5 in the last 12 months.

Section II Deliberation Procedures and Disclosure of Affiliated Transactions

10.2.1 When the board of directors of a listed company deliberates the affiliated transaction matters, the affiliated directors shall withdraw from the voting, nor may they represent other directors in exercising the voting rights. The meetings of the board of directors may be held if more than half of the directors having no affiliated relationship attend the meetings, and the resolution made at the meeting of the board of directors shall be passed by more than half of directors having no such affiliated relationship. If the number of the directors having no such affiliated relationship who attend the meetings is less than three, the listed company shall submit such matters to the shareholders general meeting for deliberation.

The affiliated directors mentioned in the preceding paragraph shall include the following directors or the directors in any of the following situations:

(1) being the other trading party;

(2) being the direct or indirect controller of the other trading party;

(3) holding the position in the other trading party, or holding the position in the legal person which directly or indirectly controls the other trading party or the legal person under direct or indirect control of the other trading party;

(4) being the close family member of the other trading party or its direct or indirect controller (see the Item (4) of Article 10.1.5 for the specific scope);

(5) being the close family member of the other trading party or the directors, supervisors or senior management personnel of its direct or indirect controller (see the Item (4) of Article 10.1.5 for the specific scope); and

(6) other directors deemed by the CSRC, the Stock Exchange or listed company based on other grounds that their independent judgments may be effected.

10.2.2 When the shareholders general meeting of a listed company deliberates the matters concerning the affiliated transactions, the affiliated shareholders shall withdraw from the voting:

The affiliated shareholders mentioned in the preceding paragraph shall include the following shareholders or the shareholders in any of the following situations:

(1) being the other trading party;

(2) being the direct or indirect controller of the other trading party;

(3) being controlled directly or indirectly by the other trading party;

(4) being controlled directly or indirectly by the same legal person with the other trading party;

(5) the shareholders who have shareholding transfer agreements or other agreements that have not been fully performed with the other trading party or its affiliates and thus cause their voting rights restricted or affected; and

(6) the shareholders deemed by the CSRC or the Stock Exchange to likely cause the interests of the listed company favor on them.

10.2.3 If a listed company engages in an affiliated transaction (unless the listed company providing the guaranty) of more than 300,000 Yuan with the affiliated natural person, it shall disclose such matter promptly.

No company shall provide loans to its directors, supervisors or senior management personnel directly or through its subsidiary companies.

10.2.4 If a listed company engages in an affiliated transaction(unless the listed company providing the guaranty) of more than 3 million which accounts for more than 0.5% of the absolute value of the latest audited net assets of the company with the affiliated legal persons, it shall disclose such matter promptly.

10.2.5 If a listed company engages in an affiliated transaction (unless the listed company providing the guaranty, accepting the donation of cash assets) of more than 30 million which accounts for more than 5% of the absolute value of the latest audited net assets of the listed company with the affiliates, apart from disclosing such matter promptly, it shall also refer to the provisions of Article 9.7 to arrange the intermediary institution with the qualification to conduct securities and futures businesses to conduct the auditing and evaluation over the transaction target and submit the transaction to the shareholders general meeting for deliberation.

The transaction targets involved in the affiliated transaction relating to the daily operation which is mentioned in Article 10.2.12 may not be audited or evaluated.

10.2.6 If a listed company provides guaranty for its affiliates, no matter the amount is big or small, such matter shall be disclosed promptly after being adopted through deliberation by the board of directors, and shall be submitted to the shareholders general meeting for deliberation.

If the company provides guaranty for the shareholders holding the shares of 5% or below, it shall refer to the provisions of the preceding paragraph in handling such matter, and the relevant shareholders shall withdraw from the voting in the shareholders general meeting.

10.2.7 If a company is invested in and set up by a listed company and its affiliates, the amount of capital contributions of the listed company shall be taken as the transaction amount and the provisions of Article 10.2.3, 10.2.4 or 10.2.5 shall be applied.

When the amount of capital contributions of the listed company reaches the standard prescribed in Article 10.2.5, if all the investors make the capital contribution in cash and the proportion of the shareholding of them in the company to be set up is determined in proportion to their capital contributions, it may apply at the Stock Exchange for exempting from applying the provisions on submitting such matter to the shareholders general meeting for deliberation.

10.2.8When a listed company discloses the affiliated transaction matter, it shall submit the following documents to the Stock Exchange:

(1) the announcement draft;

(2) the documents listed in Item (2) to (5) of Article 9.12;

(3) the written document stating that the independent directors have recognized such transaction in advance;

(4) opinion of independent directors; and

(5) other documents required by the Stock Exchange.

10.2.9The announcement of the affiliated transaction disclosed by a listed company shall include the following contents:

(1) a brief account of the transaction and the basic information of the transaction target;

(2) the prior recognizing situation of the independent directors and the independent opinions stated by them;

(3) the voting situation of the board of directors (if applicable); and

(4) the affiliated relationship between the trading parities and the basic information of the affiliates.

(5) the price fixing policy of the transaction and the price fixing basis thereof, the relationships between the concluded price and the par value or evaluation value of the transaction target and the definite and fair market price, and other matters related with the price fixing which need to be clearly stated due to the special characteristics of the transaction target;

If the concluded price differs greatly with the par valve, evaluation value or market price, the reasons thereof shall be stated clearly; if the transaction is unfair, the transferring direction of the profits arising from this affiliated transaction shall also be disclosed.

(6) the main content in other aspects of the transaction agreement, including the concluded price of the transaction and the method of settlement, the nature and proportion of the interests of the affiliates in the transaction, the conditions for the agreement's entry into effect, effective date and the term of performance, etc.;

(7) the purpose of the transaction and the impact of the transaction on the listed company, including the true intention and necessity of the affiliated transaction and its impact on the current and following financial situation and the operational results, etc.;

(8) the cumulative amount of various affiliated transactions concluded with such affiliate from the beginning of current year to the disclosure date;

(9) other contents prescribed in Article 9.13; and

(10) other contents conducive to explaining the truthful information of the transaction required by the CSRC and the Stock Exchange.

If the listed company provides the guaranty for affiliates or the shareholders holding 50% of shares, it shall also disclose the contents prescribed in Article 9.14.

10.2.10 When a listed company engages in the affiliated transactions of "providing financial assistance" and "entrusted financing", the concluded amount shall be taken as the calculation standard for disclosure and be calculated cumulatively for 12 consecutive months based on the transaction category, if the concluded amount cumulatively calculated reaches the standard prescribed in Article 10.2.3, 10.2.4 or 10.2.5, the provisions of the above articles shall be applied separately.

If the company has performed the relevant obligations according to Article 10.2.3, 10.2.4 or 10.2.5, the concluded amount shall not be included into the range of cumulative calculation.

10.2.11 If a listed company engages in other affiliated transactions other than those mentioned in the preceding article, it shall base on the principal of cumulative calculation for 12 consecutive months to apply the provisions of Article 10.2.3, 10.2.4 or 10.2.5 separately regarding the various transactions under the same transaction category.

If the company has performed the relevant obligations according to Article 10.2.3, 10.2.4 or 10.2.5, the concluded amount shall not be included into the range of cumulative calculation.

10.2.12 If a listed company engages in the daily affiliated transactions listed in Item (2) to (5) of Article 10.1.1, it shall make the disclosure and perform the corresponding deliberation procedures according to the following provisions:

(1) Regarding the agreements of daily affiliated transaction that have been adopted through deliberation by the shareholders general meeting or the board of directors and are being implemented, if the major clauses do not significantly change in the course of implementing such agreements, the company shall disclose the actual performance situations of such agreements in the regular reports as required and clearly state whether they comply with the provisions of the agreements; if the major clauses of the agreements significantly change in the course of implementation or the agreements have expired and the renewed agreements need to be signed, the company shall, submit the newly-amended or renewed agreements of daily affiliated transaction to the shareholders general meeting or the board of directors for deliberation based on the total amount of the transaction involved in the agreements, if there are no specific total amount of the transaction in such agreements, they shall be submitted to the shareholders general meeting for deliberation.

(2) Regarding the newly-established daily affiliated transaction other than those mentioned in the preceding item, the company shall conclude the written agreement with the affiliates and make the disclosure promptly, and it shall submit the agreements to the shareholders general meeting or the board of directors for deliberation based on the total amount of the transaction involved in the agreement, if there are no specific total amount of the transaction in such agreement, it shall submit it to the shareholders general meeting for deliberation. After the agreement is adopted through deliberation and disclosed, it shall, based on the daily affiliated transaction, handle such matter according to the provisions of the preceding paragraph.

(3) If there are so many newly-established daily affiliated transaction of various categories each year and it is necessary to conclude the newly agreements of daily affiliated transactions very often that it is hard to submit every agreements to the shareholders general meeting or the board of directors for deliberation according to the provisions of the preceding item, it may, before disclosing the report of the previous year, reasonably forecast the total amount of the daily affiliated transactions to be established in the current year according to the transaction category, and submit the forecast result to the shareholders general meeting or the board of directors for deliberation and make the disclosure; the daily affiliated transactions within the scope of forecasting shall be disclosed through classification and summing up by the company in the regular report. If the forecasted total amount is exceeded in the course of actual implementation, the company shall base on the exceeding amount to submit the case to the shareholders general meeting or the board of directors for deliberation and make the disclosure.

10.2.3 The contents of a daily affiliated transaction shall at least include the main clauses such as the principal and basis of price fixing, trading price, total amount of the transaction or the clearly and specific method for determining the total amount, time and method of payment, etc;

If the agreement does not determine the specific trading price and merely stipulates that the market price shall be referred, when performing the disclosure obligations according to the provisions of the preceding article, the company shall disclose the actual trading price, market price and its fixing method, the reasons on the discrepancy between these two prices.

10.2.14 If a listed company engages in the following transactions with the affiliates, it may be exempted from deliberating and disclosing them in light of the method of affiliated transition:

(1) one party subscribes for the shares, corporate bonds or enterprise bonds, convertible corporate bonds or other derivative products which are publicly issued by the other party;

(2) one party underwrites the shares, corporate bonds or enterprise bonds, convertible corporate bonds or other derivative products which are publicly issued by the other party as the member of the underwriter;

(3) one party receives the dividends, bonus or remuneration based on the resolutions of the shareholders general meeting of the other party;

(4) the affiliated transactions that arise from the participation of public bidding or auction by any party; and

(5) other transactions determined by this Stock Exchange.

10.2.15 Regarding the procedures for disclosure and deliberation involved in the transactions between a listed company and its affiliates on which this Chapter is silent, the provisions of Chapter IX of these Rules shall be observed.

Chapter XI Other Significant Events

Section I Significant Litigation and Arbitration

11.1.1 A listed company shall promptly disclose the significant litigations or arbitrations which have the involved amount of more than 10 million Yuan and account for more than 10% of the absolute value of the latest audited net assets of the company.

The listed company shall also disclose promptly the litigations or arbitrations that do not reach the standard prescribed in the preceding paragraph or have no specific involved amount while the board of directors deems that they may considerably affect the trading price of the shares of the company and the derivative products thereof due to their special characteristics, those that the Stock Exchange deems necessary to be disclosed, and the litigations in which the resolutions of the shareholders general meeting or the board of directors are applied to be revoked or declared to be invalid.

11.1.2 If the cumulative amount involved in the litigations and arbitrations of a listed company within 12 consecutive months reaches the standard mentioned in Article 11.1.1, the provisions of such article shall be applied.

If the company has performed the disclosure obligation according to the provisions of Article 11.1.1, the amount involved shall not be included into the range of cumulative calculation.

11.1.3 When disclosing any significant litigation or arbitration, a listed company shall submit the following documents to the Stock Exchange:

(1) the announcement draft;

(2) the complaint or arbitration application, entertainment (reply-trial ) notice;

(3) the judgment or arbitration award; and

(4) other materials required by the Stock Exchange.

11.1.4 The announcement of a significant litigation or arbitration of a listed company shall include the following contents:

(1) the entertainment situation of the case and the basic facts;

(2) the impact of the case on the profits of current and following periods of the company;

(3) whether the company or its subsidiary company still has other undisclosed litigation or arbitration matters;

(4) other contents required by the Stock Exchange.

11.1.5 A listed company shall promptly disclose the important proceeding situations of a significant litigation or arbitration and its impact on the company, including but not limited to the judgment of first instance and final judgment of the litigation case, the arbitration award of the arbitration, and the implementation situations of such judgments and arbitration award.

Section II Change of Projects Invested with Raised Funds

11.2.1If a listed company intends to change the projects invested with raised funds, it shall promptly disclose the matter after the relevant resolutions have been adopted by the board of directors, and submit such matter to the shareholders general meeting for deliberation.

11.2.2If a listed company handles the disclosure matters concerning the change of projects invested with raised funds, it shall submit the following documents to this Stock Exchange:

(1) the announcement draft;

(2) resolutions of the board of directors and the announcement draft of the resolutions;

(3) the opinion of independent directors on the change of projects invested with raised funds;

(4) the opinion of the supervisory board on the change of projects invested with raised funds;

(5) the opinion of the sponsorship institution on the change of projects invested with raised funds;

(6) explanations on the change of projects invested with raised funds;

(7) the cooperative letter of intent or agreement of the new project;

(8) written reply of the new project establishing organ;

(9) feasibility report of the new project;

(10) report of relevant intermediary agency;

(11) agreement on the termination of the original project; and

(12) other documents required by the Stock Exchange.

The company shall submit the whole or part of the documents mentioned in the above Item (7) to (11) to the Stock Exchange based on the specific situation of the new project.

11.2.3 The announcement of a listed company on the change of projects invested with raised funds shall include the following contents:

(1) basic information of the original project and the specific reasons for the change;

(2) basic information of the new project, market prospect and the risk alert;

(3) explanations on whether the new project has obtained or not obtained the approval of the relevant department (if applicable);

(4) explanations on whether the change of relevant projects invested with raised capital should be submitted to the shareholders general meeting for deliberation; and

(5) other contents required by the Stock Exchange.

Section III Performance Prediction, Performance Bulletin and Profit Forecast

11.3.1 If a listed company predicts that any of the following situations will occur in the annual business performance, it shall make the performance prediction promptly:

(1) the net profits will be the negative value; or

(2) great change of the performance.

The great change of the performance mentioned above generally refers to the situations under which the net profits rises or declines more than 50% by comparison with the same period of the previous year or it turns from deficits to profits.

The time for making the announcement of performance prediction shall be not later than one month after the end of the current reporting period. The company with relatively minor comparison base may be exempted from predicting the performance upon the consent of the Stock Exchange.

11.3.2 After disclosing the performance prediction, if a listed company predicts again that the performance in the current period has great discrepancies with the disclosed performance prediction, it shall promptly make the announcement of the corrected performance prediction. Such announcement shall include the following:

(1) the situation on the predicted performance of the current period;

(2) the discrepancies between the predicted performance in the current period and the disclosed performance prediction and the reasons thereof;

(3) explanations on the apologies made by the board of directors and the information on determining the internal liable person of the company; and

(4) explanations on whether the shares of the company are likely to be implemented or revoked the special disposal, suspended the listing, resumed the listing or terminated the listing (if applicable).

If the corrected performance prediction is made based on the pre-auditing result of the certified public accountant, it shall clearly state whether there is difference between the company and the certified public accountant and where is the difference.

11.3.3 When a listed company discloses the announcement on the performance prediction or the corrected performance prediction, it shall submit the following documents to the Stock Exchange:

(1) the announcement draft;

(2) relevant explanations of the board of directors;

(3) the opinion of the certified public accountant on whether the basis and process in making or correcting the performance prediction by the company is proper or prudential (if applicable); and

(4) other documents required by the Stock Exchange.

11.3.4 A listed company may publish the performance bulletin before disclosing the annual report and interim report to disclose the main financial data and indexes, such as the main business income in the current period and in the same period of the previous year, main business profits, total amount of the profits, net profits, the proceeds per share, the net assets per share and the yield of net assets.

When disclosing the performance bulletin, the company shall submit the following documents to the Stock Exchange:

(1) the announcement draft;

(2) the comparison balance sheet and profit statement which are signed and sealed by the legal representative, the person in charge of the accounting work, the chief accountant(if have) and the liable person (the person in charge ) of the accounting institution; and

(3) other documents required by the Stock Exchange.

11.3.5 A listed company shall ensure that there are no great discrepancies between the financial data and indexes of the performance bullet and the actual data and indexes disclosed in the relevant regular reports.

Before disclosing the regular report, if the company discovers that the discrepancy range of the relevant financial data and indexes will reach 10%, it shall promptly disclose the announcement of the corrected performance bulletin stating the specific discrepancies and the reason thereof; if the discrepancy range reaches 20%, apart from disclosing the relevant regular report, it shall extend the apologies in the form of the announcement of the board of directors at the same time and explain the information on determining the internal liable person of the company.

11.3.6 If a listed company predicts that there are great discrepancies between the performance in the current period and the disclosed profit forecast, it shall promptly disclose the announcement on the corrected profit forecast and submit the following documents to the Stock Exchange:

(1) the announcement draft;

(2) the relevant explanations of the board of directors;

(3) letters of the board of directors on confirming whether the basis and process in the correction of profit forecast are proper and prudential;

(4) special explanations of the certified public accountant on whether there are great discrepancies between the profit forecast and the actual situations; and

(5) other documents required by the Stock Exchange.

11.3.7 The announcement of the corrected performance forecast of a listed company shall include the following contents:

(1) the predicted performance in the current period;

(2) the discrepancies between the predicted performance in the current period and the disclosed performance forecast and the reasons thereof;

(3) explanations on the apologies made by the board of directors and the information on determining the internal liable person of the company; and

(4) explanations on whether the shares of the company are likely to be implemented or revoked the special disposal, suspended the listing, resumed the listing or terminated the listing (if applicable).

Section IV Profit Distribution and the Capital Shares Converted by the Capital Common Reserve Fund

11.4.1 After the scheme of profit distribution and the scheme of capital shares converted by the capital common reserve fund (hereinafter referred to as the "schemes") have been adopted by the board of directors through deliberation, the listed company shall promptly disclose the specific contents of such schemes.

11.4.2 Before implementing the schemes, a listed company shall submit the following documents to the Stock Exchange:

(1) the announcement on implementing the schemes;

(2) relevant resolutions of the shareholders general meeting;

(3) the documents of the registration company on confirming the specific time for implementing the scheme; and

(4) other documents required by the Stock Exchange.

11.4.3 A listed company shall disclose the announcement on implementing the schemes within three to five trading days before the shareholding registration date of the implementing schemes.

11.4.4 The announcement on implementing the schemes shall include the following contents:

(1) the session and date of the shareholders general meeting that adopts the schemes;

(2) the proportion of the cash dividends, stock dividends and the share capital converted by the capital common reserve fund (representing by ten shares as a unit) to be allocated, base of the share capital (calculated on the basis of the actual share capital before the implementation), and the situation on whether the taxes are contained or taxes deduction situation etc;

(3) shareholding registration date, shareholding (dividends) revoking date, the date of listing of the newly-increased shares ( which shall be "newly-increased tradable shares for listed companies that have not completed the shareholding division reform);

(4) measures for implementing of the schemes;

(5) alteration graph of the structure of the share capital (which shall be listed based on the items such as the total share capital before the alteration, number of the bonus shares to be allocated this time, number of the share capital to be increased through conversion this time, total share capital after the change, proportion in the total share capital, etc);

(6) the proceeds per share in the previous year or in the half-year of the current year calculated on the basis of the dilution of the new share capital after the stock dividends and the capital common reserve fund allocated converting into the share capital; and

(7) relevant consultancy measures.

11.4.5 A listed company shall complete the matters concerning the profit distribution and increasing the share capital through conversion within two months after the schemes are adopted by the shareholders general meeting through deliberation.

Section V Abnormal Fluctuation of Shares Trading and the Clarification of Rumors

11.5.1 If the trading of shares is deemed by the CSRC and the Stock Exchange to fluctuate abnormally according to the relevant provisions and business rules, the listed company shall disclose the announcement on the abnormal fluctuation in the trading of shares on the following trading date.

The calculation of the abnormal fluctuation in the trading of shares shall be recommenced from the announcement date.

11.5.2 When disclosing the announcement on the abnormal fluctuation in the trading of shares, a listed company shall submit the following documents to the Stock Exchange:

(1) the announcement draft;

(2) analysis and explanations of the board of directors; and

(3) other documents conducive to explaining the actual situations of the issues.

11.5.3The announcement of the abnormal fluctuation in the trading of shares of a listed company shall include the following contents:

(1) specific situations on the abnormal fluctuation in the trading of shares;

(2) reasonable explanations on the abnormal fluctuation in the trading of shares and explanations on whether it is related with the change of the company or of the internal or external environment of the company;

(3) statements on whether there are any significant information which should be disclosed but have not been disclosed; and

(4) other contents required by the Stock Exchange.

11.5.4 If the information spread by the mass media (hereinafter referred to as the "rumors") may considerably affect or have affected considerably the trading price of the shares of a listed company and the derivative products thereof, the company shall provide promptly the evidence on the spread of the rumors to the Stock Exchange and make a public announcement for the clarification.

11.5.5 The announcement on the clarification of the rumors made by a listed company shall include the following contents:

(1) contents of the rumors and the resources thereof;

(2) the actual information on the matters involved in the rumors; and

(3) other contents required by the Stock Exchange.

Section VI Repurchase of Shares

11.6.1 After the board of directors adopts the relevant items related to the repurchase of shares through deliberation, a listed company shall promptly disclose the resolution of the board of directors and the scheme for the repurchase of shares, and also issue the notice on convening the shareholders general meeting. The scheme for the repurchase of shares disclosed by the company shall at least contain the following items:

(1) purpose of repurchase of shares;

(2) method of repurchase of shares;

(3) price or price range, principles of price fixing for the shares repurchased;

(4) category, quantity of the shares to be repurchased and its proportion to the total share capital of the company;

(5) total amount of the capital to be used to repurchase the shares and the resources thereof;

(6) term of repurchase of shares;

(7) the predicted change situation on the shareholding structure of the company after repurchasing the shares; and

(8) analysis report of the management personnel regarding the influences of the shares repurchased on the business, financial affairs and future development of the company.

11.6.2 A listed company shall arrange the independent financial advisor to conduct the conscientious investigation on the matters concerning the repurchase of shares and issue the report of the independent financial advisor, and it shall also make the public announcement five days before convening the shareholders general meeting.

11.6.3 Three days before convening the shareholders general meeting, a listed company shall disclose the names, amount and proportion of shareholding of the first ten shareholders on the previous trading date before making the announcement of the resolution of the board of directors on the repurchase of shares and that of the first ten shareholders registered on the shareholding registration date of the shareholders general meeting (it should be the "first ten tradable shareholders for the listed company that does not compete the shareholding division reform) in the website of the Stock Exchange.

11.6.4 The resolution of the shareholders general meeting of a listed company regarding the repurchase of shares shall be adopted by the shareholders attending the meeting who represent two thirds of the voting rights.

After the company makes the resolution on the repurchase of shares, it shall notify the creditors within ten days and publish in the newspaper within 30 days for at least three times.

11.6.5 If a listed company repurchases the shares through centralized trading at competing prices, it shall perform the information disclosure obligations according to the following requirements:

(1) to announce the "Repurchase Report" and the legal opinions to the public within five trading days after receiving the unanimous letter from the CSRC;

(2) during the repurchase period, it shall make the announcement on the repurchase progress within the first three trading days of each month and disclose the situation on the repurchase progress by the end of the previous month, including the total amount of the shares having been repurchased, the highest and lowest price in the purchase, the total amount of payment, etc;

When the proportion of the shares repurchased through centralized trading at competing prices to the total share capital of the listed company increases 1%, the company shall announce the matter to the public within two trading days as of the date on which such fact occurs, the content of the announcement shall refer to the requirements prescribed in the preceding paragraph;

(3) If the scheme for the repurchase of shares is still not implemented after three months elapses as of the expiry date of repurchase, the board of directors shall announce the reasons why the repurchases cannot be implemented to the public;

11.6.6 The "Repurchase Report" mentioned in the preceding article shall include the following contents:

(1) the items listed in Article 11.6.1;

(2) explanations on whether any directors, supervisors or senior management personnel commits the acts of purchasing or selling the shares of the company, or engages in inside trading or manipulates the market solely or jointly with others within six months before the announcement of resolution of the shareholders general meeting;

(3) the conclusive opinions issued by the independent financial advisor on the repurchase of shares this time;

(4) the conclusive opinions issued by the legal firm on the repurchase of shares this time; and

(5) other matters that should be clearly stated.

11.6.7 If a listed company repurchases the shares by means of offer, it shall perform the information disclosure obligations according to the following requirements:

(1) to make the alert announcement within two trading days after receiving the unanimous letter from the CSRC and disclose the "Repurchase Report" and legal opinions before implementing the repurchasing scheme. Regarding the content of the "Repurchase Report", apart from including the contents listed in Article 11.6.6, it shall also include the special explanations of the company on the matters concerning the method and procedures for pre-accepting and withdrawing the offer by the shareholders; and

(2) to entrust the Stock Exchange to publish the amount of shares in the pre-accepted offer and the withdrawal notice of the pre-accepted offer on the website of the Stock Exchange every day during the term of validity of the repurchase offer.

11.6.8 If repurchasing term expires or the repurchasing scheme has been implemented completely, the listed company shall cease the repurchase activities immediately, revoke the special account for the repurchase, and publish the repurchasing results within two trading days.

Section VII Significant Items involved in Convertible Corporate Bonds

11.7.1 If a listed company which issues convertible corporate bonds contains any of the following situations, it shall report the situation to the Stock Exchange and disclose it:

(1) need to adjust the converted price of shares due to the change of shares resulting from the issuance of new shares, donation of shares, division or other reasons, or need to amend the converted price of shares based on the amendment clause under the clause of the converted price of shares in the prospectus on share offer;

(2) the cumulative amount of the shares converted by the convertible corporate bonds reach 10% of the total amount of the shares already issued by the company before the convertible corporate bonds convert into shares;

(3) significant changes in the credit status of the company and may affect the repayment of the principal and the payment of interest of the bonds;

(4) the guarantor of the convertible corporate bonds having significant changes of assets, involved in significant litigation, merger or division;

(5) the amount of the convertible corporate bonds unconverted is less than 30 million Yuan;

(6) the qualified credit rating institution has rated the credit of the convertible corporate bonds or that of the company and has issued the credit rating results;

(7) other significant matters that may considerably affect the trading price of the convertible corporate bonds; and

(8) other situations prescribed by the CSRC and the Stock Exchange.

