Notice of Shanghai Stock Exchange on Promulgating the Interim Provisions on the Examination of Securities Listing in Shanghai Stock Exchange For the purpose of regulating the examination of the listing of securities, suspension of listing and termination of listing, the June 12, 2006 Interim Provisions on the Examination of Securities Listing in Shanghai Stock Exchange Article 1 In order to regulate the examination of securities listing in Shanghai Stock Exchange (hereinafter referred to as this Exchange), Article 2 The examination on the following matters shall comply with the current Provisions. In the absence of the related provisions in the (1) The initial public listing of stocks, enterprise bonds and corporate bonds; (2) The re-listing of any stocks, enterprise bonds, corporate bonds and convertible corporate bonds whose listing have been suspended; (3) The suspension or termination of listing of any stocks, enterprise bonds, corporate bonds and convertible corporate bonds; and (4) Any other listing of securities, suspension of listing, recovery of listing and termination of listing that shall be conducted by Article 3 The Listing Committee set up by this Exchange shall make examination on the matters prescribed in the preceding paragraph. This Exchange Making examination, the listing Committee may be in the forms such as examination meeting, direct voting by communications or any Article 4 The members of the Listing Committee shall independently discharge their functions and duties in their own names and shall be free Chapter II Listing Committee Article 5 The members of the Listing Committee shall be appointed by this Exchange from those qualified experts in the specialties such as Article 6 The term of office for the members of the Listing Committee is 2 years and may be renewed upon expiration. This Exchange may modulate the term of tenure and the number of tenures of the members of the Listing Committee as required. Article 7 A member of the Listing Committee shall meet the requirements as follows: (1) Getting familiar with the related laws and administrative regulations on and state policies for securities; (2) Getting familiar with securities operations and the operating regulations of this Exchange; (3) Having a good reputation within his sector and having no record of being punished for any criminal or administrative or any disciplinary (4) Adhering to the related principles, being honest and clean and strictly observing the law; and (5) Meeting any other requirement required by this Exchange. Article 8 When discharging his functions and duties, a member of the Listing Committee shall observe the provisions as follows: (1) Showing due diligence and accountability and systematically reviewing the related materials in an all-round way; (2) Attending the examination in accordance with the related requirements, independently putting forward his opinions and perform his (3) Not accepting any present from any unit or individual pertinent to the examined items and not secretly contacting any of the aforesaid (4) Keeping confidential all state secrets and commercial secrets of the relevant entities obtained in discharging his duties and functions (5) Not seeking any interest for himself or any other person by taking advantage of the non-public information obtained in discharging (6) Meeting other requirement made by this Exchange. Article 9 If meeting any of the circumstances as follows, a member of the Listing Committee shall be dismissed by this Exchange: (1) Failing to meet the requirements prescribed in Article 7 of the current Provisions; (2) In violation of the provisions in Article 8 of the current Provisions and the circumstances are serious; (3) Failing to attend the examination for not less than 2 times during his term of office; (4) Applying for leaving office himself; or (5) Meeting any other circumstance prescribed by this Exchange. Article 10 An examination shall be carried out by 7 members selected by this Exchange from the Listing Committee, among whom the number of the Article 11 In case a member that has been selected by this Exchange to attend an examination has any direct or indirect interest relationship Article 12 A working group of the Listing Committee (hereinafter referred to as the working group) shall be set up within listed company department (1) Accepting the IPO application materials; (2) Making sure whether the selected members can attend the examination; (3) Submitting the examination materials to the related members; (4) Attending the examination meeting and taking the meeting minutes; (5) Making Decisions on Examination and sending them on the related applicants; and (6) Dealing with any other matter required by the Listing Committee. Chapter III Procedures for Examination Article 13 If an issuer applies for listing or re-listing in accordance with the provisions of items (1) and (2) in Article 2 of the current Article 14 If any suspension or termination of listing to the securities as listed in this Exchange, the related business departments of this Article 15 If an issuer believes that any member of the Listing Committee who has been publicized by this Exchange has any direct interest relation If an issuer believes that any member of the Listing Committee who has been publicized by this Exchange to the general public has This Exchange shall determine whether the related members shall withdraw or not upon examination. Article 16 Before making an examination, the working group shall deliver the related materials to the members participating in the examination. Article 17 If any member designated to attend an examination finds out that he shall withdraw or fails to attend the examination for any special Article 18 If the Listing Committee holds a meeting for examination, the meeting shall be presided over by the convener designated by this Exchange (1) If the number of members to participate in the examination meeting reaches the prescribed headcount, the members shall fill out the (2) The convener organizes the members to put forward their views on the examined items one by one; (3) The convener make a summarization on the major examination opinions of the members to formulate the examination opinions of the examination (4) The members make confirmation on the examination meeting minutes and the records of examination opinions and sign their signatures (5) The members take votes; and (6) The working group makes supervision on the voting and makes summarization on the result thereof; (7) The convener makes announcement about the result of voting; and (8) The members sign their names on the voting results of the examination meeting. Article 19 If any member participating in an examination believes it necessary, he may request this Exchange to give notice to the related applicant Article 20 The Listing Commission shall make examination on the to-be-examined items in a one-off manner. If any big issue is yet to be verified Article 21 The voting of examined items shall be subject to open ballot. Each member participating in an examination has one vote. An examination Article 22 This Exchange shall make a determination on the examined matters as prescribed by the provisions of Article 2 of the current Provisions Article 23 Where an applicant, related agency or the representative thereof makes, when submitting the related materials or being interrogated, Article 24 If a securities issuer is dissatisfied with any determination made by this Exchange, he may give an application to the Review Committee Chapter IV Supplementary Provisions Article 25 The current Provisions shall put into operation after being employed by the Council of this Exchange upon deliberation. The revision Article 26 The current Provisions shall go into effect as of the day of promulgation. |
Shanghai Stock Exchange
2006-06-12