11.7.2 A listed company shall disclose the announcement on the payment of interest within three to five trading days before the interest payment date stipulated in the convertible corporate bonds; and disclose the announcement on the payment of the principal and the interest thereof within three to five trading days before the expiry date of the convertible corporate bonds.

11.7.3 A listed company shall disclose the announcement on the implementation of shares conversion within three trading days before the convertible corporate bonds begin to convert into shares.

11.7.4 When a listed company exercises the redemption right, it shall make the redemption announcement for at least three times within five trading days after it satisfies the redemption conditions for the first time in each year. The redemption announcement shall clearly state the procedures, price, method of payment and time of the redemption.

The company shall announce the redemption result and its influence to the public after the end of the redemption period.

11.7.5 Within the years when a listed company may exercises the resale right, it shall make the resale announcement for at least three times within five trading days after it satisfies the resale conditions for the first time in each year. The resale announcement shall clearly state the procedures, price, method of payment and time of the resale.

The company shall announce the resale result and its influence to the public after the end of the resale period.

11.7.6 If a listed company changes the project invested by raised capital, it shall invest the holder of the convertible corporate bonds with one resale right within 20 trading days after adopting the resolution of the shareholders general meeting, and make the relevant resale announcement for at least three times. Among them, the resale announcement shall be made at least one time within five trading days after the announcement of the resolution of shareholders general meeting and at least one time during the period of implementation of the resale, and the time for making the resale announcement of the last time shall be determined based on necessity.

11.7.7 A listed company shall make the alert announcement for at least three times 20 trading days before the end of the conversion date of the convertible corporate bonds to remind the investors of the matters concerning the termination of trading ten trading days before the end of the conversion period of the convertible corporate bonds.

If other situations in which the convertible corporate bonds must suspend the trading as required occur, the company shall promptly disclose the announcement on the upcoming suspension of trading of convertible corporate bonds after it acquires relevant information.

11.7.8 A listed company shall promptly disclose the situations on the shares change resulting from the shares converted into by convertible corporate bonds after the end of each quarter.

Chapter VIII Other Matters

11.8.1 A listed company shall timely select the undertaking matters of the company and the shareholders thereof separately and report them to the Stock Exchange for a record, and disclose them on the website of the Stock Exchange separately.

The company shall specially disclose the performance situations of the above undertaking matters in the regular reports. If the company fails to perform the undertakings, it shall promptly disclose the reasons in detail and the legal liabilities may be undertaken by the relevant directors; if any shareholder fails to perform the undertakings, the company shall promptly disclose the relevant specific situations in detail and the measures taken by the board of directors.

11.8.2 If a listed company encounters any of the following circumstances that may result in the company to confront major risks, it shall promptly report the circumstance to the Stock Exchange and disclose it:

(1) suffering great deficits or major losses;

(2) incurring major debts or the major creditors' rights that are due not been repaid;

(3) be likely to undertake the major breach liabilities or compensation liabilities of large amount;

(4) intending to allocate the depreciation reserve for large amount assets;

(5) the company decides to dissolve itself or is closed by the order of relevant authorities according to law;

(6) the company is likely to be unable to pay its debts with all its assets (generally means that the net assets are negative value);

(7) its main debtors are unable to pay their debts with all their assets or go into bankruptcy proceedings and the company does not allocate the full amount bad debts reserve for corresponding creditors' rights;

(8) the main assets are sealed up, distrained, frozen, mortgaged or pledged;

(9) major or whole business are suspended;

(10) the company is involved in the violation of laws or regulations and investigated by relevant authorities, or is imposed significant administrative penalty or criminal punishment;

(11) the chairman of the board or the manager cannot perform his duties, the directors, supervisors or the senior management personnel are involved in the violation of laws or disciplines and are investigated by relevant authorities or imposed compulsory measures; and

(12) other major risks situations determined by the Stock Exchange or the company.

If the above items have specific amount involved, the provisions of Article 9.2 shall be referred.

11.8.3 If a listed company is in any of the following situations, it shall report the situation to the Stock Exchange and disclose it:

(1) change of the name of company, abbreviated name for shares, articles of association, registered capital, registered address, major administrative places and contact information, if the articles of association are changed, the new articles of association shall be disclosed on the website of the Stock Exchange;

(2) significant change in the business policies and the business scope;

(3) change of accounting policy or estimation;

(4) the board of directors makes relevant resolutions on the issuance of new shares, convertible corporate bonds or other refinancing schemes;

(5) the shares issuance examination committee under the CSRC convenes the shares issuance examination meeting and puts forward the corresponding opinions on the examination of the issuance applications of new shares and convertible corporate bonds or other refinancing schemes;

(6) the shareholding situation or the controlling status of the shareholders or defacto controllers who hold more than 5% of shares of the company has been greatly changed or is about to be changed greatly;

(7) the chairman of the board, manager, directors (including independent directors) or more than one third of the supervisors apply for resignation or change;

(8) great changes in production and business situations, external conditions or production environments (including great changes in the price of products, price and method of purchase of raw materials;

(9) concluding important contracts, which may considerably affect the assets, liabilities, equity and operational results of the company;

(10) the laws, administrative rules and regulations, ministerial regulations and policies newly promulgated may considerably affect the business of the company;

(11) appointing or dismissing the accounting firm that makes auditing for the company;

(12) the holding company shareholders are prohibited from transferring the shares of the company held by them by the order of the people's court;

(13) more than 5% of shares of the company held by any shareholder are pledged, frozen, auctioned through judicial proceedings, trusteed or trusted;

(14) acquiring additional proceeds such as large amount government subsidies, drawing back the depreciation reserve for large amount capital or other matters that may considerably affect the capital, liabilities, equity or operational results of the company;

(15) other situations determined by the Stock Exchange or the company.

11.8.4 If the regular report of a listed company that has been disclosed in the previous period contains mistakes or false records and is ordered by relevant authorities to make rectification or is corrected by a decision of the board of directors, after it receives the order for rectification or the board of directors makes the corresponding decision, the company shall disclose such matter promptly according to the requirements prescribed by the "Rules on the Compilation and Reporting of Information Disclosure of Companies Issuing the Securities Publicly: Rules No 19-Correction of Financial Information and Related Disclosure".

11.8.5 After a listed company makes a decision to apply for bankruptcy at the people's court, the creditors apply for bankruptcy or the people's court entertains the application for bankruptcy, the company shall promptly disclose such matters and fully reveal the risks that the shares of the company are likely to be terminated for listing.

After going into the bankruptcy proceedings, the company and other entities that have information disclosure obligations shall promptly report the significant information to the Stock Exchange, such as the situation on the claiming of creditors' rights, the convening situation of the creditors' meeting, bankruptcy settlement and rectification, etc. and also disclose such information.

If the people's court makes an order to reject the bankruptcy application, suspend or resume the bankruptcy proceedings or declare the bankruptcy, the company shall promptly disclose the main contents of the order.

11.8.6 Such schemes of a listed company that are related to the change of shares (except for repurchasing shares) as capital reduction, merger and division shall be reported to the Stock Exchange and publicly announced upon the approval of the CSRC.

11.8.7 Matters related to information disclosure or registration of change of shares during the course of implementing the scheme of capital reduction, merger or division by a listed company shall be dealt with in accordance with the relevant provisions of the CSRC and the Stock Exchange.

Chapter XII Suspension and Resumption of Trading

12.1 If the matters concerning the suspension of trading prescribed in this Chapter occur in a listed company, the company shall apply for suspension and resumption of trading of shares of the company and the derivative products thereof at the Stock Exchange.

Regarding the matters on which this Chapter is silent, the company may apply for suspension and resumption of trading of shares of the company and the derivative products thereof at the Stock Exchange with the reasons that are deemed to be reasonable by the Stock Exchange.

12.2 If a listed company discloses the annual report on a trading day, the shares of the company and the derivative products thereof shall be suspended for trading as of the morning of the trading day upon the opening of trading and be resumed for trading on 10:30.

12.3 If a listed company convenes the shareholders general meeting at the trading time set by the Stock Exchange, the shares of the company and the derivative products thereof shall be suspended for trading as of the date on which the shareholders general meeting is convened and not be resumed for trading until the morning upon the opening of trading of the date on which the announcement of resolution of the shareholders general meeting is disclosed; if the contents in such announcement involve in rejecting the proposals, the trading shall not be resumed until 10:30 Am of the date on which the announcement is disclosed. If the announcement of resolution of the shareholders general meeting is disclosed in a non-trading day, the trading shall be resumed on the first trading day upon the opening of trading after the announcement is disclosed.

If a listed company convenes the shareholders general meeting at the time other than the trading time set by the Stock Exchange, while the announcement of resolution of the shareholders general meeting is not disclosed in or before the first trading day after the meeting is convened, the shares of the company and the derivative products thereof shall be suspended for trading from the first trading day and not be resumed for trading until the morning upon the opening of trading of the date on which the announcement of resolution of the shareholders general meeting is disclosed; if the contents in such announcement involve in rejecting the proposals, the trading shall not be resumed until 10:30 Am of the date on which the announcement is disclosed. If the announcement of resolution of the shareholders general meeting is disclosed in a non-trading day, the trading shall be resumed on the first trading day upon the opening of trading after the announcement is disclosed.

12.4 If a listed company discloses the ad hoc report in a trading day, and the contents of the report involve in the matters prescribed in Article 11.3.1, 11.3.2, 11.3.4, 11.3.6, 11.4.1 and 11.6.1 for the first time, the shares of the company and the derivative products shall be suspended for trading as of the morning of the trading day upon the opening of trading and be resumed for trading on 10:30.

If the contents of the ad hoc report involve in other matters, the Stock Exchange may, based on the specific situations of the relevant matters, determine the time for suspension and resumption of trading of the shares of the company and the derivative products thereof.

12.5 If a listed company engages in the transactions such as purchase or sell of assets and subject to applying for suspension of trading at the Stock Exchange as prescribed by the relevant provisions of the CSRC, the shares of the company and the derivative products thereof shall be suspended for trading according to the relevant provisions.

12.6 If the significant undisclosed information of a listed company appears in the mass media, which may affect considerably or have already considerably affected the trading price of the shares of the company and the derivative products, the shares of the company and the derivative products thereof shall be suspended for trading and not resumed the trading until 10:30 Am of the date on which the relevant announcement is disclosed by the company. If the announcement is disclosed in a non-trading day, the trading shall be resumed on the first trading day upon the opening of trading after the announcement is disclosed.

12.7 If the shares trading of a listed company fluctuate abnormally, the shares of the company and the derivative products thereof shall be suspended for trading and not resumed the trading until 10:30 Am of the date on which the relevant announcement is disclosed by the company.

12.8 If the nonstandard and unreserved auditing opinions are issued against the financial and accounting report of a listed company, and the matters involved in the opinions obviously violate the provisions of accounting guidelines and systems or relevant regulations regarding information disclosure, the Stock Exchange shall suspend the trading of the shares of the company and the derivative products thereof from the date on which the company discloses its regular report and resume the trading after the company makes the rectification according to the relevant provisions.

12.9 If a listed company does not disclose the regular report within the statutory time limit and the time limit prescribed in these Rules, the shares of the company and the derivative products shall be suspended for trading and not resumed the trading until 10:30 Am of the date on which the company discloses the regular report. If the regular report is disclosed in a non-trading day, the trading shall be resumed on the first trading day upon the opening of trading after the regular report is disclosed.

The time limit for suspension of trading for a company which does not disclose the annual report or interim report shall not exceed two months. During the period of suspension of trading, the company shall make the risk alert announcements for at least three times.

If the company does not disclose the quarterly report and at the same time it has not disclosed the annual report or interim report, the shares of the company and the derivative products thereof shall be suspended and resumed for trading according to the relevant provisions of the preceding paragraph and Chapter XIII.

12.10 If the financial and accounting report of a listed company contains significant accounting mistakes or false records and the CSRC orders the company to make rectification while the company fails to do so within the prescribed time limit, the shares of the company and the derivative products thereof shall be suspended for trading and not resumed the trading until 10:30 Am of the date on which the company discloses the rectified financial and accounting report. If the announcement is disclosed in a non-trading day, the trading shall be resumed on the first trading day upon the opening of trading after the announcement is disclosed.

The time limit for suspension of trading for the company which does not rectify the financial and accounting report as required shall not exceed two months. During the period of suspension of trading, the company shall make the risk alert announcements for at least three times.

12.11 If a listed company involves in violation of laws, administrative rules and regulations, ministerial regulations, these Rules or other relevant provisions regarding the company operation and information disclosure and the circumstance is serious and thus investigated by relevant departments, the Stock Exchange shall determine the time for suspension and resumption of trading of the shares of the company and the derivative products thereof based on the specific circumstances during the period of investigation.

12.12 If a listed company does not disclose sufficiently or completely its regular report or ad hoc report and may mislead the investors, while the company refuses to make explanations or make supplementary disclosure on relevant contents as required, the Stock Exchange may suspend the trading of the shares of the company and the derivative products thereof and not resume the trading until 10:30 Am of the date on which the company discloses relevant announcement. If the announcement is disclosed in a non-trading day, the trading shall be resumed on the first trading day upon the opening of trading after the announcement is disclosed.

12.13 If a listed company grossly violates these Rules and refuses to make rectification within the prescribed time limit, the Stock Exchange shall suspend the trading of the shares of the company and the derivative products thereof and determine the time for resumption of trading according to the specific circumstances.

12.14 If the Stock Exchange loses the effective information resources due to a certain reason of a listed company, the Stock Exchange may suspend the trading of the shares of the company and the derivative products thereof and not resume the trading until the above reasons have been eliminated.

12.15　When a purchaser takes over a listed company by agreement or by offer, the shares of the listed company to be taken over and the derivative products thereof shall be suspended and resumed for trading according to the following provisions:

(1) If the purchaser discloses the "Summary of Takeover Report of Listed Companies", "Summary Report for Takeover by Offer" or the "Takeover Report of Listed Companies" and "Takeover Report for Takeover by Offer" in a trading day, the shares of the company and the derivative products thereof shall be suspended for trading as of the morning upon the opening of trading of the date on which the announcement is disclosed and resumed the trading at 10:30 Am.

(2) During the period between the expiry date of takeover by offer and the date on which the purchaser discloses the report on the takeover of the listed company, the shares of the company and the derivative products thereof shall be suspended for trading, and the Stock Exchange shall determine the matters concerning the suspension of trading according to the specific circumstances after the completion of the takeover.

12.16 If the shares trading of a listed company are under special disposal by the Stock Exchange, the shares of the company and the derivative products thereof shall be suspended and resumed for trading according to the relevant provisions of Chapter XIII of these Rules.

12.17 If any of the situations mentioned in Article 14.1.1 or 14.1.11 occurs or any significant event takes place in a listed company and thus affect its qualification for listing, the shares of the company and the derivative products thereof shall be suspended and resumed for trading according to the relevant provisions of Chapter XIV of these Rules.

12.18 If a listed company that issues convertible corporate bonds involves any of the following items, the Stock Exchange shall determine the matters concerning the suspension and resumption of trading of convertible corporate bonds, the suspension and resumption of shares conversion based on the practical situations or the requirements of the CSRC:

(1) to disclose the information involved in the adjustment or amendment of shares converted price in trading days;

(2) to exercise the redemption right or resale right of convertible corporate bonds;

(3) the company implements the profit distribution scheme or the scheme for increasing the capital through the conversion of capital common reserve funds; and

(4) other matters deemed by the CSRC or the Stock Exchange to be necessary to suspend the trading or conversion of shares.

12.19 Apart from the above provisions, the Stock Exchange may determine the matters concerning the suspension and resumption of trading of the shares of listed companies and the derivative products thereof based on the practical situations or the requirements of the CSRC.

12.20 The Stock Exchange shall suspend the trading of convertible corporate bonds according to the following provisions:

(1) to suspend the trading of convertible corporate bonds three trading days after the listed company makes the relevant announcement if the convertible corporate bonds of which the par value of circulation is less than 30 million Yuan;

(2) to suspend the trading of convertible corporate bonds as of the tenth trading day before the end of the conversion period; or

(3) to suspend the trading of convertible corporate bonds during the redemption period.

Apart from the provisions mentioned above, the convertible corporate bonds shall be suspended for trading when the CSRC or the Stock Exchange deems it necessary to suspend the trading.

Chapter XIII Special Disposal

Section I General Provisions

13.1.1 If abnormal financial conditions or other abnormal situations occur in a listed company, which causes the shares of the company facing the risk of being terminated for listing, or makes the investors hard to assess the prospect of the company and their investment interests may be damaged, the Stock Exchange shall implement the special disposal against the shares trading of the company.

13.1.2 The special disposal as referred to in this Chapter shall be divided into the special disposal of warning on the risk of termination of listing (hereinafter referred to as the "warning on the delisting risk") and other special disposals.

13.1.3 The disposal measures for the warning on the risk of quitting from market shall include the following:

(1) to indicate the "*ST" before the abbreviated name of the shares of the company to distinguish from other shares; and

(2) to limit the daily rise and fall scale for shares quotation to be 5% (the limitation of rise and fall scale for shares quotation shall not apply to the shares of the company on the first day when they are resumed for listing);

13.1.4 The disposal measures for other special disposals shall include the following:

(1) to indicate the "*ST" before the abbreviated name of the shares of the company to distinguish from other shares; and

(2) to limit the daily rise and fall scale for shares quotation to be 5%.

Section II Warning on the Delisting Risk

13.2.1 If a listed company is under any of the following circumstances, the Stock Exchange shall implement the warning on the delisting risk against the shares trading of the company:

(1) has been incurring losses for the last two consecutive years (based on the annually audited net profits disclosed in the latest two annual reports);

(2) the financial and accounting report of the company contains significant accounting mistakes or false records and is corrected by the company on its own initiative or is ordered to make rectification by the CSRC so that the financial and accounting reports in the previous years are adjusted retroactively, which result in the losses for the last consecutive years;

(3) the financial and accounting report of the company contains significant accounting mistakes or false records and is ordered to make rectification by the CSRC which the company fails to do so within the prescribed time limit and the shares of the company have been suspended for trading for two months;

(4) failure to disclose the annual report or interim report within the statutory time limit and the shares of the company have been suspended for two months;

(5) the company may be dissolved;

(6) the people's court has entertained the cases concerning the bankruptcy of the company, the company is likely to be declared bankruptcy according to law; or

(7) other circumstances determined by the Stock Exchange.

13.2.2A listed company shall make the announcement one trading day before the warning on the delisting risk is implemented against the shares trading. The announcement shall include the following contents:

(1) category, abbreviated name and securities code of the shares and the beginning date for implementing the warning on the delisting risk;

(2) reasons for implementing the warning on the delisting risk;

(3) the opinions of the board of directors of the company on striving for revoking the warning on the delisting risk and the specific measures thereof;

(4) warning on the risk of being suspended or terminated of listing for the shares;

(5) main method for answering the inquiries from investors by the company during the warning on the delisting risk, and

(6) other contents required by the CSRC and the Stock Exchange.

13.2.3 If the circumstance mentioned in Item (1) or (2) of Article 13.2.1 occurs in a listed company, the company shall promptly report the circumstance to the Stock Exchange after the board of directors adopts the annual report or the announcement on corrected financial report through deliberation, and shall also present the written opinions of the board of directors. The shares of the company and the derivative products thereof shall be suspended for trading on the date when the annual report or the announcement on corrected financial report is disclosed. If the disclosure date is a non-trading day, the trading shall be suspended on the next trading day. As of the date on which the trading is resumed, the Stock Exchange shall implement the warning on the delisting risk against the shares trading of the company.

13.2.4 If the circumstance mentioned in Item (3) or (4) of Article 13.2.1 occurs in a listed company, the shares of the company and the derivative products thereof shall be resumed for trading on the next trading day upon the expiry of suspension of trading which lasts for two months. As of the date on which the trading is resumed, the Stock Exchange shall implement the warning on the delisting risk against the shares trading of the company.

During the period when the share trading is implemented the warning on the delisting risk, the company shall make the risk alert announcement for at least three times.

13.2.5 If the circumstance mentioned in Item (5) or (6) of Article 13.2.1 occurs in a listed company, the company shall report such circumstance to the Stock Exchange promptly on the same day, the shares of the company and the derivative products thereof shall be suspended for trading after the Stock Exchange is informed the facts in question and the trading shall be resumed on the next trading day upon the opening of trading after the company discloses relevant announcements. As of the date on which the trading is resumed, the Stock Exchange shall implement the warning on the delisting risk against the shares trading of the company.

A company which faces the risk of bankruptcy shall, during the period when the shares trading of the company is implemented the warning on the delisting risk, apart from performing the information disclosure obligations according to the provisions of Article 11.8.5, it shall disclose the proceeding situation on the bankruptcy proceedings of the company at least once each month to prompt the risk of bankruptcy.

A company which faces the risk of being dissolved shall refer to the provisions of the preceding paragraph to disclose the proceeding situation on the dissolution and liquidation to prompt the relevant risks.

13.2.6 If the auditing result of a listed company in the latest fiscal year shows that the circumstance mentioned in Item (1) or (2) of Article 13.2.1 has been eliminated, the company shall promptly report the matter to the Stock Exchange and disclose the annual report after the board of directors adopts the annual report through deliberation, and it may apply for revoking the warning on the delisting risk which is implemented against the shares trading of the company at the Stock Exchange at the same time.

13.2.7 If the shares trading of a listed company is implemented the warning on the delisting risk due to the circumstance mentioned in Item (3) or (4) of Article 13.2.1, and such circumstance is eliminated within two months after the warning is implemented, the company may apply for revoking the warning on the delisting risk which is implemented against the shares trading of the company at the Stock Exchange.

13.2.8 After the circumstance mentioned in Item (5) or (6) of Article 13.2.1 has been eliminated, the listed company may apply for revoking the warning on the delisting risk which is implemented against the shares trading of the company at the Stock Exchange.

13.2.9 After a listed company submits the application for revoking the warning on the delisting risk which is implemented against the shares trading of the company at the Stock Exchange, it shall make the announcement on the next trading day.

The Stock Exchange shall base on the specific situations of the company to decide whether or not to revoke the warning on the delisting risk which is implemented against the shares trading of the company.

13.2.10 If the Stock Exchange decides to revoke the warning on the delisting risk, the listed company shall make the announcement on the previous trading day before the warning on the delisting risk is revoked as required by the Stock Exchange.

The shares of the company and the derivative products thereof shall be suspended for trading on the date when the announcement is disclosed, the Stock Exchange shall revoke the warning on the delisting risk which is implemented against the shares trading of the company from the date the trading is resumed.

13.2.11 If the Stock Exchange determines not to revoke the warning on the delisting risk, the listed company shall make the announcement on the next trading day when it receives the relevant written notices from the Stock Exchange. If the company does not make the announcement, the Stock Exchange shall make the announcement in the form of the announcement of stock exchanges.

The shares of the company and the derivative products thereof shall be suspended for trading in the morning upon the opening of trading of the date on which the announcement is disclosed and shall be resumed for trading at 10:30 Am.

Section III Other Special Disposals

13.3.1 If a listed company is in any of the following circumstances, the Stock Exchange shall implement other special disposals against the shares trading of the company:

(1) the auditing result in the latest fiscal year shows that the equity of the shareholders is negative;

(2) the accounting firm issues the auditing report in which the opinion or the negative opinion is unable to be stated against the financial and accounting report in the latest fiscal year;

(3) after the company applies for revoking the warning on the delisting risk which is implemented against the shares trading of the company according to Article 13.2.6 at the Stock Exchange and the application has been approved, the auditing result in the latest fiscal year shows that the main business of the company is not operated normally, or the net profits after deduction of the non-recurring gains and losses are negative;

(4) the natural disasters or significant accidents result in the production and business activities of the company being seriously affected and is predicted to be unable to return to normal within three months;

(5) the main banking accounts are frozen;

(6) the board of directors is unable to convene the meetings normally and make the resolutions;

(7) the CSRC requests the Stock Exchange to make special prompt on the shares trading of the company according to the relevant provisions of the "Provisional Measures for Sponsorship System for the Issuance and Listing of Securities"; or

(8) other circumstances determined by the CSRC and the Stock Exchange.

13.3.2 If any circumstance mentioned from Item (1) to (3) of the preceding article occurs in a listed company, the company shall report such circumstance to the Stock Exchange after the board of directors adopts the annual report through deliberation, and it shall also present the relevant written opinions of the board of directors; if any circumstance mentioned from Item (4) to (6) of the preceding article occurs, it shall promptly report the circumstance to the Stock Exchange after the event takes place.

13.3.3 If the circumstance mentioned in Item (7) of Article 13.3.1 occurs, the Stock Exchange shall implement the special disposals against the shares trading of the company according to the relevant requirements of the CSRC; if the circumstances mentioned in other Items of such Article occur, the Stock Exchange shall determine whether or not to implement other special disposals against the shares trading of the company.

13.3.4 A listed company shall make the announcement on the previous trading day before the shares trading of the company is implemented other special disposals as required by the Stock Exchange, the contents of the announcement shall refer to the provisions of Article 13.2.2.

The shares of the company and the derivative products thereof shall be suspended for trading on the date when the announcement is disclosed. As of the date the trading is resumed, the Stock Exchange shall implement other special disposals against the shares trading of the company.

13.3.5 If the financial conditions of a listed company in the latest fiscal year return to normal, and the auditing result shows that the circumstances mentioned in Item (1) and (2) of Article 13.3.1 have been eliminated and also meet the following conditions at the same time, the company shall promptly report such matters to the Stock Exchange after the board of directors adopts the annual report through deliberation and also disclose the annual report, and it may apply at the Stock Exchange for revoking other special disposals which are implemented against the shares trading of the company at the same time.

(1) the main business is under normal operation; and

(2) the net profits after deduction of the non-recurring gains and losses are positive.

13.3.6 If the auditing result of a listed company in the latest fiscal year shows that the circumstance mentioned in Item (3) of Article 13.3.1 has been eliminated, the company shall report the circumstance to the Stock Exchange after the board of directors adopts the annual report through deliberation and also disclose the annual report, and it may apply at the Stock Exchange for revoking other special disposals which are implemented against the shares trading of the company at the same time.

13.3.7 If a listed company deems that the circumstances mentioned from Item (4) to (6) of Article 13.3.1 have been eliminated, it may apply at the Stock Exchange for revoking other special disposals which are implemented against the shares trading of the company.

13.3.8 After the listed company submits the application for revoking other special disposals implemented against the shares trading of the company, it shall make the announcement on the next trading day.

After receiving the application of the company, the Stock Exchange shall determine whether or not to revoke other special disposals implemented against the shares trading of the company. If the shares trading of the company is implemented other special disposals based on the provisions of Item (7) of Article 13.3.1, the Stock Exchange shall revoke such other special disposals according to the requirements of the CSRC.

13.3.9 If the Stock Exchange decides to revoke other special disposals, the listed company shall make the announcement on the previous trading day before other special disposals are revoked as required by the Stock Exchange.

The shares of the company and the derivative products shall be suspended for trading on the date when the announcement is disclosed, the Stock Exchange shall revoke such other special disposals implemented against the shares trading of the company from the date on which the trading is resumed.

13.3.10 If the Stock Exchange determines not to revoke other special disposals, the listed company shall make the announcement on the next trading day when it receives the relevant written notices from the Stock Exchange. If the company does not make the announcement, the Stock Exchange shall make the announcement in the form of the announcement of stock exchanges.

The shares of the company and the derivative products thereof shall be suspended for trading in the morning upon the opening of trading of the date on which the announcement is disclosed and shall be resumed for trading at 10:30 am.

13.3.11 Regarding the circumstances mentioned from Item (1) to (3) of Article 13.3.1, if the Stock Exchange determines not to revoke other special disposals, the listed company may only reapply for revoking such other special disposals implemented against the shares trading of the company at the Stock Exchange in accordance with the provisions of Article 13.3.5 and 13.3.6 when it submits the annual report for the next year.

Chapter XIV Suspension, Resumption and Termination of Listing

Section I Suspension of Listing

14.1.1 If a listed company is in any of the following circumstances, the Stock Exchange shall suspend the listing of the shares of the company:

(1)after the shares trading of the company is implemented the warning on the delisting risk due to the circumstance mentioned in Item (1) or (2) of Article 13.2.1, the auditing result in the latest fiscal year shows that the company is suffering continuously losses;

(2) after the shares trading of the company is implemented the warning on the delisting risk due to the circumstance mentioned in Item (3) of Article 13.2.1, the company still fails to correct the financial and accounting report according to the requirements within two months;

(3) after the shares trading of the company is implemented the warning on the delisting risk due to the circumstance mentioned in Item (4) of Article 13.2.1, the company still fails to disclose the annual report or interim report within two months;

(4) the total capital share or shareholding distribution of the company has been changed so that the company no longer meets the listing conditions;

(5) the company is involved in major illegal acts; or

(6) other circumstances deemed by the Stock Exchange.

14.1.2 If a listed company of which the shares trading is implemented the warning on the delisting risk due to the circumstance mentioned in Item (1) or (2) of Article 13.3.1 predicts that it will continue to suffer losses in the latest fiscal year after the warning on the delisting risk is implemented, it shall make an risk alert announcement on the suspension of listing of shares within one month after the end of such fiscal year, and shall also make the risk alert announcement for at least two times before disclosing the annual report.

14.1.3 If the shares trading of a listed company is implemented the warning on the delisting risk due to the circumstance mentioned in Item (1) or (2) of Article 13.2.1 and the financial and accounting report shows that the company continues to suffer losses after the warning on the delisting risk is implemented, or although it shows that the company makes profits yet the accounting firm issues nonstandard and unreserved opinions against such report, the board of directors shall, when deliberating the annual financial and accounting report, make resolutions on the following matters and submit the resolutions to the latest shareholders general meeting for deliberation:

(1) If the shares of the company are suspended for listing, and the company is about to conclude an agreement with a securities company with the qualification of listing-resumption sponsorship institution (hereinafter referred to as the "agency institution") as prescribed in Article 4.1 and stipulate that the company will arrange the agency institution to be the sponsorship institution for the resumption of listing of shares; if the shares of the company are terminated for listing, the company will entrust the agency institution to provide the shares transfer service on behalf of the company, and authorize it to handle the matters concerning the shares withdrawal registration and shares reconfirmation in the market registration and clearing system of stock exchanges and handle the shares registration and settlement in the commission shares transfer system;

(2) If the shares of a listed company are suspended for listing and the company is about to conclude an agreement with the registration company and stipulate that after the shares of the company are suspended for listing, the company will entrust the registration company to be the trusteeship, registration and clearing institution for its whole shares; and

(3) If the shares of the company are terminated for listing, and the company is about to apply for transferring its shares in the shares transfer system on behalf of the company, the shareholders general meeting shall authorize the board of directors to handle the relevant matters concerning the termination of listing of shares of the company and the entry into the commission shares transfer system.

14.1.4 A listed company shall, within five trading days after the shareholders general meeting adopts the matters mentioned in the preceding article through deliberation, complete the conclusion of the agreements with the agency institution and registration company, and promptly report the matter to the Stock Exchange after the agreements are concluded and disclose the main contents of such agreements.

14.1.5 If the circumstance mentioned in Item (1) of Article 14.1.1 occurs in a listed company, the company shall promptly report the circumstance to the Stock Exchange after the board of directors adopts the annual report through deliberation and also disclose the annual report. When the company discloses the annual report, it shall make the risk alert announcement on the suspension of listing of shares again.

The Stock Exchange shall suspend the trading of the shares of the company and the derivative products thereof as of the date on which the annual report is disclosed, and make a decision on whether or not to suspend the listing of shares within 15 trading days after the trading is suspended.

14.1.6 If the circumstance mentioned in Item (2) or (3) of Article 14.1.1 occurs in a listed company, the Stock Exchange shall suspend the trading of the shares of the company and the derivative products thereof as of the first trading day after two months elapses, and make a decision on whether or not to suspend the listing of the shares within 15 trading days after the trading is suspended.

During the period of suspension of listing of shares, the company shall make the risk alert announcement on the termination of listing of shares for at least three times.

During the period between the suspension of listing and termination of listing of the shares of the company, the company shall refer to the provisions of Article 14.1.3 and 14.1.4 to complete the conclusion of agreements with the agency institution and the registration company, report the matters to the Stock Exchange and also disclose the main contents of the agreements.

14.1.7The Listing Committee of the Stock Exchange shall deliberate the matters concerning the suspension of listing of shares and make the professional judgments independently and make the opinions on the examination.

The Stock Exchange shall base on the opinions of the Listing Committee on the examination to make a decision on whether or not to suspend the listing of shares.

14.1.8 After the Stock Exchange makes a decision to suspend the listing of the shares of a listed company, it shall notify the company of the decision within two trading days after the decision is made and report the matter to the CSRC for a record at the same time.

14.1.9 A listed company shall promptly disclose the announcement on the suspension of listing of shares after receiving the decision from the Stock Exchange on the suspension of listing of shares of the company. Such announcement shall include the following contents:

(1) category, abbreviated name and securities code of the shares to be suspended for listing and the beginning date for suspending the listing;

(2) main contents of the decision on the suspension of listing of shares;

(3) opinions of the board of directors on striving for resuming the listing of shares and the specific measures thereof;

(4) risk alert on the termination of listing of shares;

(5) main methods for answering the inquires from investors by the company during the suspension of listing of shares; and

(6) other contents required by the CSRC and the Stock Exchange.

14.1.10 During the period of suspension of listing of shares, the company shall continue to perform the relevant obligations as the listed company, and also disclose the proceeding situations on the measures it takes for the purpose of resuming the listing of shares and other work once within the fist five trading days each month.

If the company does not take corresponding measures or there is no progress in the relevant work, it shall also disclose such situation and state the reasons thereof.

14.1.11 If a listed company is in any of the following circumstances, the Stock Exchange shall suspend the listing of the convertible corporate bonds:

(1) the company is involved in major illegal acts;

(2) great change in the company which results in the company no longer meets the conditions for listing the convertible corporate bonds;

(3) the capital raised through the issuance of convertible corporate bonds is not used for the approval purposes;

(4) failure to perform the obligations according to the measures for raising of convertible corporate bonds;

(5) the company has been incurring losses for the last consecutive years; or

(6) other circumstances deemed by the Stock Exchange to be necessary to suspend the listing of its convertible corporate bonds.

14.1.12 The matters concerning the suspension of listing of convertible corporate bonds shall refer to the relevant provisions of this Section on the suspension of listing of shares.

Section II Resumption of Listing

14.2.1 Where the shares of a listed company are suspended for listing due to the circumstance mentioned in Item (1) of Article 14.1.1, during the period of suspension of listing, if the company has disclosed the latest annual report within the statutory time limit and the audited annual financial and accounting report shows that the company is making profits, the company may apply in written at the Stock Exchange for the resumption of listing of the shares of the company within five trading days after the latest annual report has been disclosed.

14.2.2 If the financial and accounting report in the latest annual report is imposed the nonstandard and unreserved opinions by the accounting firm after the shares are suspended for listing, the listed company shall make the risk alert announcement on the termination of shares of the company when it discloses the annual report.

14.2.3 A listed company shall arrange the agency institution to be its listing-resumption sponsorship institution.

The sponsorship institution shall check the application materials for the resumption of listing of shares in respect of the truthfulness, accuracy and completeness, and issue the listing-resumption sponsorship letter after it confirms that the company has possessed the conditions for the resumption of listing and guarantee to bear the jointly and severally liabilities.

14.2.4 The sponsorship institution shall, in the course of checking the application materials, it shall pay the full attention to the relevant situations of the listed company and conduct the checking conscientiously from at least the following three aspects and issue the checking report:

(1) Regulating the operation: including the independency of the personnel, assets and financial affairs, whether the affiliated transactions are fair, major activities of sale or purchase the assets are regularized, whether the business direction and business status after the recombination has been changed substantially, whether there are trade competition between the company and defacto controllers thereof, etc;

(2) Financial and accounting: Including the conformation of the income of the company, whether the confirmation of non-recurring gains and losses conforms to the relevant provisions, whether the matters involved in the nonstandard and unreserved auditing opinions issued by the accounting firm have significant influences on the company, the situations on the rectification and adjustment of matters which obviously violate the accounting guidelines, systems and the relevant provisions of information disclosure regulations, etc; and

(3) Contingent risks: including the sale, mortgage, replacement of assets, entrusting operation, major external guaranty, major litigations and arbitrations (the provisions of these Rules on cumulative calculation shall be applicable), and impact of the above matters on the production and operation of the company.

Regarding the various non-regularized activities of the company, the sponsorship institution shall request the company to make rectification. If the company fails to do so as required, the sponsorship shall refuse to issue the listing-resumption sponsorship letter for the company.

14.2.5 The listing-resumption sponsorship letter issued by the sponsorship institution shall include the following contents;

(1) basic information of the company;

(2) major potential risks of the company and the expiations on whether the original risks have been eliminated;

(3) appraisal on the development prospect of the company;

(4) main contents of the checking report;

(5) explanations on whether the company fully complies with the conditions for the resumption of listing and the basis thereof;

(6) unreserved sponsorship opinions which are clearly stated and the reasons thereof;

(7) explanations on the corresponding sponsorship qualification possessed by the sponsorship institution and relevant sponsorship representatives and the internal examination procedures of the sponsorship institution;

(8) explanations on whether the sponsorship institution is in the situations where its impartial performance of sponsorship responsibilities may be affected;

(9) undertakings made by the sponsorship institution referring to the relevant provisions;

(10) working arrangements in the period of continuing supervision over the company;

(11) contact address, telephone and other communicating methods of the sponsorship institution and the relevant sponsorship representatives;

(12) other matters deemed necessary to be clearly stated by the sponsorship institution; and

(13) other contents required by the CSRC and the Stock Exchange.

The listing-resumption sponsorship letter shall be signed by the legal representative (or the authorized representative) and relevant sponsorship representatives, indicated the date and affixed the seal of the sponsorship institution.

14.2.6 If a listed company applies for the resumption of listing of the shares, it shall arrange the lawyer to check and verify the application for the resumption of listing in respect of the legality and it complying with the regulations as well as the truthfulness, accuracy and completeness of the relevant application materials and issue the legal opinions on whether the company meets the conditions for the resumption of listing and bear the corresponding legal liabilities.

14.2.7 The legal opinions mentioned in the above article shall include the following contents and relevant conclusive opinions:

(1) the subject qualification of the company;

(2) whether the company fully meets the substantial conditions for the resumption of listing;

(3) business and development object of the company;

(4) the improvement structure and regulatory operation situations of the company;

(5) affiliated transactions and trade competition;

(6) Main Properties of the company;

(7) Major creditors' rights and liabilities;

(8) Situations on the change of major assets and the purchase and merger thereof;

(9) Situation on the tax payment of the company;

(10) Significant litigation and arbitration;

(11) administrative penalties imposed on the company; and

(12) other issues deemed to be necessary to be clearly stated by the lawyer.

The relevant conclusive opinions put forward by the lawyer on the above matters shall include whether the matters comply with laws and regulations, whether they are truthful and valid, whether they are involved in disputes or potential risks, etc.

14.2.8 When a listed company applies for the resumption of listing, it shall submit the following documents to the Stock Exchange:

(1) application form for the resumption of listing;

(2) resolution of the board of directors on the consent of the application for the resumption of listing due to the company's complying with the conditions for the resumption of listing;

(3) report of the board of directors on the major work conducted by the company for the resumption of listing during the suspension of listing;

(4) analysis report made by the management personnel on the profits situation of the company, and the persistency and stability of the business ability and profit-making ability of the company from the aspects such as the main business of the company, business activities, financial status, contingent matters, after-period matters and other significant matters, etc;

(5) explanations on the scheme for the recombination of major assets of the company, including the internal decision-making procedures for the recombination of major assets, assets transfer, confirmation of the relevant proceeds, implementing results and the relevant certificate documents, etc;

(6) explanations on the matters concerning the major affiliated transactions during the period of the latest annual report of the company, including the relevant internal decision-making procedures, the main contents of the agreements, the performance situation and implementing result thereof, and the relevant certificate documents, etc;

(7) explanations on the tax payment situation during the period of the latest annual report of the company;

(8) original copies of the annual report and auditing report;

(9) the listing-resumption sponsorship letter and the sponsorship agreement issued by the sponsorship institution;

(10)legal opinions;

(11) explanations of the board of directors on the matters involved in the nonstandard and unreserved auditing opinions (if applicable);

(12) explanations of the accounting firm and the certified public accountant on the issuance of nonstandard and unreserved auditing opinions (if applicable);

(13) the relevant agreements concluded with the agency institution and the registration company according to the provisions of Article 14.1.4; and

(14) other documents required by the Stock Exchange.

The company shall make the relevant announcement on the next trading day after it applies for the resumption of listing at the Stock Exchange.

14.2.9 The Stock Exchange shall, within five trading days after receiving the application documents for the resumption of listing submitted by the listed company, make a decision on whether or not to entertain the application and inform the company about this.

If the company fails to provide the application documents according to the requirements of the preceding article, the Stock Exchange shall not entertain its application for the resumption of listing of its shares.

The company shall, after receiving the decision from the Stock Exchange on whether or not to entertain its application, promptly disclose the relevant contents of the decision, and issue the risk alert announcement on the termination of listing.

14.2.10 The Stock Exchange shall, within 30 trading days after entertaining the application for the resumption of listing from the listed company, make a decision on whether or not to approve the resumption of listing of the shares of the company.

During such period, if the Stock Exchange requests the company to provide supplementary materials, the company shall provide the relevant materials within the time limit prescribed by the Stock Exchange. The time limit for providing the supplementary materials by the company shall not be included into the time limit mentioned above within which the Stock Exchange makes the relevant decision.

14.2.11　After entertaining the application for the resumption of listing from the listed company, the Stock Exchange may arrange the accounting firm with the qualification to conduct the relevant securities and futures businesses to investigate and verify the truthfulness of the profit-making situation of the company.

The period of investigation and verification shall not be included into the time limit mentioned above within which the Stock Exchange makes the relevant decision.

14.2.12 If the shares of a listed company are suspended for listing due to the circumstance mentioned in Item (2) of Article 14.1.1 and the company discloses the financial and accounting report which is corrected according to the relevant provisions within two months, it may make a written application for the resumption of listing of shares at the Stock Exchange within five trading days after the disclosure is made.

The Stock Exchange shall, within 15 trading days after receiving the application of the company, make a decision on whether or not to approve the resumption of listing of the shares.

14.2.13 If the shares of a listed company are suspended for listing due to the circumstance mentioned in Item (3) of Article 14.1.1 and the company discloses the relevant annual report or interim report within two months, it may make a written application for the resumption of listing of shares at the Stock Exchange within five trading days after the disclosure is made.

The Stock Exchange shall, within 15 trading days after receiving the application of the company, make a decision on whether or not to approve the resumption of listing of the shares. Before making the decision, it may request the company to provide the special explanations and opinions on the matters involved in the relevant regular report of the company issued by the sponsorship institution and accounting firm according to the specific circumstances.

14.2.14 The Listing Committee of the Stock Exchange shall deliberate the application of the listed company on the resumption of listing and make the professional judgments independently and form the opinions on the examination.

The Stock Exchange shall make a decision on whether or not to approve the resumption of listing of the shares of the company based on the opinions of the Listing Committee on the examination.

14.2.15 The Stock Exchange shall notify the listed company of the decision on the consent of the resumption of listing of shares within two trading days after the decision is made, and report the matter to the CSRC for a record.

14.2.16 If the Stock Exchange approves to the resumption of listing, the listed company shall promptly disclose the announcement of the resumption of listing of the shares after receiving the relevant decision. Such announcement shall include the following contents:

(1) the category, abbreviated name and the securities code of the shares to be resumed for listing;

(2) main contents of the decision on the resumption of listing of shares;

(3) specific explanations of the board of directors on the measures for the resumption of listing;

(4) analysis for the relevant risk factors; and

(5) other contents required by the CSRC and the Stock Exchange.

14.2.17 The shares of a listed company shall be resumed for listing five trading days after the company discloses the announcement of the resumption of listing of shares.

14.2.18 During the period when the convertible corporate bonds are suspended for listing, if the listed company complies with the following conditions, it may make a written application for the resumption of listing of the convertible corporate bonds of the company at the Stock Exchange:

(1) the convertible corporate bonds are suspended for listing due to the circumstance mentioned in Item (1) or (4) of Article 14.1.11 and the consequence resulting from such circumstance is not serious after verification;

(2) the convertible corporate bonds are suspended for listing due to the circumstance mentioned in Item (2) of Article 14.1.11 and such circumstance has been eliminated within six months;

(3) the convertible corporate bonds are suspended for listing due to the circumstance mentioned in Item (3) of Article 14.1.11 and such circumstance has been eliminated within two months; or

(4) the convertible corporate bonds are suspended for listing due to the circumstance mentioned in Item (5) of Article 14.1.11, and the company discloses the latest audited annual report within the statutory time limit for disclosure and the annual financial and accounting report shows that the company is making profits.

14.2.19 The matters concerning the resumption of listing of convertible corporate bonds shall refer to the relevant provisions of this Section on the resumption of listing of shares.

Section III Termination of Listing

14.3.1 If a listed company is under any of the following circumstances, the Stock Exchange shall terminate the listing of the shares of the company:

(1) failure to disclose the latest audited annual report within the statutory time limit after the shares of the company are suspended for listing due to the circumstance mentioned in Item (1) of Article 14.1.1;

(2) after the shares of the company are suspended for listing due to the circumstance mentioned in Item (1) of Article 14.1.1, the latest audited annual report disclosed by the company within the statutory time limit shows that the company is suffering losses;

(3) after the shares of the company are suspended for listing due to the circumstance mentioned in Item (1) of Article 14.1.1, the company discloses the latest audited annual report within the statutory time limit while it fails to apply for the resumption of listing within the following five trading days;

(4) after the shares of the company are suspended for listing due to the circumstance mentioned in Item (2) of Article 14.1.1, the company still fails to correct the financial and accounting report as required within two months or has disclosed the financial and accounting report which is corrected according to the requirements within two months but fails to apply for the resumption of listing within the following five trading days;

(5) after the shares of the company are suspended for listing due to the circumstance mentioned in Item (3) of Article 14.1.1, the company still fails to disclose the relevant annual report or interim report within two months or has disclosed the relevant annual report or interim report within two months but fails to apply for the resumption of listing within the following five trading days;

(6) the application for the resumption of listing has not been entertained;

(7) the application for the resumption of listing has not been approved;

(8) the company no longer meets the conditions for the listing due to the change of the total share capital or the shareholding distribution and it still fails to meet the conditions for listing within the time limit prescribed by the Stock Exchange;

(9) the listed company or the purchaser repurchases the shares or make the takeover by offer for the purpose of terminating the listing of shares, after the implementation of the scheme, the total share capital and the shareholding distribution of the company has been changed to make the company no longer meets the conditions for listing and the company applies for the resumption of listing at the Stock Exchange.

(10) the shareholders general meeting makes a resolution on the termination of listing of shares during the period when the shares of the company are suspended for listing;

(11) the company is dissolved or declared to be bankrupt; or

(12) other circumstances determined by the Stock Exchange.

14.3.2 If the listed company is in the circumstance mentioned in Item (1) of Article 14.3.1, the Stock Exchange shall make a decision on whether or not to terminate the listing of the shares of the company within 15 trading days as of the date on which the statutory time limit for disclosure expires;

14.3.3 If a listed company predicts that the circumstance mentioned in Item (2) of Article 14.3.1 may occurs after the shares of the company are suspended for listing, the board of directors shall, within ten trading days after the end of the latest year, make the risk alert announcement on the termination of listing of the shares of the company and make the risk alert announcement at least twice before disclosing the annual report.

14.3.4 If a listed company is in the circumstance mentioned in Item (2) of Article 14.3.1, it shall report the matter to the Stock Exchange promptly after the board of directors adopts the annual report through deliberation and disclose such annual report, and it shall also make the risk alert announcement on the termination of listing of the shares of the company.

The Stock Exchange shall make a decision on whether or not to terminate the listing of the shares of the company within 15 trading days as of the date on which the company discloses the annual report.

14.3.5 If a listed company is in the circumstance mentioned in Item (3) of Article 14.3.1, the Stock Exchange shall make a decision on whether or not to terminate the listing of the shares of the company within 15 trading days as of the date on which the company discloses the annual report.

14.3.6 If a listed company is in the circumstance mentioned in Item (4) or (5) of Article 14.3.1, the Stock Exchange shall make a decision on whether or not to terminate the listing of the shares of the company within 15 trading days upon the expiry of two months or five trading days.

14.3.7 If a listed company is in the circumstance mentioned in Item (6) or (7) of Article 14.3.1, the Stock Exchange shall, within 15 trading days as of the date on which it decides not to entertain the application for the resumption of listing of the shares of the company, make a decision to terminate the listing of the shares at the same time when it decides not to approve the application for the resumption of listing of the shares.

14.3.8 If a listed company is in the circumstance mentioned in Item (8) of Article 14.3.1, the Stock Exchange shall, within 15 trading days upon the expiry of the prescribed time limit, make a decision on whether or not to terminate the listing of the shares of the company.

14.3.9 If a listed company is in the circumstance mentioned in Item (9) of Article 14.3.1, the Stock Exchange shall suspend the trading of the shares of the company and the derivative products thereof according to the specific circumstances, and make a decision on whether or not to terminate the listing of the shares within 15 trading days after receiving the application of the company.

14.3.10 If a listed company is in the circumstance mentioned in Item (10) of Article 14.3.1, it shall notify the Stock Exchange of this matter after the end of the meeting of the board of directors and make the public announcement.

The Stock Exchange shall make a decision on whether or not to terminate the listing of the shares of the company within 15 trading days after the company discloses the announcement of the resolution of the shareholders general meeting.

14.3.11 If a listed company is in the circumstance mentioned in Item (11) of Article 14.3.1, it shall report the matter to the Stock Exchange immediately and make the public announcement in the following day after it knows that the conditions for the dissolution of the company such as the business license of the company is revoked according to law or the company is ordered to be closed down or revoked have fulfilled, or after the shareholders general meeting adopts the resolution for the dissolution of the company, or on the date when the people's court declares the company to be bankrupt, the shares of the company and the derivative products thereof shall be suspended for trading as of the date on which the Stock Exchange is informed such information.

The Stock Exchange shall make a decision on whether or not to terminate the listing of the shares within 15 trading days after the company discloses the above announcement.

14.3.12 The Listing Committee of the Stock Exchange shall deliberate the matters concerning the termination of listing of shares, make the professional judgment independently and form the opinions on the examination.

The Stock Exchange shall make a decision on whether or not to terminate the listing of the shares based on the opinions of the Listing Committee on the examination.

14.3.13 Before making a decision on whether or not to terminate the listing of shares, the Stock Exchange may arrange the accounting firm with the qualification to conduct the relevant securities and futures businesses to investigate and verify the truthfulness of profit-making situation of the listed company and submit the result to the Listing Committee for deliberation. The period for the investigation and verification shall not be included into the time limit within which the Stock Exchange makes the relevant decision.

For the purpose to make a decision on whether or not to terminate the listing of the shares of the company, the Stock Exchange may request the company to provide supplementary materials, the company shall provide the relevant materials within the time limit prescribed by the Stock Exchange. The time limit for providing the supplementary materials by the company shall not be included into the time limit within which the Stock Exchange makes the relevant decision.

14.3.14 The Stock Exchange shall, within two trading days after making a decision to terminate the listing of shares, notify the company of the matter and make the relevant announcement and report the matter to the CSRC for a record at the same time.

If the company fails to arrange the agency institution to conclude the relevant agreement with it according to the relevant provisions erenow, the Stock Exchange shall, at the time when making the decision to terminate the listing of the shares, designate a interim agency institution for the company, and notify the company and the agency institution of the matter, and shall also make the relevant announcement on the above matters within two trading days (except for the situation in which the company no longer possesses the qualification as a legal person).

14.3.15 The company shall promptly disclose the announcement on the termination of listing of the shares after receiving the decision from the Stock Exchange on the termination of listing of the shares of the company. The announcement on the termination of listing of shares shall include the following contents:

(1) category, abbreviated name and securities code of the shares to be terminated for listing and the date of termination of listing;

(2) the main contents of the decision on the termination of listing;

(3) the matters concerning the registration, transfer and management of the shares of the company after the shares have been terminated for listing;

(4) contact person, contact address and telephone and other communicating methods of the company after the shares have been terminated for listing;

(5) other contents required by the CSRC and the Stock Exchange.

14.3.16 The company shall arrange the relevant matters concerning the entry into the commission shares transfer system after the shares have been terminated for listing, and ensure that the shares of the company may enter into the commission shares transfer system for the transfer within 45 trading days after the Stock Exchange makes the announcement on the termination of listing.

14.3.17 If a listed company is in any of the following circumstances, the Stock Exchange shall terminate the listing of the convertible corporate bonds:

(1) the convertible corporate bonds have been suspended for listing due to the circumstance mentioned in Item (1) or (4) of Article 14.1.11 and the consequences are serious after the verification of the above circumstance;

(2) the convertible corporate bonds have been suspended for listing due to the circumstance mentioned in Item (2) of Article 14.1.11 and the circumstance can not be eliminated within six months;

(3) the convertible corporate bonds have been suspended for listing due to the circumstance mentioned in Item (3) of Article 14.1.11 and the circumstance can not be eliminated within two months;

(4) the convertible corporate bonds have been suspended for listing due to the circumstance mentioned in Item (5) of Article 14.1.11, and the company fails to disclose the latest audited annual report within the statutory time limit or the annual report disclosed shows that the company is suffering losses, or the company fails to apply for the resumption of listing within five trading days after disclosing the annual report; or

(5) the shares of the company have been terminated for listing.

14.3.18 The matters concerning the termination of listing of convertible corporate bonds shall refer to the relevant provisions of this Section on the termination of listing of shares.

Chapter XV Review Application

15.1 If an issuer or a listed company (hereinafter referred to as the "applicant") does not satisfy with the decision made by the Stock Exchange on the disapproval of listing, suspension of listing or termination of listing, it may apply for a review at the Stock Exchange within seven trading days after receiving the decision; if the Stock Exchange fails to make the announcement on the relevant decision, the applicant may apply for a review at the Stock Exchange within seven trading days after receiving the decision. During the review period, the decision of the Stock Exchange shall still be enforceable. The listed company shall make the relevant announcement on the following trading day after it applies for the review application at the Stock Exchange.

15.2 If an applicant applies for the review at the Stock Exchange according to the provisions of the preceding article, it shall submit the following documents:

(1) review application;

(2) opinions of the sponsorship institution on the matters applied for the review;

(3) legal opinions of the legal firm on the matters applied for the review; and

(4) other documents required by the Stock Exchange.

15.3 The Stock Exchange shall, within five trading days after receiving the review application documents submitted by the applicant, make a decision on whether or not to entertain the application and notify the applicant of the matter. If the applicant does not submit the review application documents according to the preceding article, the Stock Exchange shall not entertain such review application.

The listed company shall, after receiving the decision on whether or not to entertain its review application promptly disclose the relevant contents of the decision and prompt the relevant risks.

15.4 The Stock Exchange shall set up the Review Institution to deliberate the review application of the applicant.

15.5 The Stock Exchange shall, within 30 trading days after entertaining the review application, make a decision on whether or not to maintain the original decision on the disapproval listing, suspension of listing or termination of listing. Such decision shall be final.

If the Stock Exchange requests the applicant to provide supplementary materials during such period, the applicant shall provide the materials according to the requirements. The period for providing supplementary materials by the company shall not be included into the time limit within which the Stock Exchange makes the relevant decision.

The listed company shall, after receiving the review decision from the Stock Exchange, promptly disclose the relevant contents of the decision.

Chapter XVI Coordination of Listing Affairs Within and Outside of the territory of China

16.1 If a company listed in the Stock Exchange also has other securities listed in other stock exchanges outside the territory of China, regarding the information disclosed by the company as required by other stock exchanges, the company shall report the information to the Stock Exchange, and disclose the same information within the territory of China at the same time upon the approval of the Stock Exchange.

16.2 The report and announcement provided by a listed company to other stock exchanges and the Stock Exchange on the same event shall be the same regarding the contents. If significant discrepancies occur, the company shall make special explanations to the Stock Exchange and disclose the corrected or supplementary announcement as required by the Stock Exchange.

16.3 The unsettled matters of this Chapter shall refer to the relevant laws, administrative rules and regulations, ministerial regulations, the supervision and cooperation memo signed by the Stock Exchange and other stock exchanges and other relevant provisions.

Chapter XVII Daily Supervision and the Disposal of Breach of these Rules

17.1 The Stock Exchange shall exercise the daily supervision over the matters concerning information disclosure of listed companies and relevant information disclosure obligors, the specific measures shall include:

(1) requesting the company and the relevant information disclosure obligors or the directors (the board of directors), supervisors (the supervisory board) or the senior management personnel thereof to make explanations and statements on relevant issues;

(2) requesting the company to arrange relevant intermediary agencies to examine and check the existing issues and state the opinions;

(3) issuing various notices and letters;

(4) asking for the appointment with relevant personnel;
.
(5) reporting the relevant activities of breach of laws or regulations to the CSRC; and

(6) other regulatory measures.

The company and the relevant information disclosure obligors shall accept and actively cooperate the daily supervision with the Stock Exchange, answer the inquiries of the Stock Exchange accurately within the prescribed time limit, and present the explanations according to the requirements or disclose the corresponding corrected or supplementary announcement.

17.2 If a listed company and the relevant information disclosure obligors violate these rules or the undertakings made to the Stock Exchange, the Stock Exchange may impose the following reprimand on them based on the seriousness of the circumstances:

(1) to circulate a notice of criticism; or

(2) public condemnation.

17.3 If any director, supervisor or senior management personnel of a listed company violate these rules or the undertakings made to the Stock Exchange, the Stock Exchange may impose the following reprimand on him based on the seriousness of the circumstances:

(1) to circulate a notice of criticism; or

(2) public condemnation; or

(3) to determine the person to be unsuitable for acting as the director, supervisor or senior management personnel.

The reprimand mentioned in the above Item (2) and (3) may be imposed concurrently.

17.4 If the secretary of the board of directors of a listed company violates these rules, the Stock Exchange may impose the following reprimand on him based on the seriousness of the circumstances:

(1) to circulate a notice of criticism; or

(2) public condemnation; or

(3) to suggest the company to replace the secretary of the board of directors.

The reprimand mentioned in the above Item (2) and (3) may be imposed concurrently.

17.5 If the sponsorship institution or sponsorship representatives violate these Rules, the Stock Exchange may impose the following reprimand on them based on the seriousness of the circumstances:

(1) to circulate a notice of criticism; or

(2) public condemnation.

If the circumstance is serious, the Stock Exchange shall report the circumstance to the CSRC for investigation and punishment.

Chapter XVIIII interpretations

18.1 The following terms in these Rules shall mean the following:

Listed company: a joint stock limited company of which the shares are listed and traded on the Stock Exchange.

Senior management personnel: the manager, deputy manager, secretary of the board of directors, person in charge of finance of the company and other personnel stipulated by the articles of association.

Holding company shareholders: the shareholders who hold more than 50% of the share capital of a company; or although the proportion of the shares they hold does not reach 50%, the voting rights enjoyed by them based on the shares they hold may considerably affect the resolutions of the shareholders general meeting.

Defacto controllers: the persons who are not the shareholders of a company may actually control the activities of the company through the investment relationship, agreements or other arrangements.

Control: the status which may determine the financial and business policy of an enterprise and also make profits from the business activities of the enterprise. Any of the following situations shall constitute the control:

(1) holding the most shares of the company according to the roster of the shareholders, unless there is contradictory evidence;

(2) may directly or indirectly exercise more voting rights of a company than the shareholders who hold the most shares of the company;

(3) may decide more than half of the personnel of the board of directors of a company through exercising the voting rights; or

(4) other circumstances deemed by the CSRC and the Stock Exchange.

Subsidiary holding company: a company of which more than 50% of shares are held by a listed company, or of which more than half of the personnel of the board of directors is decided by the listed company, or over which the listed company can actually control through agreements or other arrangements.

Promptly: within two trading days as of the date on which the calculation begins or the time when the disclosure is made as prescribed by these Rules.

Disclosure: a listed company or related information disclosure obligors publish the information on the designated media in accordance with the laws, administrative rules and regulations, ministerial regulations, these Rules and other relevant provisions.

Internal employee shares: shares originally decided to be subscribed for by the internal employee of the joint stock limited company.

Repurchase of shares: the activity of a listed company to purchase the tradable shares issued by the company and then revoke such shares after the purchase.

18.2 The meaning of the terms which are not defined in these Rules shall be determined in accordance with the laws, administrative rules and regulations, ministerial regulations and relevant business rules of the Stock Exchange.

18.3 The "more than", "exceed", and "within" mentioned in these Rules shall include the given figure, "less than" shall not include the given figure.

Chapter XIX Supplementary Provisions

19.1 These Rules shall be effective immediately after being adopted by the Council of the Stock Exchange through liberation and upon the approval of the CSRC, and so shall the amendment.

19.2 These Rules shall be interpreted by the Stock Exchange.

19.3 These Rules shall come into effect as of May 19, 2006.

Regarding the significant matter occurring before that should be disclosed according to the original "Listing Rules of Shares" but not disclosed, if it should also be disclosed according to these Rules, it shall be promptly disclosed according to these Rules after these Rules are promulgated and come into effect.

Annexes:

1. Declaration and Undertakings of Director (omitted)
2. Declaration and Undertakings of Supervisor (omitted)
3. Declaration and Undertakings of Senior Management Personnel (omitted)

	上海证券交易所股票上市规则（2006年5月修订）

(1998年1月实施 2000年5月第一次修订 2001年6月第二次修订 2002年2月第三次修订 2004年12月第四次修订 2006年5月第五次修订)

第一章  总  则

1.1 为规范股票、可转换为股票的公司债券和其他衍生品种（以下统称“股票及其衍生品种”）的上市行为，以及上市公司和其他相关义务人的信息披露行为，维护证券市场秩序，保护投资者和发行人的合法权益，根据《中华人民共和国公司法》(以下简称“《公司法》”)、《中华人民共和国证券法》（以下简称“《证券法》”）和《证券交易所管理办法》等相关法律、行政法规、部门规章以及《上海证券交易所章程》，制定本规则。

1.2 在上海证券交易所（以下简称“本所”）上市的股票及其衍生品种，适用本规则。

中国证券监督管理委员会（以下简称“中国证监会”）和本所对权证等衍生品种的上市、信息披露、停牌等事宜另有规定的，从其规定。

1.3 申请股票及其衍生品种在本所上市交易，应当经本所审核同意，并在上市前与本所签订上市协议，明确双方的权利、义务和有关事项。

1.4 本所依据法律、行政法规、部门规章、本规则、其他规范性文件和中国证监会的授权，对上市公司及其董事、监事、高级管理人员、股东、实际控制人、收购人等相关信息披露义务人和保荐机构及其保荐代表人进行监管。

第二章  信息披露的基本原则和一般规定

2.1 上市公司及相关信息披露义务人应当根据法律、行政法规、部门规章、本规则以及本所发布的办法和通知等相关规定，履行信息披露义务。

2.2 上市公司应当及时、公平地披露所有对本公司股票及其衍生品种交易价格可能产生较大影响的信息，并将公告和相关备查文件在第一时间报送本所。

2.3 上市公司及其董事、监事、高级管理人员应当保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或者重大遗漏。不能保证公告内容真实、准确、完整的，应当在公告中作出相应声明并说明理由。

2.4 上市公司发生的或与之有关的事件没有达到本规则规定的披露标准，或者本规则没有具体规定，但本所或公司董事会认为该事件可能对公司股票及其衍生品种交易价格产生较大影响的，公司应当比照本规则及时披露。

2.5 上市公司董事、监事、高级管理人员和其他知情人在信息披露前，应当将该信息的知情者控制在最小范围内，不得泄漏公司内幕信息，不得进行内幕交易或者配合他人操纵股票及其衍生品种交易价格。

2.6 上市公司应当制定并严格执行信息披露管理制度和重大信息的内部报告制度，明确公司各部门（含控股子公司）和有关人员的信息披露职责范围及保密责任，以保证公司的信息披露符合本规则要求。

2.7 上市公司及相关信息披露义务人应当关注公共传媒（包括主要网站）关于本公司的报道，以及本公司股票及其衍生品种的交易情况，及时向有关方面了解真实情况，在规定期限内如实回复本所就上述事项提出的问询，并按照本规则的规定和本所要求及时就相关情况作出公告。

2.8 上市公司及相关信息披露义务人未在规定期限内回复本所问询、未按照本规则的规定和本所要求进行公告的，或者本所认为必要时，本所可以交易所公告的形式向市场说明有关情况。

2.9 本规则规定的上市公司信息披露形式包括定期报告和临时报告。

公司在披露信息前，应当按照本所要求报送定期报告或者临时报告文稿和相关备查文件。

2.10 上市公司披露信息时，应当使用事实描述性语言，简明扼要、通俗易懂地说明事件真实情况，信息披露文件中不得含有宣传、广告、恭维或者诋毁等性质的词句。

2.11 本所根据有关法律、行政法规、部门规章、本规则以及本所发布的办法和通知等相关规定，对上市公司信息披露文件进行形式审核，对其内容的真实性不承担责任。

本所对定期报告实行事前登记、事后审核；对临时报告依不同情况实行事前审核或者事前登记、事后审核。

定期报告和临时报告出现任何错误、遗漏或者误导的，本所可以要求公司作出说明并公告，公司应当按照本所的要求办理。

2.12 上市公司定期报告和临时报告以及相关信息披露义务人的公告经本所登记后，应当在中国证监会指定的媒体上披露。公司和相关信息披露义务人未能按照既定日期披露的，应当在既定披露日上午九点之前向本所报告。

公司和相关信息披露义务人应当保证在指定媒体上披露的文件与本所登记的内容完全一致。

公司和相关信息披露义务人在其他公共传媒披露的信息不得先于指定媒体，不得以新闻发布或者答记者问等其他形式代替信息披露。董事应当遵守并促使公司遵守前述规定。

2.13 上市公司应当将定期报告和临时报告等信息披露文件在公告的同时备置于公司住所，供公众查阅。

2.14 上市公司应当配备信息披露所必需的通讯设备，保证对外咨询电话的畅通。

2.15 上市公司拟披露的信息存在不确定性、属于临时性商业秘密或者本所认可的其他情形，及时披露可能损害公司利益或者误导投资者，并且符合以下条件的，可以向本所申请暂缓披露，说明暂缓披露的理由和期限：

（一）拟披露的信息尚未泄漏；
（二）有关内幕人士已书面承诺保密；
（三）公司股票及其衍生品种的交易未发生异常波动。

经本所同意，公司可以暂缓披露相关信息。暂缓披露的期限一般不超过2个月。

暂缓披露申请未获本所同意，暂缓披露的原因已经消除或者暂缓披露的期限届满的，公司应当及时披露。

2.16 上市公司拟披露的信息属于国家机密、商业秘密或者本所认可的其他情形，按本规则披露或者履行相关义务可能导致其违反国家有关保密的法律法规或损害公司利益的，可以向本所申请豁免按本规则披露或者履行相关义务。

2.17 上市公司对本规则的具体要求有疑问的，可以向本所咨询。

2.18 上市公司股东、实际控制人、收购人等相关信息披露义务人，应当按照有关规定履行信息披露义务，积极配合公司做好信息披露工作，及时告知公司已发生或者拟发生的重大事件，并在披露前不对外泄漏相关信息。

第三章  董事、监事和高级管理人员

第一节  董事、监事和高级管理人员声明与承诺

3.1.1 董事、监事和高级管理人员应当在公司股票首次上市前，新任董事和监事应当在股东大会或者职工代表大会通过相关决议后一个月内，新任高级管理人员应当在董事会通过相关决议后一个月内，签署一式三份《董事（监事、高级管理人员）声明及承诺书》，并向本所和公司董事会备案。

董事、监事和高级管理人员签署《董事（监事、高级管理人员）声明及承诺书》时，应当由律师解释该文件的内容，董事、监事和高级管理人员在充分理解后签字并经律师见证。

董事会秘书应当督促董事、监事和高级管理人员及时签署《董事（监事、高级管理人员）声明及承诺书》，并按照本所规定的途径和方式提交《董事（监事、高级管理人员）声明及承诺书》的书面文件和电子文件。

3.1.2 董事、监事和高级管理人员应当在《董事（监事、高级管理人员）声明及承诺书》中声明：

（一）持有本公司股票的情况；
（二）有无因违反法律、行政法规、部门规章、本规则受查处的情况；
（三）参加证券业务培训的情况；
（四）其他任职情况和最近五年的工作经历；
（五）拥有其他国家或者地区的国籍、长期居留权的情况；
（六）本所认为应当声明的其他事项。

3.1.3 董事、监事和高级管理人员应当保证《董事（监事、高级管理人员）声明及承诺书》中声明事项的真实、准确、完整，不存在任何虚假记载、误导性陈述或者重大遗漏。

声明事项发生变化时（持有本公司股票的情况除外），董事、监事和高级管理人员应当自该等事项发生变化之日起五个交易日内，向本所和公司董事会提交有关最新资料。

3.1.4 董事、监事和高级管理人员应当履行以下职责，并在《董事（监事、高级管理人员）声明及承诺书》中作出承诺：

（一）遵守并促使本公司遵守法律、行政法规、部门规章，履行忠实义务和勤勉义务；
（二）遵守并促使本公司遵守本规则和本所其他规定，接受本所监管；
（三）遵守并促使本公司遵守《公司章程》；
（四）本所认为应当履行的其他职责和应当作出的其他承诺。

监事还应当承诺监督董事和高级管理人员遵守其承诺。

高级管理人员还应当承诺及时向董事会报告公司经营或者财务等方面出现的，可能对公司股票及其衍生品种交易价格产生较大影响的事项。

3.1.5 董事应当履行的忠实义务和勤勉义务包括以下内容：

（一）原则上应当亲自出席董事会会议，以合理的谨慎态度勤勉行事，并对所议事项发表明确意见；因故不能亲自出席董事会会议的，应当审慎地选择受托人；
（二）认真阅读公司各项商务、财务报告和公共传媒有关公司的重大报道，及时了解并持续关注公司业务经营管理状况和公司已经发生的或者可能发生的重大事件及其影响，及时向董事会报告公司经营活动中存在的问题，不得以不直接从事经营管理或者不知悉有关问题和情况为由推卸责任；
（三）《公司法》第一百四十八条、一百四十九条规定的和社会公认的其他忠实义务和勤勉义务。

3.1.6 董事、监事和高级管理人员自公司股票上市交易之日起一年内和离职后半年内，不得转让其持有的本公司股份；在任职期间，每年转让的股份不得超过其持有的本公司股份总数的百分之二十五，并且在卖出后六个月内不得再行买入本公司股份，买入后六个月内不得再行卖出本公司股份。

董事、监事和高级管理人员应当根据前款和公司章程关于转让其所持本公司股份的限制性规定，向本所申请在相应期间锁定其持有的全部或者部分本公司股份。

董事、监事和高级管理人员所持本公司股份发生变动的（因公司派发股票股利和资本公积金转增股本导致的变动除外），应当及时向公司报告并由公司在本所网站进行公告。

3.1.7 上市公司在发布召开关于选举独立董事的股东大会通知时，应当将独立董事候选人的有关材料（包括但不限于提名人声明、候选人声明、独立董事履历表）报送本所。

公司董事会对独立董事候选人的有关情况有异议的，应当同时向本所报送董事会的书面意见。

3.1.8 本所在收到前条所述材料后五个交易日内，对独立董事候选人的任职资格和独立性进行审核。对于本所提出异议的独立董事候选人，公司不得将其提交股东大会选举为独立董事，但可以作为董事候选人。

公司召开股东大会选举独立董事时，董事会应当对独立董事候选人是否被本所提出异议的情况作出说明。

第二节  董事会秘书

3.2.1 上市公司应当聘任董事会秘书，作为公司与本所之间的指定联络人。

董事会秘书应当保证本所可以随时与其取得工作联系。

3.2.2 董事会秘书应当对公司和董事会负责，履行如下职责：

（一）负责公司和相关当事人与本所及其他证券监管机构之间的沟通和联络；
（二）负责处理公司信息披露事务，督促公司制定并执行信息披露管理制度和重大信息的内部报告制度，促使公司和相关当事人依法履行信息披露义务，并按照有关规定向本所办理定期报告和临时报告的披露工作；
（三）协调公司与投资者之间的关系，接待投资者来访，回答投资者咨询，向投资者提供公司信息披露资料；
（四）按照法定程序筹备股东大会和董事会会议，准备和提交有关会议文件和资料；
（五）参加董事会会议，制作会议记录并签字；
（六）负责与公司信息披露有关的保密工作，制订保密措施，促使董事、监事和其他高级管理人员以及相关知情人员在信息披露前保守秘密，并在内幕信息泄露时及时采取补救措施，同时向本所报告；
（七）负责保管公司股东名册、董事和监事及高级管理人员名册、控股股东及董事、监事和高级管理人员持有本公司股票的资料，以及股东大会、董事会会议文件和会议记录等；
（八）协助董事、监事和其他高级管理人员了解信息披露相关法律、行政法规、部门规章、本规则、本所其他规定和公司章程，以及上市协议中关于其法律责任的内容；
（九）促使董事会依法行使职权；在董事会拟作出的决议违反法律、行政法规、部门规章、本规则、本所其他规定或者公司章程时，应当提醒与会董事，并提请列席会议的监事就此发表意见；如果董事会坚持作出上述决议，董事会秘书应将有关监事和其个人的意见记载于会议记录，同时向本所报告；
（十）《公司法》和本所要求履行的其他职责。

3.2.3 上市公司应当为董事会秘书履行职责提供便利条件，董事、监事、其他高级管理人员和相关工作人员应当支持、配合董事会秘书的工作。

董事会秘书为履行职责，有权了解公司的财务和经营情况，参加涉及信息披露的有关会议，查阅涉及信息披露的所有文件，并要求公司有关部门和人员及时提供相关资料和信息。

董事会秘书在履行职责的过程中受到不当妨碍和严重阻挠时，可以直接向本所报告。

3.2.4 董事会秘书应当具备履行职责所必需的财务、管理、法律等专业知识，具有良好的职业道德和个人品质，并取得本所颁发的董事会秘书培训合格证书。具有下列情形之一的人士不得担任董事会秘书：

（一）《公司法》第一百四十七条规定的任何一种情形；
（二）最近三年受到过中国证监会的行政处罚；
（三）最近三年受到过证券交易所公开谴责或者三次以上通报批评；
（四）本公司现任监事；
（五）本所认定不适合担任董事会秘书的其他情形。

3.2.5 上市公司应当在首次公开发行的股票上市后三个月内，或者原任董事会秘书离职后三个月内聘任董事会秘书。

3.2.6 上市公司应当在聘任董事会秘书的董事会会议召开五个交易日之前，向本所报送下述资料：

（一）董事会推荐书，包括被推荐人（候选人）符合本规则规定的董事会秘书任职资格的说明、现任职务和工作表现等内容；
（二）候选人的个人简历和学历证明复印件；
（三）候选人取得的本所颁发的董事会秘书培训合格证书复印件。

本所对董事会秘书候选人任职资格未提出异议的，公司可以召开董事会会议，聘任董事会秘书。

3.2.7 上市公司应当聘任证券事务代表协助董事会秘书履行职责。董事会秘书不能履行职责时，证券事务代表应当代为履行其职责并行使相应权力。在此期间，并不当然免除董事会秘书对公司信息披露事务所负有的责任。

证券事务代表应当取得本所颁发的董事会秘书培训合格证书。

3.2.8 上市公司聘任董事会秘书和证券事务代表后，应当及时公告并向本所提交下述资料：

（一）董事会秘书、证券事务代表聘任书或者相关董事会决议；
（二）董事会秘书、证券事务代表的通讯方式，包括办公电话、住宅电话、移动电话、传真、通信地址及专用电子邮件信箱地址等；
（三）董事长的通讯方式，包括办公电话、移动电话、传真、通信地址及专用电子邮件信箱地址等。

上述通讯方式发生变更时，公司应当及时向本所提交变更后的资料。

3.2.9 上市公司解聘董事会秘书应当有充分的理由，不得无故将其解聘。

董事会秘书被解聘或者辞职时，公司应当及时向本所报告，说明原因并公告。

董事会秘书有权就被公司不当解聘或者与辞职有关的情况，向本所提交个人陈述报告。

3.2.10 本所根据本规则第17.4条建议上市公司更换董事会秘书，或者董事会秘书具有下列情形之一的,上市公司应当自相关事实发生之日起一个月内将其解聘:

（一）第3.2.4条规定的任何一种情形；
（二）连续三个月以上不能履行职责；
（三）在履行职责时出现重大错误或者疏漏，给投资者造成重大损失；
（四）违反法律、行政法规、部门规章、本规则、本所其他规定和公司章程，给投资者造成重大损失。

3.2.11 上市公司在聘任董事会秘书时，应当与其签订保密协议，要求董事会秘书承诺在任职期间以及离任后持续履行保密义务直至有关信息披露为止，但涉及公司违法违规行为的信息除外。

董事会秘书离任前,应当接受董事会和监事会的离任审查, 在监事会的监督下移交有关档案文件、正在办理的事项以及其他待办理事项。

3.2.12 董事会秘书空缺期间，上市公司应当及时指定一名董事或者高级管理人员代行董事会秘书的职责，并报本所备案，同时尽快确定董事会秘书的人选。公司指定代行董事会秘书职责的人员之前，由董事长代行董事会秘书职责。

董事会秘书空缺时间超过三个月的，董事长应当代行董事会秘书职责，直至公司聘任新的董事会秘书。

3.2.13 上市公司应当保证董事会秘书在任职期间按要求参加本所组织的董事会秘书后续培训。

3.2.14 本所接受董事会秘书、第3.2.12条规定的代行董事会秘书职责的人员或者证券事务代表以上市公司名义办理的信息披露与股权管理事务。

第四章  保荐机构

4.1 本所实行股票和可转换为股票的公司债券（以下简称“可转换公司债券”）的上市保荐制度。发行人向本所申请其首次公开发行的股票、上市后发行的新股和可转换公司债券在本所上市，以及公司股票被暂停上市后申请恢复上市的，应当由保荐机构保荐。

保荐机构应当为经中国证监会注册登记并列入保荐机构名单，同时具有本所会员资格的证券经营机构；恢复上市保荐机构还应当具有中国证券业协会《证券公司从事代办股份转让主办券商业务资格管理办法（试行）》中规定的从事代办股份转让主办券商业务资格。

4.2 保荐机构应当与发行人签订保荐协议，明确双方在发行人申请上市期间、申请恢复上市期间和持续督导期间的权利和义务。保荐协议应当约定保荐机构审阅发行人信息披露文件的时点。

首次公开发行股票的，持续督导的期间为股票上市当年剩余时间及其后两个完整会计年度；发行新股、可转换公司债券的，持续督导的期间为股票或者可转换公司债券上市当年剩余时间及其后一个完整会计年度；申请恢复上市的，持续督导期间为股票恢复上市当年剩余时间及其后一个完整会计年度。持续督导的期间自股票或者可转换公司债券上市之日起计算。

4.3 保荐机构应当在签订保荐协议时指定两名保荐代表人具体负责保荐工作，并作为保荐机构与本所之间的指定联络人。

保荐代表人应当为经中国证监会注册登记并列入保荐代表人名单的自然人。

4.4 保荐机构保荐股票或者可转换公司债券上市（股票恢复上市除外）时，应当向本所提交上市保荐书、保荐协议、保荐机构和相关保荐代表人已经中国证监会注册登记并列入保荐机构和保荐代表人名单的证明文件、保荐机构向保荐代表人出具的由董事长或者总经理签名的授权书，以及与上市保荐工作有关的其他文件。

保荐机构保荐股票恢复上市时应当提交的文件及其内容，按照本规则第十四章第二节的有关规定执行。

4.5 前条所述上市保荐书应当包括以下内容：

（一）发行股票、可转换公司债券的公司概况；
（二）申请上市的股票、可转换公司债券的发行情况；
（三）保荐机构是否存在可能影响其公正履行保荐职责的情形的说明；
（四）保荐机构按照有关规定应当承诺的事项；
（五）对公司持续督导工作的安排；
（六）保荐机构和相关保荐代表人的联系地址、电话和其他通讯方式；
（七）保荐机构认为应当说明的其他事项；
（八）本所要求的其他内容。

上市保荐书应当由保荐机构的法定代表人（或者授权代表）和相关保荐代表人签字，注明日期并加盖保荐机构公章。

4.6 保荐机构应当督导发行人按照本规则的规定履行信息披露及其他相关义务，督导发行人及其董事、监事和高级管理人员遵守本规则并履行向本所作出的承诺，审阅发行人信息披露文件和向本所提交的其他文件，并保证向本所提交的与保荐工作相关的文件真实、准确、完整。

4.7 保荐机构应当在发行人向本所报送信息披露文件及其他文件之前，或者履行信息披露义务后五个交易日内，完成对有关文件的审阅工作，督促发行人及时更正审阅中发现的问题，并向本所报告。

4.8 保荐机构履行保荐职责发表的意见应当及时告知发行人，记录于保荐工作档案。

发行人应当配合保荐机构和保荐代表人的工作。

4.9 保荐机构在履行保荐职责期间有充分理由确信发行人可能存在违反本规则规定的行为的，应当督促发行人作出说明并限期纠正；情节严重的，应当向本所报告。

保荐机构按照有关规定对发行人违法违规事项公开发表声明的，应当于披露前向本所报告，经本所审核后在指定媒体上公告。本所对上述公告进行形式审核，对其内容的真实性不承担责任。

4.10 保荐机构有充分理由确信中介机构及其签名人员按本规则规定出具的专业意见可能存在虚假记载、误导性陈述或重大遗漏等违法违规情形或者其他不当情形的，应当及时发表意见；情节严重的，应当向本所报告。

4.11 保荐机构更换保荐代表人的，应当通知发行人，并在五个交易日内向本所报告，说明原因并提供新更换的保荐代表人的相关资料。发行人应当在收到通知后及时披露保荐代表人变更事宜。

4.12保荐机构和发行人终止保荐协议的，应当自终止之日起五个交易日内向本所报告，说明原因并由发行人发布公告。

发行人另行聘请保荐机构的，应当及时向本所报告并公告。新聘请的保荐机构应当及时向本所提交第4.4条规定的有关文件。

4.13 保荐机构应当自持续督导工作结束后十个交易日内向本所报送保荐总结报告书。

4.14 保荐机构、相关保荐代表人和保荐工作其他参与人员不得利用从事保荐工作期间获得的发行人尚未披露的信息进行内幕交易，为自己或者他人谋取利益。

第五章  股票和可转换公司债券上市

第一节  首次公开发行股票并上市

5.1.1 发行人首次公开发行股票后申请其股票在本所上市，应当符合下列条件：

（一）股票经中国证监会核准已公开发行；
（二）公司股本总额不少于人民币五千万元；
（三）公开发行的股份达到公司股份总数的百分之二十五以上；公司股本总额超过人民币四亿元的，公开发行股份的比例为百分之十以上；
（四）公司最近三年无重大违法行为，财务会计报告无虚假记载；
（五）本所要求的其他条件。

5.1.2 发行人首次公开发行股票的申请获得中国证监会核准后，可以向本所提出股票上市申请。发行人向本所申请其股票上市，应当提交下列文件：

（一）上市报告书（申请书）；
（二）中国证监会核准其股票首次公开发行的文件；
（三）申请股票上市的董事会和股东大会决议；
（四）营业执照复印件；
（五）公司章程；
（六）依法经具有执行证券、期货相关业务资格的会计师事务所审计的发行人最近三年的财务会计报告；
（七）首次公开发行结束后发行人全部股票已经中国证券登记结算有限责任公司上海分公司（以下简称“登记公司”）托管的证明文件；
（八）首次公开发行结束后具有执行证券、期货相关业务资格的会计师事务所出具的验资报告；
（九）关于董事、监事和高级管理人员持有本公司股份的情况说明和《董事（监事、高级管理人员）声明及承诺书》；
（十）发行人拟聘任或者已聘任的董事会秘书的有关资料；
（十一）首次公开发行后至上市前按规定新增的财务资料和有关重大事项的说明（如适用）；
（十二）首次公开发行前已发行股份持有人自发行人股票上市之日起一年内持股锁定证明；
（十三）第5.1.4条所述承诺函；
（十四）最近一次的招股说明书和经中国证监会审核的全套发行申报材料；
（十五）按照有关规定编制的上市公告书；
（十六）保荐协议和保荐机构出具的上市保荐书；
（十七）律师事务所出具的法律意见书；
（十八）本所要求的其他文件。

5.1.3 发行人及其董事、监事、高级管理人员应当保证向本所提交的上市申请文件内容的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏。

5.1.4 发行人向本所申请其股票上市时，控股股东和实际控制人应当承诺：自发行人股票上市之日起三十六个月内，不转让或者委托他人管理其已直接和间接持有的发行人股份，也不由发行人收购该部分股份；发行人在刊登招股说明书之前十二个月内进行增资扩股的，新增股份的持有人应当承诺：自发行人完成增资扩股工商变更登记手续之日起三十六个月内，不转让其持有的该部分新增股份。

发行人应当在上市公告书中披露上述承诺。

5.1.5 本所在收到发行人提交的第5.1.2条所列全部上市申请文件后七个交易日内，作出是否同意上市的决定并通知发行人。出现特殊情况时，本所可以暂缓作出是否同意上市的决定。

5.1.6 本所设立上市委员会对上市申请进行审议，作出独立的专业判断并形成审核意见。本所根据上市审核委员会的审核意见，作出是否同意上市的决定。

第5.1.1条所列第（一）至第（四）项条件为在本所上市的必备条件，本所并不保证发行人符合上述条件时，其上市申请一定能够获得本所同意。

5.1.7 发行人应当于其股票上市前五个交易日内，在指定媒体上披露下列文件和事项：

（一）上市公告书；
（二）公司章程；
（三）申请股票上市的股东大会决议；
（四）上市保荐书；
（五）法律意见书；
（六）本所要求的其他文件和事项。

上述文件应当备置于公司住所，供公众查阅。

发行人在提出上市申请期间，未经本所同意，不得擅自披露与上市有关的信息。

第二节  上市公司新股和可转换公司债券的上市

5.2.1 上市公司向本所申请安排新股和可转换公司债券发行事宜时，应当提交下列文件：

（一）中国证监会的核准文件；
（二）经中国证监会审核的全部发行申报材料；
（三）发行的预计时间安排；
（四）发行具体实施方案和发行公告；
（五）相关招股意见向书或者募集说明书；
（六）本所要求的其他文件。

5.2.2 上市公司应当按照中国证监会有关规定，编制并披露涉及新股和可转换公司债券发行的相关公告。

5.2.3 发行结束后，上市公司可以向本所申请新股和可转换公司债券上市。

5.2.4 上市公司申请可转换公司债券在本所上市，应当符合下列条件：

（一）可转换公司债券的期限为一年以上；
（二）可转换公司债券实际发行额不少于人民币五千万元；
（三）申请上市时仍符合法定的可转换公司债券发行条件。

5.2.5 上市公司向本所申请新股和可转换公司债券上市，应当提交下列文件：

（一）上市报告书（申请书）；
（二）申请上市的董事会和股东大会决议；
（三）按照有关规定编制的上市公告书
（四）保荐协议和保荐机构出具的上市保荐书；
（五）发行结束后经具有执行证券、期货相关业务资格的会计师事务所出具的验资报告；
（六）登记公司对新增股份和可转换公司债券登记托管的书面确认文件；
（七）董事、监事和高级管理人员持股情况变动的报告（适用于新股上市）；
（八）股份变动报告书（适用于新股上市）；
（九）本所要求的其他文件。

5.2.6 上市公司应当在新股和可转换公司债券上市前五个交易日内，在指定媒体上披露下列文件和事项：

（一）上市公告书；
（二）股份变动报告（适用于新股上市）；
（三）本所要求的其他文件和事项。

第三节  有限制条件的股份上市交易

5.3.1 上市公司向本所申请其内部职工股上市时，应当提交下列文件：

（一）上市申请书；
（二）中国证监会关于内部职工股上市时间的批文；
（三）有关内部职工股持股情况的说明及其托管证明；
（四）董事、监事和高级管理人员持有内部职工股有关情况的说明；
（五）内部职工股上市提示公告；
（六）本所要求的其他文件。

5.3.2 经本所同意后，上市公司应当在内部职工股上市前三个交易日内披露上市提示公告。上市提示公告应当包括以下内容:

（一）上市日期、本次上市的股份数量以及董事、监事和高级管理人员持有的数量；
（二）发行价格；
（三）历次股份变动情况；
（四）持有内部职工股的人数。

5.3.3 上市公司有关股东以及（原）董事、监事和高级管理人员向本所申请对所持本公司股份解除锁定时,应当提交下列文件:

（一）持股解锁申请；
（二）全部或者部分解除锁定的理由和相关证明文件（如适用）；
（三）上市交易提示公告；
（四）本所要求的其他文件。

5.3.4 上市公司申请向证券投资基金、法人、战略投资者配售的股份上市交易，应当向本所提交下列文件：

（一）上市交易申请书；
（二）配售结果的公告；
（三）配售股份的托管证明；
（四）关于向证券投资基金、法人、战略投资者配售股份的说明；
（五）上市交易提示公告；
（六）本所要求的其他文件。

5.3.5 经本所同意后，上市公司应当在配售的股份上市交易前三个交易日内披露上市交易提示公告。上市交易提示公告应当包括以下内容：

（一）配售股份的上市交易时间；
（二）配售股份的上市交易数量；
（三）配售股份的发行价格；
（四）公司历次股份变动情况。

5.3.6 申请股权分置改革后有限售条件的股份上市交易，应当由上市公司向本所提交下列文件：

（一）上市交易申请书；
（二）有限售条件的股份持有人持股情况及股份托管情况说明；
（三）有限售条件的股份持有人所作出的限售承诺及其履行情况说明；
（四）关于限售条件已解除的证明文件；
（五）上市交易提示公告；
（六）本所要求的其他文件。

5.3.7 经本所同意后，上市公司应当在股权分置改革后有限售条件的股份上市交易前三个交易日内披露上市交易提示公告。上市交易提示公告应当包括以下内容：

（一）有关股份上市交易时间和数量；
（二）有关股东所作出的限售承诺及其履行情况；
（三）本所要求的其他内容。

5.3.8 其他股份经本所同意需上市交易的，参照本章相关规定执行。

第六章  定期报告

6.1 上市公司定期报告包括年度报告、中期报告和季度报告。

公司应当在法律、行政法规、部门规章以及本规则规定的期限内编制完成并披露定期报告。其中，年度报告应当在每个会计年度结束之日起四个月内，中期报告应当在每个会计年度的上半年结束之日起两个月内，季度报告应当在每个会计年度前三个月、九个月结束后的一个月内编制完成并披露。第一季度季度报告的披露时间不得早于上一年度年度报告的披露时间。

公司预计不能在规定期限内披露定期报告的，应当及时向本所报告，并公告不能按期披露的原因、解决方案以及延期披露的最后期限。

6.2 上市公司应当与本所约定定期报告的披露时间，本所根据均衡披露原则统筹安排各公司定期报告的披露顺序。

公司应当按照本所安排的时间办理定期报告披露事宜。因故需要变更披露时间的,应当提前五个交易日向本所提出书面申请,说明变更的理由和变更后的披露时间，本所视情形决定是否予以调整。本所原则上只接受一次变更申请。

6.3 上市公司应当按照中国证监会和本所的有关规定编制并披露定期报告。

定期报告的全文和摘要（正文）应当根据本所要求，分别在有关指定媒体上披露。

6.4 上市公司董事、高级管理人员应当对定期报告签署书面确认意见；监事会应当对董事会编制的定期报告进行审核，以监事会决议的形式提出书面审核意见。

6.5 上市公司年度报告中的财务会计报告应当经具有执行证券、期货相关业务资格的会计师事务所审计。中期报告中的财务会计报告可以不经审计，但公司有下列情形之一的，应当审计：

（一）拟在下半年进行利润分配、以公积金转增股本或者弥补亏损的；
（二）拟在下半年提出发行新股或者可转换公司债券等再融资申请，根据有关规定需要进行审计的；
（三）中国证监会或者本所认为应当进行审计的其他情形。

季度报告中的财务资料无须审计，但中国证监会和本所另有规定的除外。

6.6 上市公司应当在董事会审议通过定期报告后，及时向本所报送并提交下列文件：

（一）年度报告全文及摘要（中期报告全文及摘要、季度报告全文及正文）；
（二）审计报告原件（如适用）；
（三）董事会和监事会决议及其公告文稿；
（四）按本所要求制作的载有定期报告和财务数据的电子文件；
（五）停牌申请（如适用）；
（六）本所要求的其他文件。

6.7 定期报告披露前出现业绩提前泄漏，或者因业绩传闻导致公司股票及其衍生品种交易异常波动的，上市公司应当及时披露本报告期相关财务数据（无论是否已经审计），包括主营业务收入、主营业务利润、利润总额、净利润、总资产和净资产等。

6.8 按照《公开发行证券的公司信息披露编报规则第14号――非标准无保留审计意见及其涉及事项的处理》的规定，上市公司财务会计报告被会计师事务所出具非标准无保留审计意见的，公司在报送定期报告的同时，应当向本所提交下列文件：

（一）董事会针对该审计意见涉及事项所做的专项说明，审议此专项说明的董事会决议和决议所依据的材料；
（二）独立董事对审计意见涉及事项所发表的意见；
（三）监事会对董事会专项说明的意见和相关决议；
（四）负责审计的会计师事务所和注册会计师出具的专项说明；
（五）中国证监会和本所要求的其他文件。

6.9 负责审计的会计师事务所和注册会计师按照前条规定出具的专项说明应当至少包括以下内容：

（一）出具非标准无保留审计意见的理由和依据；
（二）非标准无保留审计意见涉及事项对报告期内公司财务状况和经营成果的具体影响，若扣除受影响的金额后导致公司盈亏性质发生变化的，应当明确说明；
（三）非标准无保留审计意见涉及事项是否属于明显违反会计准则、制度及相关信息披露规范规定的情形。

6.10 第6.8条所述非标准无保留审计意见涉及事项不属于明显违反会计准则、制度及相关信息披露规范规定的，上市公司董事会应当根据《公开发行证券的公司信息披露编报规则第14号――非标准无保留审计意见及其涉及事项的处理》的规定，在相关定期报告中对该审计意见涉及事项作出详细说明。

6.11 第6.8条所述非标准无保留审计意见涉及事项属于明显违反会计准则、制度及相关信息披露规范规定的，上市公司应当对该事项进行纠正和重新审计，并在本所规定的期限内披露经纠正的财务会计报告和有关审计报告。

公司未在本所规定的期限内披露经纠正的财务会计报告和有关审计报告的，本所将报中国证监会调查处理。

公司对上述事项进行纠正期间不计入本所作出有关决定的期限之内。

6.12 上市公司应当认真对待本所对其定期报告的事后审核意见，及时回复本所的问询，并按要求对定期报告有关内容作出解释和说明。如需披露更正或者补充公告并修改定期报告的，公司应当在履行相应程序后公告，并在本所网站上披露修改后的定期报告全文。

6.13 发行可转换公司债券的上市公司，其年度报告和中期报告还应当包括以下内容：

（一）转股价格历次调整的情况，经调整后的最新转股价格；
（二）可转换公司债券发行后累计转股的情况；
（三）前十名可转换公司债券持有人的名单和持有量；
（四）担保人盈利能力、资产状况和信用状况发生重大变化的情况；
（五）公司的负债情况、资信变化情况以及在未来年度还债的现金安排；
（六）中国证监会和本所规定的其他内容。

第七章  临时报告的一般规定

7.1 上市公司披露的除定期报告之外的其他公告为临时报告。

临时报告的内容涉及本规则第八章、第九章、第十章和第十一章所述重大事项的，其披露要求和相关审议程序在满足本章规定的同时，还应当符合以上各章的规定。

临时报告应当由董事会发布并加盖公司或者董事会公章（监事会决议公告可以加盖监事会公章）。

7.2 上市公司应当及时向本所报送并披露临时报告。临时报告涉及的相关备查文件应当同时在本所网站上披露。

7.3 上市公司应当在以下任一时点最先发生时，及时披露可能对本公司股票及其衍生品种交易价格产生较大影响的重大事项（以下简称“重大事项”）：

（一）董事会或者监事会就该重大事项形成决议时；
（二）有关各方就该重大事项签署意向书或者协议（无论是否附加条件或期限）时；
（三）任何董事、监事或者高级管理人员知道或应当知道该重大事项时。

7.4 重大事项尚处于筹划阶段，但在前条第（一）、（二）项所述有关时点发生之前出现下列情形之一的，上市公司应当及时披露相关筹划情况和既有事实：

（一）该重大事项难以保密；
（二）该重大事项已经泄露或者市场出现传闻；
（三）公司股票及其衍生品种的交易发生异常波动。

7.5 上市公司根据第7.3条、第7.4条的规定披露临时报告后，还应当按照下述规定持续披露重大事项的进展情况：

（一）董事会、监事会或者股东大会就该重大事项形成决议的，及时披露决议情况；
（二）公司就该重大事项与有关当事人签署意向书或者协议的，及时披露意向书或者协议的主要内容；上述意向书或者协议的内容或履行情况发生重大变化或者被解除、终止的，及时披露发生重大变化或者被解除、终止的情况和原因；
（三）该重大事项获得有关部门批准或者被否决的，及时披露批准或者否决的情况；
（四）该重大事项出现逾期付款情形的，及时披露逾期付款的原因和付款安排；
（五）该重大事项涉及的主要标的物尚未交付或者过户的，及时披露交付或者过户情况；超过约定交付或者过户期限三个月仍未完成交付或者过户的，及时披露未如期完成的原因、进展情况和预计完成的时间，并每隔三十日公告一次进展情况，直至完成交付或者过户；
（六）该重大事项发生可能对公司股票及其衍生品种交易价格产生较大影响的其他进展或者变化的，及时披露进展或者变化情况。

7.6 上市公司根据第7.3条或者第7.4条在规定时间内报送的临时报告不符合本规则有关要求的，可以先披露提示性公告，解释未能按要求披露的原因，并承诺在两个交易日内披露符合要求的公告。

7.7 上市公司控股子公司发生的本规则第九章、第十章和第十一章所述重大事项，视同上市公司发生的重大事项，由上市公司根据前述各章的规定履行信息披露义务。

上市公司参股公司发生本规则第九章和第十一章所述重大事项，或者与上市公司的关联人进行第10.1.1条提及的各类交易，可能对上市公司股票及其衍生品种交易价格产生较大影响的，上市公司应当参照上述各章的规定，履行信息披露义务。

第八章  董事会、监事会和股东大会决议

第一节  董事会和监事会决议

8.1.1 上市公司召开董事会会议，应当在会议结束后及时将董事会决议（包括所有提案均被否决的董事会决议）报送本所。董事会决议应当经与会董事签字确认。

本所要求提供董事会会议记录的，公司应当按要求提供。

8.1.2 董事会决议涉及须经股东大会表决的事项，或者本规则第六章、第九章、第十章和第十一章所述重大事项的，上市公司应当及时披露；涉及其他事项的董事会决议，本所认为有必要的，公司也应当及时披露。

8.1.3 董事会决议涉及的本规则第六章、第九章、第十章和第十一章所述重大事项，需要按照中国证监会有关规定或者本所制定的公告格式指引进行公告的，上市公司应当分别披露董事会决议公告和相关重大事项公告。

8.1.4 董事会决议公告应当包括以下内容：

（一）会议通知发出的时间和方式；
（二）会议召开的时间、地点、方式，以及是否符合有关法律、行政法规、部门规章和公司章程的说明；
（三）委托他人出席和缺席的董事人数、姓名、缺席理由和受托董事姓名；
（四）每项提案获得的同意、反对和弃权的票数，以及有关董事反对或者弃权的理由；
（五）涉及关联交易的，说明应当回避表决的董事姓名、理由和回避情况；
（六）需要独立董事事前认可或者独立发表意见的，说明事前认可情况或者所发表的意见；
（七）审议事项的具体内容和会议形成的决议。

8.1.5 上市公司召开监事会会议，应当在会议结束后及时将监事会决议报送本所，经本所登记后披露监事会决议公告。

监事会决议应当经与会监事签字确认。监事应当保证监事会决议公告的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。

8.1.6 监事会决议公告应当包括以下内容：

（一）会议召开的时间、地点、方式，以及是否符合有关法律、行政法规、部门规章和公司章程的说明；
（二）委托他人出席和缺席的监事人数、姓名、缺席的理由和受托监事姓名；
（三）每项提案获得的同意、反对和弃权的票数，以及有关监事反对或者弃权的理由；
（四）审议事项的具体内容和会议形成的决议。

第二节  股东大会决议

8.2.1 召集人应当在年度股东大会召开二十日之前，或者临时股东大会召开十五日之前，以公告方式向股东发出股东大会通知。

股东大会通知中应当列明会议召开的时间、地点、方式，以及会议召集人和股权登记日等事项，并充分、完整地披露所有提案的具体内容。召集人还应当同时在本所网站上披露有助于股东对拟讨论的事项作出合理判断所必需的其他资料。

8.2.2 召集人应当在股东大会结束后，及时将股东大会决议公告文稿、股东大会决议和法律意见书报送本所，经本所同意后披露股东大会决议公告。

本所要求提供股东大会会议记录的，召集人应当按要求提供。

8.2.3 发出股东大会通知后，无正当理由，股东大会不得延期或者取消，股东大会通知中列明的提案不得取消。一旦出现延期或者取消的情形，召集人应当在原定召开日前至少二个交易日发布通知，说明延期或者取消的具体原因。延期召开股东大会的，还应当在通知中说明延期后的召开日期。

8.2.4 股东大会召开前股东提出临时提案的，召集人应当在规定时间内发布股东大会补充通知，披露提出临时提案的股东姓名或名称、持股比例和临时提案的内容。

8.2.5 股东自行召集股东大会的，应当书面通知董事会并向本所备案。

在股东大会决议公告前，召集股东持股比例不得低于百分之十，召集股东应当在发布股东大会通知前向本所申请在上述期间锁定其持有的全部或者部分股份。

8.2.6 股东大会会议期间发生突发事件导致会议不能正常召开的，召集人应当立即向本所报告，说明原因并披露相关情况。

8.2.7 股东大会决议公告应当包括以下内容：

（一）会议召开的时间、地点、方式、召集人和主持人，以及是否符合有关法律、行政法规、部门规章和公司章程的说明；
（二）出席会议的股东（代理人）人数、所持（代理）股份及其占上市公司有表决权股份总数的比例；未完成股权分置改革的上市公司还应当披露流通股股东和非流通股股东出席会议的情况；
（三）每项提案的表决方式、表决结果；未完成股权分置改革的上市公司还应当披露分别统计的流通股股东及非流通股股东表决情况；涉及股东提案的，应当列明提案股东的姓名或者名称、持股比例和提案内容；涉及关联交易事项的，应当说明关联股东回避表决的情况；未完成股权分置改革的上市公司涉及需要流通股股东单独表决的提案，应当专门作出说明；
发行境内上市外资股的上市公司，还应当说明发出股东大会通知的情况、内资股股东和外资股股东分别出席会议及表决情况；
（四）法律意见书的结论性意见。若股东大会出现否决提案的，应当披露法律意见书全文。

8.2.8 在股东大会上向股东通报的未曾披露的重大事项，应当与股东大会决议公告同时披露。

第九章应当披露的交易

9.1 本章所称“交易”包括下列事项：

（一）购买或者出售资产；
（二）对外投资（含委托理财、委托贷款等）；
（三）提供财务资助；
（四）提供担保；
（五）租入或者租出资产；
（六）委托或者受托管理资产和业务；
（七）赠与或者受赠资产；
（八）债权、债务重组；
（九）签订许可使用协议；
（十）转让或者受让研究与开发项目；
（十一）本所认定的其他交易。

上述购买或者出售资产，不包括购买原材料、燃料和动力，以及出售产品、商品等与日常经营相关的资产购买或者出售行为，但资产置换中涉及到的此类资产购买或者出售行为，仍包括在内。

9.2 上市公司发生的交易(提供担保除外)达到下列标准之一的，应当及时披露：

（一）交易涉及的资产总额（同时存在帐面值和评估值的，以高者为准）占上市公司最近一期经审计总资产的10%以上；
（二）交易的成交金额（包括承担的债务和费用）占上市公司最近一期经审计净资产的10％以上，且绝对金额超过1000万元；
（三）交易产生的利润占上市公司最近一个会计年度经审计净利润的10％以上，且绝对金额超过100万元；
（四）交易标的（如股权）在最近一个会计年度相关的主营业务收入占上市公司最近一个会计年度经审计主营业务收入的10％以上，且绝对金额超过1000万元；
（五）交易标的（如股权）在最近一个会计年度相关的净利润占上市公司最近一个会计年度经审计净利润的10％以上，且绝对金额超过100万元。
上述指标涉及的数据如为负值，取其绝对值计算。

9.3 上市公司发生的交易（提供担保、受赠现金资产除外）达到下列标准之一的，除应当及时披露外，还应当提交股东大会审议：

（一）交易涉及的资产总额（同时存在帐面值和评估值的，以高者为准）占上市公司最近一期经审计总资产的50%以上；
（二）交易的成交金额（包括承担的债务和费用）占上市公司最近一期经审计净资产的50％以上，且绝对金额超过5000万元；
（三）交易产生的利润占上市公司最近一个会计年度经审计净利润的50％以上，且绝对金额超过500万元；
（四）交易标的（如股权）在最近一个会计年度相关的主营业务收入占上市公司最近一个会计年度经审计主营业务收入的50％以上，且绝对金额超过5000万元；
（五）交易标的（如股权）在最近一个会计年度相关的净利润占上市公司最近一个会计年度经审计净利润的50％以上，且绝对金额超过500万元。

上述指标涉及的数据如为负值，取绝对值计算。

9.4 上市公司与同一交易方同时发生第9.1条第（二）项至第（四）项以外各项中方向相反的两个相关交易时，应当按照其中单个方向的交易涉及指标中较高者计算披露标准。

9.5 交易标的为公司股权，且购买或者出售该股权将导致上市公司合并报表范围发生变更的，该股权所对应的公司的资产总额和主营业务收入，视为第9.2条和第9.3条所述交易涉及的资产总额和与交易标的相关的主营业务收入。

9.6 交易仅达到第9.3条第（三）项或者第（五）项标准，且上市公司最近一个会计年度每股收益的绝对值低于0.05元的，公司可以向本所申请豁免适用第9.3条将交易提交股东大会审议的规定。

9.7 交易达到第9.3条规定标准的，若交易标的为公司股权，上市公司应当聘请具有执行证券、期货相关业务资格的会计师事务所，对交易标的最近一年又一期的财务会计报告进行审计，审计截止日距协议签署日不得超过六个月；若交易标的为股权以外的其他非现金资产，公司应当聘请具有执行证券、期货相关业务资格的资产评估事务所进行评估，评估基准日距协议签署日不得超过一年。

交易虽未达到第9.3条规定的标准，但本所认为有必要的，公司也应当按照前款规定，聘请有关会计师事务所或者资产评估事务所进行审计或者评估。

9.8 上市公司对外投资设立公司，根据《公司法》第二十六条或者第八十一条可以分期缴足出资额的，应当以协议约定的全部出资额为标准适用第9.2条或者第9.3条的规定。

9.9 上市公司进行“提供财务资助”和“委托理财”等交易时，应当以发生额作为计算标准，并按照交易类别在连续十二个月内累计计算。经累计计算的发生额达到第9.2条或者第9.3条规定标准的，分别适用第9.2条或者第9.3条的规定。

已经按照第9.2条或者第9.3条履行相关义务的，不再纳入相关的累计计算范围。

9.10 上市公司进行“提供担保”、“提供财务资助”、“委托理财”等之外的其他交易时，应当对相同交易类别下标的相关的各项交易，按照连续十二个月内累计计算的原则，分别适用第9.2条或者第9.3条的规定。已经按照第9.2条或者第9.3条履行相关义务的，不再纳入相关的累计计算范围。

除前款规定外，公司发生“购买或者出售资产”交易，不论交易标的是否相关，若所涉及的资产总额或者成交金额在连续十二个月内经累计计算超过公司最近一期经审计总资产30％的，除应当披露并参照第9.7条进行审计或者评估外，还应当提交股东大会审议，并经出席会议的股东所持表决权的三分之二以上通过。

9.11 上市公司发生“提供担保”交易事项，应当提交董事会或者股东大会进行审议，并及时披露。

下述担保事项应当在董事会审议通过后提交股东大会审议：

（一）单笔担保额超过公司最近一期经审计净资产10％的担保；
（二）公司及其控股子公司的对外担保总额，超过公司最近一期经审计净资产50％以后提供的任何担保；
（三）为资产负债率超过70％的担保对象提供的担保；
（四）按照担保金额连续十二个月内累计计算原则，超过公司最近一期经审计总资产30％的担保。

对于董事会权限范围内的担保事项，除应当经全体董事的过半数通过外，还应当经出席董事会会议的三分之二以上董事同意；前款第（四）项担保，应当经出席会议的股东所持表决权的三分之二以上通过。

9.12 上市公司披露交易事项，应当向本所提交下列文件：

（一）公告文稿；
（二）与交易有关的协议或者意向书；
（三）董事会决议、决议公告文稿和独立董事的意见（如适用）；
（四）交易涉及到的政府批文（如适用）；
（五）中介机构出具的专业报告（如适用）；
（六）本所要求的其他文件。

9.13 上市公司应当根据交易类型，披露下述所有适用其交易的有关内容：

（一）交易概述和交易各方是否存在关联关系的说明；对于按照累计计算原则达到披露标准的交易，还应当简单介绍各单项交易和累计情况；
（二）交易对方的基本情况；
（三）交易标的的基本情况，包括标的的名称、帐面值、评估值、运营情况、有关资产上是否存在抵押、质押或者其他第三人权利、是否存在涉及有关资产的重大争议、诉讼或仲裁事项或者查封、冻结等司法措施；
交易标的为股权的，还应当说明该股权对应的公司的基本情况和最近一年又一期的资产总额、负债总额、净资产、主营业务收入和净利润等财务数据；
出售控股子公司股权导致上市公司合并报表范围变更的，还应当说明上市公司是否存在为该子公司提供担保、委托该子公司理财，以及该子公司占用上市公司资金等方面的情况；如存在，应当披露前述事项涉及的金额、对上市公司的影响和解决措施；
（四）交易标的的交付状态、交付和过户时间；
（五）交易协议其他方面的主要内容，包括成交金额、支付方式（现金、股权、资产置换等）、支付期限或者分期付款的安排、协议生效条件和生效时间以及有效期间等；交易协议有任何形式的附加或者保留条款的，应当予以特别说明；
交易需经股东大会或者有权部门批准的，还应当说明需履行的法定程序和进展情况；
（六）交易定价依据，公司支出款项的资金来源；
（七）公司预计从交易中获得的利益（包括潜在利益），交易对公司本期和未来财务状况及经营成果的影响；
（八）关于交易对方履约能力的分析；
（九）交易涉及的人员安置、土地租赁、债务重组等情况；
（十）关于交易完成后可能产生关联交易的情况的说明；
（十一）关于交易完成后可能产生同业竞争的情况及相关应对措施的说明；
（十二）中介机构及其意见；
（十三）本所要求的有助于说明该交易真实情况的其他内容。

9.14 对于担保事项的披露内容，除前条规定外，还应当包括截止披露日上市公司及其控股子公司对外担保总额、上市公司对控股子公司提供担保的总额、上述数额分别占上市公司最近一期经审计净资产的比例。

9.15 对于达到披露标准的担保，如果被担保人于债务到期后十五个交易日内未履行还款义务，或者被担保人出现破产、清算或其他严重影响其还款能力的情形，上市公司应当及时予以披露。

9.16 上市公司与其合并报表范围内的控股子公司发生的或者上述控股子公司之间发生的交易，除中国证监会和本所另有规定外，免于按照本章规定披露和履行相应程序。

第十章  关联交易

第一节  关联交易和关联人

10.1.1 上市公司的关联交易，是指上市公司或者其控股子公司与上市公司关联人之间发生的转移资源或者义务的事项，包括以下交易：

（一）第9.1条规定的交易事项；
（二）购买原材料、燃料、动力；
（三）销售产品、商品；
（四）提供或者接受劳务；
（五）委托或者受托销售；
（六）与关联人共同投资；
（七）其他通过约定可能引致资源或者义务转移的事项。

10.1.2 上市公司的关联人包括关联法人和关联自然人。

10.1.3 具有以下情形之一的法人，为上市公司的关联法人：

（一）直接或者间接控制上市公司的法人；
（二）由上述第（一）项法人直接或者间接控制的除上市公司及其控股子公司以外的法人；
（三）由第10.1.5条所列上市公司的关联自然人直接或者间接控制的，或者由关联自然人担任董事、高级管理人员的除上市公司及其控股子公司以外的法人；
（四）持有上市公司5%以上股份的法人；
（五）中国证监会、本所或者上市公司根据实质重于形式的原则认定的其他与上市公司有特殊关系，可能导致上市公司利益对其倾斜的法人。

10.1.4 上市公司与前条第（二）项所列法人受同一国有资产管理机构控制的，不因此而形成关联关系，但该法人的董事长、总经理或者半数以上的董事兼任上市公司董事、监事或者高级管理人员的除外。

10.1.5 具有以下情形之一的自然人，为上市公司的关联自然人：

（一）直接或间接持有上市公司5％以上股份的自然人；
（二）上市公司董事、监事和高级管理人员；
（三）第10.1.3条第（一）项所列法人的董事、监事和高级管理人员；
（四）本条第（一）项和第（二）项所述人士的关系密切的家庭成员，包括配偶、年满18周岁的子女及其配偶、父母及配偶的父母、兄弟姐妹及其配偶、配偶的兄弟姐妹、子女配偶的父母；
（五）中国证监会、本所或者上市公司根据实质重于形式的原则认定的其他与上市公司有特殊关系，可能导致上市公司利益对其倾斜的自然人。

10.1.6 具有以下情形之一的法人或者自然人，视同为上市公司的关联人：

（一）根据与上市公司或者其关联人签署的协议或者作出的安排，在协议或者安排生效后，或在未来十二个月内，将具有第10.1.3条或者第10.1.5条规定的情形之一；
（二）过去十二个月内，曾经具有第10.1.3条或者第10.1.5条规定的情形之一。

第二节  关联交易的审议程序和披露

10.2.1 上市公司董事会审议关联交易事项时，关联董事应当回避表决，也不得代理其他董事行使表决权。该董事会会议由过半数的非关联董事出席即可举行，董事会会议所作决议须经非关联董事过半数通过。出席董事会会议的非关联董事人数不足三人的，上市公司应当将交易提交股东大会审议。

前款所称关联董事包括下列董事或者具有下列情形之一的董事：

（一）为交易对方；
（二）为交易对方的直接或者间接控制人；
（三）在交易对方任职，或者在能直接或间接控制该交易对方的法人单位、该交易对方直接或间接控制的法人单位任职；
（四）为交易对方或者其直接或间接控制人的关系密切的家庭成员（具体范围参见第10.1.5条第（四）项的规定）；
（五）为交易对方或者其直接或间接控制人的董事、监事或高级管理人员的关系密切的家庭成员（具体范围参见第10.1.5条第（四）项的规定）；
（六）中国证监会、本所或者上市公司基于其他理由认定的，其独立商业判断可能受到影响的董事。

10.2.2 上市公司股东大会审议关联交易事项时，关联股东应当回避表决。

前款所称关联股东包括下列股东或者具有下列情形之一的股东：

（一）为交易对方；
（二）为交易对方的直接或者间接控制人；
（三）被交易对方直接或者间接控制；
（四）与交易对方受同一法人或者自然人直接或间接控制；
（五）因与交易对方或者其关联人存在尚未履行完毕的股权转让协议或者其他协议而使其表决权受到限制和影响的股东；
（六）中国证监会或者本所认定的可能造成上市公司利益对其倾斜的股东。

10.2.3 上市公司与关联自然人发生的交易金额在30万元以上的关联交易（上市公司提供担保除外），应当及时披露。

公司不得直接或者通过子公司向董事、监事、高级管理人员提供借款。

10.2.4 上市公司与关联法人发生的交易金额在300万元以上，且占公司最近一期经审计净资产绝对值0.5％以上的关联交易（上市公司提供担保除外），应当及时披露。

10.2.5 上市公司与关联人发生的交易（上市公司提供担保、受赠现金资产除外）金额在3000万元以上，且占上市公司最近一期经审计净资产绝对值5％以上的关联交易，除应当及时披露外，还应当比照第9.7条的规定，聘请具有执行证券、期货相关业务资格的中介机构，对交易标的进行审计或者评估，并将该交易提交股东大会审议。

第10.2.12条所述与日常经营相关的关联交易所涉及的交易标的，可以不进行审计或者评估。

10.2.6 上市公司为关联人提供担保的，不论数额大小，均应当在董事会审议通过后及时披露，并提交股东大会审议。

公司为持股5％以下的股东提供担保的，参照前款规定执行，有关股东应当在股东大会上回避表决。

10.2.7 上市公司与关联人共同出资设立公司，应当以上市公司的出资额作为交易金额，适用第10.2.3、10.2.4或10.2.5条的规定。

上市公司出资额达到第10.2.5条规定标准时，如果所有出资方均全部以现金出资，且按照出资额比例确定各方在所设立公司的股权比例的，可以向本所申请豁免适用提交股东大会审议的规定。

10.2.8 上市公司披露关联交易事项时，应当向本所提交下列文件：

（一）公告文稿；
（二）第9.12条第（二）项至第（五）项所列文件；
（三）独立董事事前认可该交易的书面文件；
（四）独立董事的意见；
（五）本所要求的其他文件。

10.2.9 上市公司披露的关联交易公告应当包括以下内容：

（一）交易概述及交易标的的基本情况；
（二）独立董事的事前认可情况和发表的独立意见；
（三）董事会表决情况（如适用）；
（四）交易各方的关联关系和关联人基本情况；
（五）交易的定价政策及定价依据，成交价格与交易标的帐面值或者评估值以及明确、公允的市场价格之间的关系，以及因交易标的的特殊性而需要说明的与定价有关的其他事项；
若成交价格与帐面值、评估值或者市场价格差异较大的，应当说明原因；交易有失公允的，还应当披露本次关联交易所产生的利益的转移方向；
（六）交易协议其他方面的主要内容，包括交易成交价格及结算方式，关联人在交易中所占权益的性质和比重，协议生效条件、生效时间和履行期限等；
（七）交易目的及交易对上市公司的影响，包括进行此次关联交易的真实意图和必要性，对公司本期和未来财务状况及经营成果的影响等；
（八）从当年年初至披露日与该关联人累计已发生的各类关联交易的总金额；
（九）第9.13条规定的其他内容；
（十）中国证监会和本所要求的有助于说明交易真实情况的其他内容。

上市公司为关联人和持股5％以下的股东提供担保的，还应当披露第9.14条规定的内容。

10.2.10 上市公司进行“提供财务资助”和“委托理财”等关联交易时，应当以发生额作为披露的计算标准，并按交易类别在连续十二个月内累计计算，经累计计算的发生额达到第10.2.3条、第10.2.4条或者第10.2.5条规定标准的，分别适用以上各条的规定。

已经按照第10.2.3条、第10.2.4条或者第10.2.5条履行相关义务的，不再纳入相关的累计计算范围。

10.2.11 上市公司进行前条之外的其他关联交易时，应当对相同交易类别下标的相关的各项交易，按照连续十二个月内累计计算的原则，分别适用第10.2.3条、第10.2.4条或者第10.2.5条的规定。

已经按照第10.2.3条、第10.2.4条或者第10.2.5条履行相关义务的，不再纳入相关的累计计算范围。

10.2.12 上市公司与关联人进行第10.1.1条第（二）项至第（五）项所列日常关联交易时，按照下述规定进行披露和履行相应审议程序：

（一）对于以前经股东大会或者董事会审议通过且正在执行的日常关联交易协议，如果执行过程中主要条款未发生重大变化的，公司应当在定期报告中按要求披露各协议的实际履行情况，并说明是否符合协议的规定；如果协议在执行过程中主要条款发生重大变化或者协议期满需要续签的，公司应当将新修订或者续签的日常关联交易协议，根据协议涉及的总交易金额提交股东大会或者董事会审议，协议没有具体总交易金额的，应当提交股东大会审议。
（二）对于前项规定之外新发生的日常关联交易，公司应当与关联人订立书面协议并及时披露，根据协议涉及的总交易金额提交股东大会或者董事会审议，协议没有具体总交易金额的，应当提交股东大会审议。该协议经审议通过并披露后，根据其进行的日常关联交易按照前项规定办理。
（三）公司每年新发生的各类日常关联交易数量较多，需要经常订立新的日常关联交易协议等，难以按照前项规定将每份协议提交股东大会或者董事会审议的，可以在披露上一年度报告之前，按类别对本公司当年度将发生的日常关联交易总金额进行合理预计，根据预计结果提交股东大会或者董事会审议并披露；对于预计范围内的日常关联交易，公司应当在定期报告中予以分类汇总披露。公司实际执行中超出预计总金额的，应当根据超出量重新提请股东大会或者董事会审议并披露。

10.2.13 日常关联交易协议的内容应当至少包括定价原则和依据、交易价格、交易总量或者明确具体的总量确定方法、付款时间和方式等主要条款。

协议未确定具体交易价格而仅说明参考市场价格的，公司在按照前条规定履行披露义务时，应当同时披露实际交易价格、市场价格及其确定方法、两种价格存在差异的原因。

10.2.14 上市公司与关联人进行的下述交易，可以免予按照关联交易的方式进行审议和披露：

（一）一方以现金方式认购另一方公开发行的股票、公司债券或企业债券、可转换公司债券或者其他衍生品种；
（二）一方作为承销团成员承销另一方公开发行的股票、公司债券或企业债券、可转换公司债券或者其他衍生品种；
（三）一方依据另一方股东大会决议领取股息、红利或者报酬；
（四）任何一方参与公开招标、公开拍卖等行为所导致的关联交易；
（五）本所认定的其他交易。

10.2.15 上市公司与关联人进行交易时涉及的披露和审议程序，本章没有规定的，适用本规则第九章的规定。

第十一章  其他重大事件

第一节  重大诉讼和仲裁

11.1.1 上市公司应当及时披露涉案金额超过1000万元，并且占公司最近一期经审计净资产绝对值10％以上的重大诉讼、仲裁事项。

未达到前款标准或者没有具体涉案金额的诉讼、仲裁事项，董事会基于案件特殊性认为可能对公司股票及其衍生品种交易价格产生较大影响，或者本所认为有必要的，以及涉及股东大会、董事会决议被申请撤销或者宣告无效的诉讼，公司也应当及时披露。

11.1.2 上市公司连续十二个月内发生的诉讼和仲裁事项涉案金额累计达到第11.1.1条所述标准的，适用该条规定。

已经按照第11.1.1条规定履行披露义务的，不再纳入累计计算范围。

11.1.3 上市公司披露重大诉讼、仲裁事项时，应当向本所提交下列文件：

（一）公告文稿；
（二）诉状或者仲裁申请书、受理（应诉）通知书；
（三）判决或者裁决书；
（四）本所要求的其他材料。

11.1.4 上市公司关于重大诉讼、仲裁事项的公告应当包括如下内容：

（一）案件受理情况和基本案情；
（二）案件对公司本期利润或者期后利润的影响；
（三）公司及控股子公司是否还存在尚未披露的其他诉讼、仲裁事项；
（四）本所要求的其他内容。

11.1.5 上市公司应当及时披露重大诉讼、仲裁事项的重大进展情况及其对公司的影响，包括但不限于诉讼案件的初审和终审判决结果、仲裁裁决结果以及判决、裁决执行情况等。

第二节  变更募集资金投资项目

11.2.1 上市公司拟变更募集资金投资项目的，应当在董事会形成相关决议后及时披露，并将该事项提交股东大会审议。

11.2.2 上市公司办理变更募集资金投资项目披露事宜，应当向本所提交下列文件：

（一）公告文稿；
（二）董事会决议和决议公告文稿；
（三）独立董事对变更募集资金投资项目的意见；
（四）监事会对变更募集资金投资项目的意见；
（五）保荐机构对变更募集资金投资项目的意见；
（六）关于变更募集资金投资项目的说明；
（七）新项目的合作意向书或者协议；
（八）新项目立项机关的批文；
（九）新项目的可行性研究报告；
（十）相关中介机构的报告；
（十一）终止原项目的协议；
（十二）本所要求的其他文件。

公司应当根据新项目的具体情况，向本所提供上述第（七）项至第（十一）项所述全部或者部分文件。

11.2.3 上市公司变更募集资金投资项目的公告应当包括如下内容：

（一）原项目基本情况及变更的具体原因；
（二）新项目的基本情况、市场前景和风险提示；
（三）新项目已经取得或者尚待取得有关部门审批的说明（如适用）；
（四）有关募集资金投资项目变更尚需提交股东大会审议的相关说明；
（五）本所要求的其他内容。

新项目涉及购买资产或者对外投资等事项的，还应当比照本规则的相关规定进行披露。

第三节  业绩预告、业绩快报和盈利预测

11.3.1 上市公司预计年度经营业绩将出现下列情形的，应当及时进行业绩预告：

（一）净利润为负值；
（二）业绩大幅变动。

上述业绩大幅变动，一般是指净利润与上年同期相比上升或者下降50％以上，或者实现扭亏为盈的情形。

业绩预告公告的刊登时间最迟不得晚于该报告期结束后一个月。比较基数较小的公司，经本所同意可以豁免进行业绩预告。

11.3.2 上市公司披露业绩预告后，又预计本期业绩与已披露的业绩预告情况差异较大的，应当及时刊登业绩预告更正公告。业绩预告更正公告应当包括以下内容：

（一）预计的本期业绩情况；
（二）预计的本期业绩与已披露的业绩预告存在的差异及造成差异的原因；
（三）董事会的致歉说明和对公司内部责任人的认定情况；
（四）关于公司股票可能被实施或者撤销特别处理、暂停上市、恢复上市或者终止上市的说明（如适用）。

根据注册会计师预审计结果进行业绩预告更正的，还应当说明公司与注册会计师是否存在分歧及分歧所在。

11.3.3 上市公司披露业绩预告或者业绩预告更正公告，应当向本所提交下列文件：

（一）公告文稿；
（二）董事会的有关说明；
（三）注册会计师对公司作出业绩预告或者更正其业绩预告的依据及过程是否适当和审慎的意见（如适用）；
（四）本所要求的其他文件。

11.3.4 上市公司可以在年度报告和中期报告披露前发布业绩快报，披露本期及上年同期主营业务收入、主营业务利润、利润总额、净利润、每股收益、每股净资产和净资产收益率等主要财务数据和指标。

公司披露业绩快报时，应当向本所提交下列文件：

（一）公告文稿；
（二）经法定代表人、主管会计工作的负责人、总会计师（如有）、会计机构负责人（会计主管人员）签字并盖章的比较式资产负债表和利润表；
（三）本所要求的其他文件。

11.3.5 上市公司应当保证业绩快报中的财务数据和指标与相关定期报告披露的实际数据和指标不存在重大差异。

在披露定期报告之前，公司若发现有关财务数据和指标的差异幅度将达到10％的，应当及时披露业绩快报更正公告，说明具体差异及造成差异的原因；差异幅度达到20％的，公司还应当在披露相关定期报告的同时，以董事会公告的形式进行致歉，说明对公司内部责任人的认定情况等。

11.3.6 上市公司预计本期业绩与已披露的盈利预测有重大差异的，应当及时披露盈利预测更正公告，并向本所提交下列文件：

（一）公告文稿；
（二）董事会的有关说明；
（三）董事会关于确认更正盈利预测的依据及过程是否适当和审慎的函件；
（四）注册会计师关于盈利预测与实际情况存在重大差异的专项说明；
（五）本所要求的其他文件。

11.3.7 上市公司盈利预测更正公告应当包括以下内容：

（一）预计的本期业绩；
（二）预计本期业绩与已披露的盈利预测存在的差异及造成差异的原因；
（三）董事会的致歉说明和对公司内部责任人的认定情况；
（四）关于公司股票可能被实施或者撤销特别处理、暂停上市、恢复上市或者终止上市的说明（如适用）。

第四节  利润分配和资本公积金转增股本

11.4.1 上市公司应当在董事会审议通过利润分配和资本公积金转增股本方案（以下简称“方案”）后，及时披露方案的具体内容。

11.4.2 上市公司在实施方案前，应当向本所提交下列文件：

（一）方案实施公告；
（二）相关股东大会决议；
（三）登记公司确认方案具体实施时间的文件；
（四）本所要求的其他文件。

11.4.3 上市公司应当于实施方案的股权登记日前三至五个交易日内披露方案实施公告。

11.4.4 方案实施公告应当包括以下内容：

（一）通过方案的股东大会届次和日期；
（二）派发现金股利、股份股利、资本公积金转增股本的比例（以每10股表述）、股本基数（按实施前实际股本计算），以及是否含税和扣税情况等；
（三）股权登记日、除权（息）日、新增股份（未完成股权分置改革的上市公司为“新增可流通股份”）上市日；
（四）方案实施办法；
（五）股本结构变动表（按变动前总股本、本次派发红股数、本次转增股本数、变动后总股本、占总股本比例等项目列示）；
（六）派发股份股利、资本公积金转增股本后，按新股本摊薄计算的上年度每股收益或者本年半年度每股收益；
（七）有关咨询办法。

11.4.5 上市公司应当在股东大会审议通过方案后两个月内，完成利润分配及转增股本事宜。

第五节  股票交易异常波动和传闻澄清

11.5.1 股票交易被中国证监会或者本所根据有关规定和业务规则认定为异常波动的，上市公司应当于下一交易日披露股票交易异常波动公告。

股票交易异常波动的计算从公告之日起重新开始。

11.5.2 上市公司披露股票交易异常波动公告时，应当向本所提交下列文件：

（一）公告文稿；
（二）董事会的分析说明；
（三）有助于说明问题真实情况的其他文件。

11.5.3 上市公司股票交易异常波动公告应当包括以下内容：

（一）股票交易异常波动的具体情况；
（二）对股票交易异常波动的合理解释，以及是否与公司或者公司内外部环境变化有关的说明；
（三）关于是否存在应当披露而未披露的重大信息的声明；
（四）本所要求的其他内容。

11.5.4 公共传媒传播的消息（以下简称“传闻”）可能或者已经对公司股票及其衍生品种交易价格产生较大影响的，上市公司应当及时向本所提供传闻传播的证据，并发布澄清公告。

11.5.5 上市公司关于传闻的澄清公告应当包括以下内容：

（一）传闻内容及其来源；
（二）传闻所涉事项的真实情况；
（三）本所要求的其他内容。

第六节  回购股份

11.6.1 上市公司应当在董事会审议通过回购股份相关事项后，及时披露董事会决议、回购股份预案，并发布召开股东大会的通知。公司披露的回购股份预案应当至少包括以下事项:

（一）回购股份的目的；
（二）回购股份的方式；
（三）回购股份的价格或价格区间、定价原则；
（四）拟回购股份的种类、数量及其占公司总股本的比例；
（五）拟用于回购股份的资金总额及资金来源；
（六）回购股份的期限；
（七）预计回购股份后公司股权结构的变动情况；
（八）管理层对回购股份对公司经营、财务及未来发展的影响的分析报告。

11.6.2 上市公司应当聘请独立财务顾问就回购股份事宜进行尽职调查,出具独立财务顾问报告，并在股东大会召开五日前公告。

11.6.3 上市公司应当在股东大会召开的三日之前,于本所网站披露，刊登回购股份的董事会决议公告的前一个交易日和股东大会股权登记日登记在册的前十名股东（未完成股权分置改革的上市公司为“前十名流通股股东”）的名称及持股数量、比例。

11.6.4 上市公司股东大会对回购股份作出决议，应当经出席会议的股东所持表决权的三分之二以上通过。

公司作出回购股份决议后,应当在十日内通知债权人，并于三十日内在报纸上至少公告三次。

11.6.5上市公司采用集中竞价方式回购股份的，应按照下述要求履行信息披露义务：

（一）在收到中国证监会无异议函后五个交易日内，公告《回购报告书》和法律意见书。
（二）在回购期间，于每个月的前三个交易日内刊登回购进展公告，披露截止上月末的回购进展情况，包括已回购股份总额、购买的最高价和最低价、支付的总金额。
通过集中竞价交易方式回购股份占上市公司总股本的比例每增加1%的，应当自该事实发生之日起两个交易日内进行公告，公告内容比照前款要求。
（三）距回购期届满三个月仍未实施回购方案的，董事会应当公告未能实施回购的原因。

11.6.6 前条所述《回购报告书》，应当包括下列内容：

（一）第11.6.1条所列事项；
（二）董事、监事和高级管理人员在股东大会决议公告前六个月内是否存在买卖本公司股票的行为,是否存在单独或者与他人联合进行内幕交易或者市场操纵的说明；
（三）独立财务顾问就本次回购股份出具的结论性意见；
（四）律师事务所就本次回购股份出具的结论性意见；
（五）其他应当说明的事项。

11.6.7 上市公司采用要约方式回购股份的，应当按照下述要求履行信息披露义务：

（一）在收到中国证监会无异议函后两个交易日内刊登提示公告，并在实施回购方案前披露《回购报告书》和法律意见书。《回购报告书》的内容，除第11.6.6条的规定外，还应当包括公司对股东预受及撤回要约的方式和程序等事项作出的特别说明。
（二）要约回购有效期内，公司应当委托本所每日在本所网站上公告预受和撤回预受要约股份的数量。

11.6.8 回购期届满或者回购方案已实施完毕的，上市公司应当立即停止回购行为，注销回购专用帐户，在两个交易日内刊登回购结果公告。

第七节  可转换公司债券涉及的重大事项

11.7.1 发行可转换公司债券的上市公司出现以下情况之一时，应当及时向本所报告并披露：

（一）因发行新股、送股、分立及其他原因引起股份变动，需要调整转股价格，或者依据募集说明书约定的转股价格向下修正条款修正转股价格的；
（二）可转换公司债券转换为股票的数额累计达到可转换公司债券开始转股前公司已发行股份总额10%的；
（三）公司信用状况发生重大变化，可能影响如期偿还债券本息的；
（四）可转换公司债券担保人发生重大资产变动、重大诉讼，或者涉及合并、分立等情况的；
（五）未转换的可转换公司债券数量少于3000万元的；
（六）有资格的信用评级机构对可转换公司债券的信用或公司的信用进行评级，并已出具信用评级结果的；
（七）可能对可转换公司债券交易价格产生较大影响的其他重大事件；
（八）中国证监会和本所规定的其他情形。

11.7.2 上市公司应当在可转换公司债券约定的付息日前三至五个交易日内披露付息公告；在可转换公司债券期满前三至五个交易日内披露本息兑付公告。

11.7.3 上市公司应当在可转换公司债券开始转股前三个交易日内披露实施转股的公告。

11.7.4 上市公司行使赎回权时，应当在每年首次满足赎回条件后的五个交易日内至少发布三次赎回公告。赎回公告应当载明赎回的程序、价格、付款方法、时间等内容。

赎回期结束后，公司应当公告赎回结果及其影响。

11.7.5 在可以行使回售权的年份内，上市公司应当在每年首次满足回售条件后的五个交易日内至少发布三次回售公告。回售公告应当载明回售的程序、价格、付款方法、时间等内容。

回售期结束后，公司应当公告回售结果及其影响。

11.7.6 变更募集资金投资项目的，上市公司应当在股东大会通过决议后二十个交易日内赋予可转换公司债券持有人一次回售的权利，有关回售公告至少发布三次。其中，在回售实施前、股东大会决议公告后五个交易日内至少发布一次，在回售实施期间至少发布一次，余下一次回售公告的发布时间视需要而定。

11.7.7 上市公司在可转换公司债券转换期结束的二十个交易日前，应当至少发布三次提示公告，提醒投资者有关在可转换公司债券转换期结束前的十个交易日停止交易的事项。

公司出现可转换公司债券按规定须停止交易的其他情形时，应当在获悉有关情形后及时披露其可转换公司债券将停止交易的公告。

11.7.8 上市公司应当在每一季度结束后及时披露因可转换公司债券转换为股份所引起的股份变动情况。

第八节  其他

11.8.1上市公司应当及时将公司承诺事项和股东承诺事项单独摘出报送本所备案，同时在本所网站上单独披露。

公司应当在定期报告中专项披露上述承诺事项的履行情况。公司未履行承诺的，应当及时详细地披露其原因以及相关董事可能承担的法律责任；股东未履行承诺的，公司应当及时详细地披露有关具体情况以及董事会采取的措施。

11.8.2 上市公司出现下列使公司面临重大风险的情形之一时，应当及时向本所报告并披露：

（一）发生重大亏损或者遭受重大损失；
（二）发生重大债务或者重大债权到期未获清偿；
（三）可能依法承担重大违约责任或者大额赔偿责任；
（四）计提大额资产减值准备；
（五）公司决定解散或者被有权机关依法责令关闭；
（六）公司预计出现资不抵债（一般指净资产为负值）；
（七）主要债务人出现资不抵债或者进入破产程序，公司对相应债权未提取足额坏账准备；
（八）主要资产被查封、扣押、冻结或者被抵押、质押；
（九）主要或者全部业务陷入停顿；
（十）公司因涉嫌违法违规被有权机关调查，或者受到重大行政、刑事处罚；
（十一）董事长或者经理无法履行职责，董事、监事、高级管理人员因涉嫌违法违纪被有权机关调查或采取强制措施；
（十二）本所或者公司认定的其他重大风险情况。

上述事项涉及具体金额的，比照适用第9.2条的规定。

11.8.3 上市公司出现下列情形之一的，应当及时向本所报告并披露：

（一）变更公司名称、股票简称、公司章程、注册资本、注册地址、主要办公地址和联系电话等，其中公司章程发生变更的，还应当将新的公司章程在本所网站上披露；
（二）经营方针和经营范围发生重大变化；
（三）变更会计政策或者会计估计；
（四）董事会就公司发行新股、可转换公司债券或者其他再融资方案形成相关决议；
（五）中国证监会股票发行审核委员会召开发审委会议，对公司新股、可转换公司债券发行申请或者其他再融资方案提出了相应的审核意见；
（六）持有公司5％以上股份的股东或者实际控制人持股情况或者控制公司的情况发生或者拟发生较大变化；
（七）董事长、经理、董事（含独立董事）或者三分之一以上的监事提出辞职或者发生变动；
（八）生产经营情况、外部条件或者生产环境发生重大变化（包括产品价格、原材料采购价格和方式发生重大变化等）；
（九）订立重要合同，可能对公司的资产、负债、权益和经营成果产生重大影响；
（十）新颁布的法律、行政法规、部门规章、政策可能对公司经营产生重大影响；
（十一）聘任或者解聘为公司审计的会计师事务所；
（十二）法院裁定禁止公司控股股东转让其所持本公司股份；
（十三）任一股东所持公司5%以上的股份被质押、冻结、司法拍卖、托管或者设定信托；
（十四）获得大额政府补贴等额外收益，转回大额资产减值准备或者发生可能对公司资产、负债、权益或经营成果产生重大影响的其他事项；
（十五）本所或者公司认定的其他情形。

11.8.4 上市公司因前期已披露的定期报告存在差错或者虚假记载，被有关机关责令改正或者经董事会决定进行更正的，应当在被责令改正或者董事会作出相应决定后，按照中国证监会《公开发行证券的公司信息披露编报规则第19号――财务信息的更正及相关披露》等有关规定的要求，及时予以披露。

11.8.5 上市公司作出向法院申请破产的决定、债权人向法院申请宣告公司破产或者法院受理关于公司破产的申请后，公司应当及时予以披露并充分揭示其股票可能被终止上市的风险。

进入破产程序后，公司和其他有信息披露义务的主体应当及时向本所报告并披露债权申报情况、债权人会议召开情况、破产和解与整顿等重大情况。

法院依法作出驳回破产申请、中止或者恢复破产程序、破产宣告等裁定的，公司应当及时披露裁定的主要内容。

11.8.6 上市公司涉及股份变动的减资（回购股份除外）、合并、分立方案，应当在获得中国证监会批准后及时向本所报告并公告。

11.8.7 上市公司减资、合并、分立方案实施过程中涉及信息披露和股份变更登记等事项的，按照中国证监会和本所的有关规定办理。

第十二章  停牌和复牌

12.1 上市公司发生本章规定的停牌事项，应当向本所申请对其股票及其衍生品种实施停牌和复牌。

本章未有明确规定的，公司可以本所认为合理的理由申请对其股票及其衍生品种实施停牌和复牌。

12.2 上市公司于交易日披露年度报告的，公司股票及其衍生品种应当自当日上午开市时起停牌，十点三十分复牌。

12.3 上市公司于本所交易时间召开股东大会的，公司股票及其衍生品种应当自股东大会召开当日起停牌，直至披露股东大会决议公告的当日上午开市时复牌；如果股东大会决议公告的内容涉及否决提案的，直至披露公告的当日上午十点三十分复牌。股东大会决议公告披露日为非交易日的，则在公告披露后的第一个交易日开市时复牌。

公司于本所交易时间之外召开股东大会，但在此后的第一个交易日或者之前未披露股东大会决议公告的，公司股票及其衍生品种应当自第一个交易日起停牌，直至披露股东大会决议公告的当日上午开市时复牌；如果股东大会决议公告的内容涉及否决提案的，直至披露公告的当日上午十点三十分复牌。股东大会决议公告披露日为非交易日的，则在公告披露后的第一个交易日开市时复牌。

12.4 上市公司于交易日披露临时报告，其内容首次涉及第11.3.1条、11.3.2条、11.3.4条、11.3.6条、11.4.1条、11.6.1条规定事项的，公司股票及其衍生品种应当自当日上午开市时起停牌，十点三十分复牌。

临时报告的内容涉及其他事项的，本所可以根据有关事项的具体情况，决定公司股票及其衍生品种的停牌和复牌时间。

12.5 上市公司进行购买、出售资产等交易，根据中国证监会有关规定应当向本所申请停牌的，公司股票及其衍生品种应当按照相关规定停牌。

12.6 公共传媒中出现上市公司尚未披露的重大信息，可能或者已经对公司股票及其衍生品种的交易价格产生较大影响的，公司股票及其衍生品种应当停牌，直至公司披露相关公告的当日上午十点三十分复牌。公告披露日为非交易日的，则在公告披露后的第一个交易日开市时复牌。

12.7 上市公司股票交易出现异常波动的，公司股票及其衍生品种应当停牌，直至公司披露相关公告的当日上午十点三十分复牌。

12.8 上市公司财务会计报告被出具非标准无保留审计意见，且意见所涉及的事项属于明显违反会计准则、制度及相关信息披露规范规定的，本所自公司披露定期报告之日起，对该公司股票及其衍生品种实施停牌，直至公司按规定作出纠正后复牌。

12.9 上市公司未在法定期限和本规则规定的期限内披露定期报告的，公司股票及其衍生品种应当停牌，直至公司披露定期报告的当日上午十点三十分复牌。定期报告披露日为非交易日的，则在披露后的第一个交易日开市时复牌。

公司因未披露年度报告和中期报告的停牌期限不超过两个月。停牌期间，公司应当至少发布三次风险提示公告。

公司未披露季度报告的同时存在未披露年度报告或者中期报告情形的，公司股票及其衍生品种应当按照前款和第十三章的有关规定停牌与复牌。

12.10 上市公司财务会计报告因存在重大会计差错或者虚假记载，被中国证监会责令改正但未在规定期限内改正的，公司股票及其衍生品种应当停牌，直至公司披露改正后的财务会计报告当日上午十点三十分复牌。公告披露日为非交易日的，则在公告披露后的第一个交易日开市时复牌。

公司因未按要求改正财务会计报告的停牌期限不超过两个月。停牌期间，公司应当至少发布三次风险提示公告。

12.11 上市公司在公司运作和信息披露方面涉嫌违反法律、行政法规、部门规章、本规则或者其他有关规定，情节严重而被有关部门调查的，本所在调查期间视情况决定该公司股票及其衍生品种的停牌和复牌时间。

12.12 上市公司的定期报告或者临时报告披露不够充分、完整或者可能误导投资者，但拒不按要求就有关内容进行解释或者补充披露的，本所可以对该公司股票及其衍生品种实施停牌，直至公司披露相关公告的当日上午十点三十分复牌。公告披露日为非交易日的，则在公告披露后的第一个交易日开市时复牌。

12.13 上市公司严重违反本规则且在规定期限内拒不按要求改正的，本所对该公司股票及其衍生品种实施停牌，并视情况决定复牌时间。

12.14 上市公司因某种原因使本所失去关于公司的有效信息来源时，本所可以对该公司股票及其衍生品种实施停牌，直至上述情况消除后复牌。

12.15 收购人进行上市公司协议收购或者要约收购时，被收购上市公司的股票及其衍生品种按照以下规定予以停牌和复牌：

（一）收购人于交易日披露《上市公司收购报告书摘要》、《要约收购报告书摘要》或者《上市公司收购报告书》、《要约收购报告书》的，公司股票及其衍生品种自公告披露当日上午开市时起停牌十点三十分复牌；
（二）要约收购期满至收购人披露上市公司收购情况报告期间，公司股票及其衍生品种停牌，本所根据收购完成后的具体情况决定复牌事宜。

12.16 上市公司股票交易被本所实行特别处理的，该公司股票及其衍生品种还应当按照本规则第十三章的有关规定停牌和复牌。

12.17 上市公司出现第14.1.1、14.1.11条规定的情形之一，或者发生重大事件而影响其上市资格的，该公司股票及其衍生品种还应当按照本规则第十四章的有关规定停牌和复牌。

12.18 发行可转换公司债券的上市公司涉及下列事项时，本所可以根据实际情况或者中国证监会的要求，决定可转换公司债券的停牌与复牌、转股的暂停与恢复事宜：

（一）交易日披露涉及调整或修正转股价格的信息；
（二）行使可转换公司债券赎回、回售权；
（三）公司实施利润分配或资本公积金转增股本方案；
（四）中国证监会和本所认为应当停牌或者暂停转股的其他事项。

12.19 除上述规定外，本所还可以根据实际情况或者中国证监会的要求，决定上市公司股票及其衍生品种的停牌与复牌事宜。

12.20 本所按照下述规定停止可转换公司债券的交易：

（一）可转换公司债券流通面值少于3000万元时，在上市公司发布相关公告三个交易日后停止其可转换公司债券的交易；
（二）可转换公司债券自转换期结束之前的第十个交易日起停止交易；
（三）可转换公司债券在赎回期间停止交易。

除此之外，可转换公司债券还应当在出现中国证监会和本所认为必须停止交易的其他情况时停止交易。

第十三章  特别处理

第一节  一般规定

13.1.1 上市公司出现财务状况异常或者其他异常情况，导致其股票存在被终止上市的风险，或者投资者难以判断公司前景，投资权益可能受到损害的，本所对该公司股票交易实行特别处理。

13.1.2 本章所称特别处理分为警示存在终止上市风险的特别处理（以下简称“退市风险警示”）和其他特别处理。

13.1.3 退市风险警示的处理措施包括：

（一）在公司股票简称前冠以“*ST”字样，以区别于其他股票；
（二）股票报价的日涨跌幅限制为5%（公司股票在恢复上市的首日不设涨跌幅报价限制）。

13.1.4 其他特别处理的处理措施包括：

（一）在公司股票简称前冠以“ST”字样，以区别于其他股票；
（二）股票报价的日涨跌幅限制为5%。

第二节  退市风险警示

13.2.1 上市公司出现以下情形之一的，本所对其股票交易实行退市风险警示：

（一）最近两年连续亏损（以最近两年年度报告披露的当年经审计净利润为依据）；
（二）因财务会计报告存在重大会计差错或者虚假记载，公司主动改正或者被中国证监会责令改正后，对以前年度财务会计报告进行追溯调整，导致最近两年连续亏损；
（三）因财务会计报告存在重大会计差错或者虚假记载，被中国证监会责令改正但未在规定期限内改正，且公司股票已停牌两个月；
（四）未在法定期限内披露年度报告或者中期报告,且公司股票已停牌两个月；
（五）公司可能被解散；
（六）法院受理关于公司破产的案件，公司可能被依法宣告破产；
（七）本所认定的其他情形。

13.2.2 上市公司应当在股票交易实行退市风险警示之前一个交易日发布公告。公告应当包括以下内容：

（一）股票的种类、简称、证券代码以及实行退市风险警示的起始日；
（二）实行退市风险警示的原因；
（三）公司董事会关于争取撤销退市风险警示的意见及具体措施；
（四）股票可能被暂停或者终止上市的风险提示；
（五）实行退市风险警示期间公司接受投资者咨询的主要方式；
（六）中国证监会和本所要求的其他内容。

13.2.3 上市公司出现第13.2.1条第（一）项、第（二）项情形的，应当在董事会审议通过年度报告或者财务报告更正公告后及时向本所报告,并提交董事会的书面意见。公司股票及其衍生品种于年度报告或者财务报告更正公告披露当日停牌一天。披露日为非交易日的，于下一交易日停牌一天。自复牌之日起，本所对公司股票交易实行退市风险警示。

13.2.4 上市公司出现第13.2.1条第（三）项、第（四）项情形的，公司股票及其衍生品种自停牌两个月期满的下一交易日起复牌。自复牌之日起，本所对公司股票交易实行退市风险警示。

在股票交易被实行退市风险警示期间，公司应当至少发布三次风险提示公告。

13.2.5 上市公司出现第13.2.1条第（五）项、第（六）项情形的，应当于当日立即向本所报告，公司股票及其衍生品种于本所知悉该事实后停牌，直至公司披露相关公告后下一交易日开市时复牌。自复牌之日起，本所对公司股票交易实行退市风险警示。

有破产风险的公司在其股票交易被实行退市风险警示期间，除应当按照第11.8.5条的规定履行信息披露的义务外，每月还应当至少披露一次公司破产程序的进展情况，提示破产风险。

有被解散风险的公司应当参照前款规定，披露解散和清算的进展情况，提示相关风险。

13.2.6 上市公司最近一个会计年度审计结果表明第13.2.1条第（一）项、第（二）项情形已经消除的，公司应当在董事会审议通过年度报告后及时向本所报告并披露年度报告，同时可以向本所申请撤销对其股票交易实行的退市风险警示。

13.2.7 上市公司股票交易因第13.2.1条第（三）项、第（四）项情形被实行退市风险警示后两个月内上述情形消除的，公司可以向本所申请撤销对其股票交易实行的退市风险警示。

13.2.8 上市公司在第13.2.1条第（五）项、第（六）项情形消除后，可以向本所申请撤销对其股票交易实行的退市风险警示。

13.2.9 上市公司向本所提交撤销对其股票交易实行的退市风险警示申请后，应当在下一交易日作出公告。

本所根据公司实际情况，决定是否撤销对其股票交易实行的退市风险警示。

13.2.10 本所决定撤销退市风险警示的，上市公司应当按照本所要求在撤销退市风险警示之前一个交易日作出公告。

公司股票及其衍生品种在公告披露日停牌一天，本所自复牌之日起撤销对公司股票交易实行的退市风险警示。

13.2.11 本所决定不予撤销退市风险警示的，上市公司应当在收到本所有关书面通知的下一交易日作出公告。公司不公告的，本所以交易所公告的形式予以公告。

公司股票及其衍生品种自公告披露当日上午开市时起停牌，十点三十分复牌。

第三节  其他特别处理

13.3.1上市公司出现以下情形之一的，本所对其股票交易实行其他特别处理：

（一）最近一个会计年度的审计结果表明其股东权益为负值；
（二）最近一个会计年度的财务会计报告被会计师事务所出具无法表示意见或者否定意见的审计报告；
（三）按照第13.2.6条向本所提出申请并获准撤销对其股票交易实行的退市风险警示后，最近一个会计年度的审计结果表明公司主营业务未正常运营，或者扣除非经常性损益后的净利润为负值；
（四）由于自然灾害、重大事故等导致公司生产经营活动受到严重影响且预计在三个月以内不能恢复正常；
（五）主要银行帐号被冻结；
（六）董事会会议无法正常召开并形成决议；
（七）中国证监会根据《证券发行上市保荐制度暂行办法》的有关规定，要求本所对公司的股票交易实行特别提示；
（八）中国证监会和本所认定的其他情形。

13.3.2 上市公司出现前条第（一）项至第（三）项情形的，应当在董事会审议通过年度报告后及时向本所报告，并提交董事会有关书面意见；出现前条第（四）项至第（六）项情形的，应当在事实发生后及时向本所报告。

13.3.3 上市公司出现第13.3.1条第（七）项情形的，本所根据中国证监会的有关要求，对公司股票交易实行其他特别处理；出现该条其他各项情形的，由本所决定是否对公司股票交易实行其他特别处理。

13.3.4 上市公司应当按照本所要求，在其股票交易被实行其他特别处理之前一个交易日作出公告，公告内容参照第13.2.2条的规定。

公司股票及其衍生品种在公告披露日停牌一天。自复牌之日起，本所对公司股票交易实行其他特别处理。

13.3.5 上市公司最近一个会计年度财务状况恢复正常，审计结果表明第13.3.1条第（一）项、第（二）项情形已经消除，并且同时满足以下条件的，公司应当在董事会审议通过年度报告后及时向本所报告并披露年度报告，同时可以向本所申请撤销对其股票交易实行的其他特别处理：

（一）主营业务正常运营；
（二）扣除非经常性损益后的净利润为正值。

13.3.6 上市公司最近一个会计年度审计结果表明第13.3.1条第（三）项情形已经消除的，应当在董事会审议通过年度报告后及时向本所报告并披露年度报告，同时可以向本所申请撤销对其股票交易实行的其他特别处理。

13.3.7 上市公司认为第13.3.1条第（四）项至第（六）项情形已经消除的，可以向本所申请撤销对其股票交易实行的其他特别处理。

13.3.8 上市公司向本所提交撤销对其股票交易实行的其他特别处理的申请后，应当在下一交易日作出公告。

本所在收到公司申请后，决定是否撤销对其股票交易实行的其他特别处理。公司股票交易因第13.3.1条第（七）项规定被实行其他特别处理的，本所根据中国证监会的有关要求，撤销实行的其他特别处理。

13.3.9 本所决定撤销其他特别处理的，上市公司应当按照本所要求在撤销其他特别处理之前一个交易日作出公告。

公司股票及其衍生品种在公告披露日停牌一天，本所自复牌之日起撤销对公司股票交易实行的其他特别处理。

13.3.10 本所决定不予撤销其他特别处理的，上市公司应当在收到本所有关书面通知后的下一交易日作出公告。公司不公告的，本所以交易所公告的形式予以公告。

公司股票及其衍生品种自公告披露当日上午开市时起停牌，十点三十分复牌。

13.3.11 本所就第13.3.1条第（一）项至第（三）项情形决定不予撤销其他特别处理的，上市公司在报送下一年度报告时，方可根据第13.3.5条和第13.3.6条的规定，向本所再次申请撤销对其股票交易实行的其他特别处理。

第十四章  暂停、恢复和终止上市

第一节  暂停上市

14.1.1 上市公司出现下列情形之一的，本所暂停其股票上市：

（一）因第13.2.1条第（一）项、第（二）项情形其股票交易被实行退市风险警示后，最近一个会计年度审计结果表明公司继续亏损；
（二）因第13.2.1条第（三）项情形其股票交易被实行退市风险警示后，在两个月内仍未按要求改正财务会计报告；
（三）因第13.2.1条第（四）项情形其股票交易被实行退市风险警示后，在两个月内仍未披露年度报告或者中期报告；
（四）公司股本总额、股权分布等发生变化不再具备上市条件的；
（五）公司有重大违法行为；
（六）本所认定的其他情形。

14.1.2 因第13.2.1条第（一）项、第（二）项情形其股票交易被实行退市风险警示的上市公司，预计实行退市风险警示后最近一个会计年度继续亏损的，应当在该会计年度结束后一个月内发布股票可能被暂停上市的风险提示公告，并在披露年度报告前至少再发布两次风险提示公告。

14.1.3 因第13.2.1条第（一）项、第（二）项情形其股票交易被实行退市风险警示的上市公司，实行退市风险警示后最近一个会计年度财务会计报告显示公司继续亏损，或者虽然显示盈利但被会计师事务所出具非标准无保留审计意见的，董事会在审议年度财务会计报告时，应当就以下事项作出决议，并提交最近一次股东大会审议：

（一）如果公司股票被暂停上市，将与一家具有第4.1条规定的恢复上市保荐机构资格的证券公司（以下简称“代办机构”）签订协议，约定由公司聘请该代办机构作为股票恢复上市的保荐机构；如果公司股票被终止上市，则委托该代办机构提供代办股份转让服务，并授权其办理证券交易所市场登记结算系统股份退出登记、股份重新确认以及代办股份转让系统股份登记结算等事宜；
（二）如果公司股票被暂停上市，将与登记公司签订协议，约定在公司股票被终止上市后，将委托登记公司作为全部股份的托管、登记和结算机构；
（三）如果公司股票被终止上市，将申请其股份进入代办股份转让系统进行转让，股东大会授权董事会办理公司股票终止上市以及进入代办股份转让系统的有关事宜。

14.1.4 上市公司应当在股东大会审议通过前条所述事项后五个交易日内，完成与代办机构和登记公司的协议签订工作，并在协议签订后及时报送本所，披露其主要内容。

14.1.5 上市公司出现第14.1.1条第（一）项情形的，应当在董事会审议通过年度报告后及时向本所报告并披露年度报告。公司在披露年度报告的同时，应当再次发布股票将被暂停上市的风险提示公告。

本所自年度报告披露之日起对公司股票及其衍生品种实施停牌，并在停牌后十五个交易日内作出是否暂停其股票上市的决定。

14.1.6 上市公司出现第14.1.1条第（二）项、第（三）项情形的，本所自两个月期满后的第一交易日起对公司股票及其衍生品种实施停牌，并在停牌后十五个交易日内作出是否暂停其股票上市的决定。

暂停上市期间，公司应当至少发布三次股票可能被终止上市的风险提示公告。

公司在其股票被暂停上市后至终止上市前，应当参照第14.1.3条和第14.1.4条的规定，完成与代办机构和登记公司的协议签订工作，并及时报送本所，披露协议的主要内容。

14.1.7 本所上市委员会对股票暂停上市事宜进行审议，作出独立的专业判断并形成审核意见。

本所根据上市委员会的审核意见，作出是否暂停股票上市的决定。

14.1.8 本所在作出暂停其股票上市的决定后两个交易日内通知上市公司并发布公告，同时报中国证监会备案。

14.1.9 上市公司应当在收到本所暂停其股票上市的决定后及时披露股票暂停上市公告。股票暂停上市公告应当包括以下内容：

（一）暂停上市的股票种类、简称、证券代码以及暂停上市起始日；
（二）股票暂停上市决定的主要内容；
（三）董事会关于争取恢复股票上市的意见及具体措施；
（四）股票可能被终止上市的风险提示；
（五）暂停上市期间公司接受投资者咨询的主要方式；
（六）中国证监会和本所要求的其他内容。

14.1.10 股票暂停上市期间，公司应当继续履行上市公司的有关义务，并至少在每月前五个交易日内披露一次为恢复其股票上市所采取的措施及有关工作的进展情况。

公司没有采取相应措施或者有关工作没有进展的，也应当披露并说明原因。

14.1.11上市公司出现下列情形之一的，本所暂停其可转换公司债券上市：

（一）公司有重大违法行为；
（二）公司情况发生重大变化不符合可转换公司债券上市条件；
（三）发行可转换公司债券所募集的资金不按照核准的用途使用；
（四）未按照可转换公司债券募集办法履行义务；
（五）公司最近二年连续亏损；
（六）本所认为应当暂停其可转换公司债券上市的其他情形。

14.1.12 可转换公司债券暂停上市事宜，参照本节股票暂停上市的有关规定执行。

第二节  恢复上市

14.2.1 因第14.1.1条第（一）项情形股票被暂停上市的，在暂停上市期间，上市公司于法定期限内披露了最近一期年度报告，且经审计的年度财务会计报告显示公司盈利的，可以在最近一期年度报告披露后五个交易日内，以书面形式向本所提出恢复其股票上市的申请。

14.2.2 暂停上市后最近一期年度报告中的财务会计报告被会计师事务所出具非标准无保留审计意见的，上市公司在披露年度报告的同时，应当发布其股票可能被终止上市的风险提示公告。

14.2.3 上市公司应当聘请代办机构担任其恢复上市的保荐机构。

保荐机构应当对公司恢复上市申请材料的真实性、准确性和完整性进行核查，在确信公司具备恢复上市条件后出具恢复上市保荐书，并保证承担连带责任。

14.2.4 保荐机构在核查过程中，应当至少从以下三个方面对上市公司的有关情况予以充分关注和尽职核查，并出具核查报告：

（一）规范运作：包括人员、资产、财务的独立性，关联交易是否公允，重大出售或者收购资产的行为是否规范，重组后的业务方向以及经营状况是否发生实质性变化，与实际控制人之间是否存在同业竞争等；
（二）财务会计：包括公司的收入确认、非经常性损益的确认是否合规，会计师事务所出具的非标准无保留审计意见所涉及事项对公司是否存在重大影响，公司对明显违反会计准则、制度及相关信息披露规范规定的事项进行纠正和调整的情况等；
（三）或有风险：包括资产出售、抵押、置换、委托经营、重大对外担保、重大诉讼和仲裁事项（适用本规则有关累计计算的规定），以及上述事项对公司生产经营所产生的影响等。
对于公司存在的各种不规范行为，保荐机构应当要求公司改正。公司未按要求改正的，保荐机构应当拒绝为其出具恢复上市保荐书。

14.2.5 保荐机构出具的恢复上市保荐书应当包括以下内容：

（一）公司的基本情况；
（二）公司存在的主要风险以及原有风险是否已经消除的说明；
（三）对公司发展前景的评价；
（四）核查报告的主要内容；
（五）公司是否完全符合恢复上市条件及其依据的说明；
（六）无保留且表述明确的保荐意见及其理由；
（七）保荐机构和相关保荐代表人具备相应保荐资格以及保荐机构内部审核程序的说明；
（八）保荐机构是否存在可能影响其公正履行保荐职责的情形的说明；
（九）保荐机构比照有关规定作出的承诺；
（十）对公司持续督导期间的工作安排；
（十一）保荐机构和相关保荐代表人的联系地址、电话和其他通讯方式；
（十二）保荐机构认为应当说明的其他事项；
（十三）中国证监会和本所要求的其他内容。

恢复上市保荐书应当由保荐机构的法定代表人（或者授权代表）和相关保荐代表人签字，注明日期并加盖保荐机构公章。

14.2.6 上市公司申请其股票恢复上市的，应当聘请律师对恢复上市申请的合法、合规性以及相关申请材料的真实性、准确性和完整性进行核查验证，就公司是否具备恢复上市条件出具法律意见书，并承担相应的法律责任。

14.2.7 前条所述法律意见书应当包括以下内容及相关结论性意见：

（一）公司的主体资格；
（二）公司是否完全符合恢复上市的实质条件；
（三）公司的业务及发展目标；
（四）公司治理结构和规范运作情况；
（五）关联交易和同业竞争；
（六）公司的主要财产；
（七）重大债权、债务；
（八）重大资产变化及收购兼并情况；
（九）公司纳税情况；
（十）重大诉讼、仲裁；
（十一）公司受到的行政处罚；
（十二）律师认为需要说明的其他问题。

律师就上述事项发表的有关结论性意见，应当包括是否合法合规、是否真实有效、是否存在纠纷或者潜在风险等。

14.2.8 上市公司提出恢复上市申请时，应当向本所提交下述文件：

（一）恢复上市申请书；
（二）董事会关于公司符合恢复上市条件，同意申请恢复上市的决议；
（三）董事会关于公司在暂停上市期间为恢复上市所做主要工作的报告；
（四）管理层从公司主营业务、经营活动、财务状况、或有事项、期后事项和其他重大事项等角度，对公司所实现的盈利情况、公司经营能力和盈利能力的持续性、稳定性作出的分析报告；
（五）关于公司重大资产重组方案的说明，包括重大资产重组的内部决策程序、资产交接、相关收益的确认、实施结果及相关证明文件等；
（六）关于公司最近一期年度报告期间的重大关联交易事项的说明，包括相关内部决策程序、协议主要内容、履行情况和实施结果以及相关证明文件等；
（七）关于公司最近一期年度报告期间纳税情况的说明；
（八）年度报告和审计报告原件；
（九）保荐机构出具的恢复上市保荐书和保荐协议；
（十）法律意见书；
（十一）董事会对非标准无保留审计意见涉及事项的说明（如适用）；
（十二）会计师事务所和注册会计师关于出具非标准无保留审计意见的说明（如适用）；
（十三）按照第14.1.4条的规定与代办机构和登记公司签订的相关协议；
（十四）本所要求的其他文件。

公司应当在向本所提出恢复上市申请后下一交易日发布相关公告。

14.2.9 本所在收到上市公司提交的恢复上市申请文件后五个交易日内，作出是否受理的决定并通知公司。

公司未能按照前条要求提供申请文件的，本所不受理其股票恢复上市的申请。

公司应当在收到本所是否受理其申请的决定后及时披露决定的有关内容，并发布可能终止上市的风险提示公告。

14.2.10 本所在受理上市公司恢复上市申请后三十个交易日内，作出是否同意其股票恢复上市的决定。

在此期间，本所要求公司提供补充材料的，公司应当在本所规定的期限内提供有关材料。公司提供补充材料期间不计入上述本所作出有关决定的期限。

14.2.11 本所受理上市公司恢复上市申请后，可以聘请具有执行证券、期货相关业务资格的会计师事务所对公司盈利的真实性进行调查核实。

调查核实期间不计入前条所述本所作出有关决定的期限。

14.2.12 因第14.1.1条第（二）项情形股票被暂停上市后，上市公司在两个月内披露按照有关规定改正后的财务会计报告的，可以在披露后五个交易日内，以书面形式向本所提出恢复其股票上市的申请。

本所自收到公司申请之日起十五个交易日内，作出是否同意其股票恢复上市的决定。本所在作出决定之前，可以视情况要求公司提供保荐机构和会计师事务所对公司财务会计报告的改正情况等事项出具的专项说明和意见。公司按照本所要求提供相关材料的期间，不计入本所作出有关决定的期限。

14.2.13 因第14.1.1条第（三）项情形股票被暂停上市后，上市公司在两个月内披露相关年度报告或者中期报告的，可以在披露后五个交易日内，以书面形式向本所提出恢复其股票上市的申请。

本所自收到公司申请之日起十五个交易日内，作出是否同意其股票恢复上市的决定。本所在作出决定之前，可以视情况要求公司提供保荐机构和会计师事务所对公司相关定期报告所涉事项出具的专项说明和意见。公司按照本所要求提供相关材料的期间，不计入本所作出有关决定的期限。

14.2.14 本所上市委员会对上市公司恢复上市申请进行审议，作出独立的专业判断并形成审核意见。

本所根据上市委员会的审核意见，作出是否同意公司股票恢复上市的决定。

14.2.15 本所在作出同意其股票恢复上市的决定后两个交易日内通知上市公司，并报中国证监会备案。

14.2.16 经本所同意恢复上市的，上市公司应当在收到有关决定后及时披露股票恢复上市公告。股票恢复上市公告应当包括以下内容：

（一）恢复上市的股票种类、简称、证券代码；
（二）股票恢复上市决定的主要内容；
（三）董事会关于恢复上市措施的具体说明；
（四）相关风险因素分析；
（五）中国证监会和本所要求的其他内容。

14.2.17 上市公司披露股票恢复上市公告五个交易日后，其股票恢复上市。

14.2.18 在可转换公司债券暂停上市期间，上市公司符合下列条件的，可以书面形式向本所提出恢复其可转换公司债券上市的申请：

（一）因第14.1.11条第（一）项、第（四）项所列情形之一可转换公司债券被暂停上市，经查实上述情形造成的后果不严重；
（二）因第14.1.11条第（二）项所列情形可转换公司债券被暂停上市，该情形在六个月内消除；
（三）因第14.1.11条第（三）项所列情形可转换公司债券被暂停上市，该在两个月内消除；
（四）因第14.1.11条第（五）项所列情形可转换公司债券被暂停上市，公司在法定披露期限内披露了经审计的最近一期年度报告，且年度财务会计报告显示公司实现盈利。

14.2.19 可转换公司债券恢复上市事宜，参照本节股票恢复上市的有关规定执行。

第三节  终止上市

14.3.1 上市公司出现下列情形之一的，本所终止其股票上市：

（一）因第14.1.1条第（一）项情形股票被暂停上市后，未能在法定期限内披露最近一期年度报告；
（二）因第14.1.1条第（一）项情形股票被暂停上市后，在法定期限内披露的最近一期年度报告显示公司亏损；
（三）因第14.1.1条第（一）项情形股票被暂停上市后，在法定期限内披露了最近一期年度报告，但未在其后五个交易日内提出恢复上市申请；
（四）因第14.1.1条第（二）项情形股票被暂停上市后，在两个月内仍未按要求改正财务会计报告，或者在两个月内披露了按要求改正的财务会计报告但未在其后的五个交易日内提出恢复上市申请；
（五）因第14.1.1条第（三）项情形股票被暂停上市后，在两个月内仍未披露相关年度报告或者中期报告，或者在两个月内披露相关年度报告或者中期报告但未在其后的五个交易日内提出恢复上市申请；
（六）恢复上市申请未被受理；
（七）恢复上市申请未获同意；
（八）公司股本总额、股权分布等发生变化不再具备上市条件，在本所规定的期限内仍不能达到上市条件；
（九）上市公司或者收购人以终止股票上市为目的回购股份或者要约收购，在方案实施后，公司股本总额、股权分布等发生变化不再具备上市条件，公司向本所提出终止上市的申请；
（十）股东大会在公司股票暂停上市期间作出终止上市的决议；
（十一）公司解散或者被宣告破产；
（十二）本所认定的其他情形。

14.3.2 上市公司出现第14.3.1条第（一）项情形的，本所自法定披露期限结束之日起十五个交易日内，作出是否终止其股票上市的决定。

14.3.3 上市公司股票被暂停上市后，预计可能出现第14.3.1条第（二）项情形的，董事会应当在最近一个年度结束后十个交易日内，发布公司股票可能被终止上市的风险提示公告，并在披露年度报告前至少再发布两次风险提示公告。

14.3.4 上市公司出现第14.3.1条第（二）项情形的，应当自董事会审议通过年度报告后及时向本所报告并披露年度报告，同时发布公司股票可能被终止上市的风险提示公告。

本所自公司披露年度报告之日起十五个交易日内，作出是否终止其股票上市的决定。

14.3.5 上市公司出现第14.3.1条第（三）项情形的，本所自公司披露年度报告之日起十五个交易日内，作出是否终止其股票上市的决定。

14.3.6 上市公司出现第14.3.1条第（四）项、第（五）项情形的，本所自两个月或者五个交易日期满之日起十五个交易日内，作出是否终止其股票上市的决定。

14.3.7 上市公司出现第14.3.1条第（六）项、第（七）项情形的，本所自决定不受理其股票恢复上市申请之日起十五个交易日内、在决定不同意其股票恢复上市申请的同时，作出终止其股票上市的决定。

14.3.8 上市公司出现第14.3.1条第（八）项情形的，本所在规定期限届满后十五个交易日内，作出是否终止其股票上市的决定。

14.3.9 上市公司出现第14.3.1条第（九）项情形的，本所视情况对公司股票及其衍生品种实施停牌，并在收到公司申请后十五个交易日内，作出是否终止其股票上市的决定。

14.3.10 上市公司出现第14.3.1条第（十）项情形的，应当在股东大会会议结束后及时通知本所并公告。

本所在公司披露股东大会决议公告后十五个交易日内，作出是否终止其股票上市的决定。

14.3.11 上市公司出现14.3.1条第（十一）项情形的，应当于知悉公司依法被吊销营业执照、责令关闭或者被撤销等解散条件成就时，或者在股东大会作出解散的决议后，或者在法院宣告公司破产当日立即向本所报告并于次日公告，公司股票及其衍生品种于本所知悉该情形之日起停牌。

本所在公司披露上述公告后十五个交易日内，作出是否终止其股票上市的决定。

14.3.12 本所上市委员会对股票终止上市事宜进行审议，作出独立的专业判断并形成审核意见。

本所根据上市委员会的审核意见，作出是否终止股票上市的决定。

14.3.13 本所在作出是否终止股票上市的决定前，可以聘请具有执行证券、期货相关业务资格的会计师事务所对上市公司盈利的真实性等情况进行调查核实，并将结果提交上市委员会审议。调查核实期间不计入本所作出有关决定的期限。

本所为作出是否终止公司股票上市的决定，可以要求公司提供补充材料，公司应当在本所规定的期限内提供有关材料。公司提供补充材料期间不计入上述本所作出有关决定的期限。

14.3.14 本所在作出终止股票上市的决定后两个交易日内，通知该公司并发布相关公告，同时报中国证监会备案。

公司在此之前未按规定聘请代办机构并与其签订相关协议的，本所在作出终止其股票上市的决定同时，为其指定临时代办机构，通知公司和代办机构，并于两个交易日内就上述事项发布相关公告（公司不再具备法人资格的情形除外）。

14.3.15 公司应当自收到本所关于终止其股票上市的决定后及时披露股票终止上市公告。股票终止上市公告应当包括以下内容：

（一）终止上市的股票种类、简称、证券代码以及终止上市的日期；
（二）终止上市决定的主要内容；
（三）终止上市后公司股票登记、转让和管理事宜；
（四）终止上市后公司的联系人、联系地址、电话和其他通讯方式；
（五）中国证监会和本所要求的其他内容。

14.3.16 公司应当在股票终止上市后立即安排进入代办股份转让系统的相关事宜，保证公司股份在本所发布终止上市的公告后四十五个交易日内可以进入代办股份转让系统进行转让。

14.3.17 上市公司出现下列情形之一的，本所终止其可转换公司债券上市：

（一）因第14.1.11条第（一）项、第（四）项所列情形之一可转换公司债券被暂停上市，经查实上述情形后果严重；
（二）因第14.1.11条第（二）项所列情形可转换公司债券被暂停上市，该情形在六个月内未能消除；
（三）因第14.1.11条第（三）项所列情形可转换公司债券被暂停上市，该在两个月内未能消除；
（四）因第14.1.11条第（五）项所列情形可转换公司债券被暂停上市，公司未在法定披露期限内披露经审计的最近一期年度报告，或者披露的年度报告显示公司亏损，或者未在披露年度报告后五个交易日内提出恢复上市申请；
（五）公司股票被本所终止上市。

14.3.18 可转换公司债券终止上市事宜，参照本节股票终止上市的有关规定执行。

第十五章  申请复核

15.1 发行人或者上市公司（以下统称“申请人”）对本所作出的不予上市、暂停上市、终止上市决定不服的，可以在本所公告有关决定之日起七个交易日内，向本所申请复核；本所不公告有关决定的，申请人可以在收到决定之日起七个交易日内，向本所申请复核。复核期间，原决定不停止执行。

上市公司应当在向本所提出复核申请后下一交易日发布相关公告。

15.2 申请人根据前条规定向本所申请复核，应当提交下列文件：

（一）复核申请书；
（二）保荐机构就申请复核事项出具的意见书；
（三）律师事务所就申请复核事项出具的法律意见书；
（四）本所要求的其他文件。

15.3 本所在收到申请人提交的复核申请文件后五个交易日内，作出是否受理的决定并通知申请人。

未能按照前条规定提交复核申请文件的，本所不受理其复核申请。

上市公司应当在收到本所是否受理其复核申请的决定后，及时披露决定的有关内容并提示相关风险。

15.4 本所设立复核机构，对申请人的复核申请进行审议。

15.5 本所在受理复核申请后三十个交易日内，决定是否维持不予上市、暂停上市、终止上市的决定。该决定为终局决定。

在此期间，本所要求申请人提供补充材料的，申请人应当按要求予以提供。申请人提供补充材料期间不计入本所作出有关决定的期限内。

上市公司应当在收到本所的复核决定后，及时披露决定的有关内容。

第十六章  境内外上市事务的协调

16.1 在本所上市的公司同时有证券在境外其他证券交易所上市的，其他证券交易所要求公司披露的信息，公司应当向本所报告，经本所审核同意后在境内同时披露相同的信息。

16.2 上市公司就同一事件向其他证券交易所提供的报告和公告应当与向本所提供的报告和公告内容一致。出现重大差异时，公司应当向本所作出专项说明，并按照本所要求披露更正或者补充公告。

16.3 本章未尽事宜，适用有关法律、行政法规、部门规章和本所与其他证券交易所签署的监管合作备忘录以及其他相关规定。

第十七章  日常监管和违反本规则的处理

17.1 本所对上市公司及相关信息披露义务人的信息披露事务实施日常监管，具体措施包括：

（一）要求公司及相关信息披露义务人或者其董事（会）、监事（会）、高级管理人员对有关问题作出解释和说明；
（二）要求公司聘请相关中介机构对所存在的问题进行核查并发表意见；
（三）发出各种通知和函件等；
（四）约见有关人员；
（五）向中国证监会报告有关违法违规行为；
（六）其他监管措施。

公司及相关信息披露义务人应当接受并积极配合本所的日常监管，在规定期限内如实回答本所问询，并按要求提交说明，或者披露相应的更正或补充公告。

17.2 上市公司及相关信息披露义务人违反本规则或者向本所作出的承诺，本所可以视情节轻重给予以下惩戒：

（一）通报批评；
（二）公开谴责。

17.3 上市公司董事、监事、高级管理人员违反本规则或者向本所作出的承诺，本所可以视情节轻重给予以下惩戒：

（一）通报批评；
（二）公开谴责；
（三）公开认定其不适合担任上市公司董事、监事、高级管理人员。

以上第（二）项、第（三）项惩戒可以一并实施。

17.4 上市公司董事会秘书违反本规则，本所可以视情节轻重给予以下惩戒：

（一）通报批评；
（二）公开谴责；
（三）建议公司更换董事会秘书。

以上第（二）项、第（三）项惩戒可以一并实施。

17.5 保荐机构和保荐代表人违反本规则，本所可以视情节轻重给予以下惩戒：

（一）通报批评；
（二）公开谴责。

情节严重的，本所依法报中国证监会查处。

第十八章  释  义

18.1 本规则下列用语含义如下：

上市公司：指其股票在本所上市交易的股份有限公司。

高级管理人员：指公司经理、副经理、董事会秘书、财务负责人及公司章程规定的其他人员。

控股股东：指其持有的股份占公司股本总额百分之五十以上的股东；或者持有股份的比例虽然不足百分之五十，但依其持有的股份所享有的表决权已足以对股东大会的决议产生重大影响的股东。

实际控制人：指虽不是公司的股东，但通过投资关系、协议或者其他安排，能够实际支配公司行为的人。

控制：指能够决定一个企业的财务和经营政策，并可据以从该企业的经营活动中获取利益的状态。具有下列情形之一的，构成控制：

(1)股东名册中显示持有公司股份数量最多，但是有相反证据的除外；
(2)能够直接或者间接行使一个公司的表决权多于该公司股东名册中持股数量最多的股东能够行使的表决权；
(3)通过行使表决权能够决定一个公司董事会半数以上成员当选；
(4)中国证监会和本所认定的其他情形。

上市公司控股子公司：指上市公司持有其50%以上的股份，或者能够决定其董事会半数以上成员的当选，或者通过协议或其他安排能够实际控制的公司。

及时：指自起算日起或者触及本规则披露时点的两个交易日内。

披露：指上市公司或者相关信息披露义务人根据法律、行政法规、部门规章、本规则和其他有关规定在指定媒体上公告信息。

内部职工股：指原定向募集股份有限公司的内部职工认购的股票。

回购股份：指上市公司收购本公司发行的流通股股份，并在收购后予以注销的行为。

18.2 本规则未定义的用语的含义，依照有关法律、行政法规、部门规章和本所有关业务规则确定。

18.3 本规则所称“以上”、“超过”、“以内”含本数，“少于”不含本数。

第十九章  附  则

19.1 本规则经本所理事会会议审议通过并报中国证监会批准后生效，修订时亦同。

19.2 本规则由本所负责解释。

19.3 本规则自2006年5月19日起施行。

上市公司在此之前发生的按照原《股票上市规则》应当披露而未披露的重大事项，根据本规则也应当披露的，在本规则发布施行后，应当按照本规则的规定及时披露。

附件：

1、《董事声明及承诺书》（略）
2、《监事声明及承诺书》（略）
3、《高级管理人员声明及承诺书》（略）