Conditions and application methods for enterprises and overseas listings

1. Comply with China's laws, regulations and rules related to overseas listing.

2. The purpose of financing is in line with the national industrial policy, the policy on the use of foreign capital and the provisions of the state on the establishment of fixed asset investment projects.

3. The net assets shall not be less than 400 million yuan, the after-tax profit in the past year shall not be less than 60 million yuan, and there is growth potential, and the amount of financing shall not be less than 50 million US dollars according to the reasonable expected price-earnings ratio.

4. Have a standardized corporate governance structure and a relatively complete internal management system, and have a relatively stable senior management and a high management level.

5. After listing, the dividend distribution has reliable foreign exchange**, which is in line with the relevant provisions of the national foreign exchange management.

6. Other conditions stipulated by the CSRC.

1. What are the general conditions for listing?

According to Article 50 of the ** Law, the following conditions shall be met when applying for listing of shares:

1) ** Approved by the ***** regulatory authority for public issuance;

2) The total share capital of the company shall not be less than RMB 30 million;

3) The public offering of shares reaches more than 25% of the total number of shares of the company; If the total share capital of the company exceeds RMB 400 million, the proportion of shares issued to the public shall be more than 10%;

4) There have been no major violations in the past 3 years, and there are no false records in the financial accounting report. **The Exchange may stipulate listing conditions that are higher than those specified in the preceding paragraph, and report to the ***** regulatory authority for approval. In accordance with the provisions of the ** Law, the Shanghai ** Stock Exchange and the Shenzhen ** Stock Exchange have formulated their own ** listing rules and specifically stipulated the conditions for ** listing, but except for the "total share capital of the company shall not be less than RMB 50 million", it does not seem to be much different from the provisions of the ** Law.

2) Listing conditions of corporate bonds According to Article 57 of the ** Law, the company applying for listing and trading of corporate bonds shall meet the following conditions:

1) The maturity of the corporate bond is more than 1 year;

2) The actual issuance amount of corporate bonds shall not be less than RMB 50 million.

Second, how to go public.

The company goes through the following steps to go public:

1. Prepare the company's listing plan and feasibility report;

2. Hire a lawyer to intervene to improve the legal documents related to the company's management, improve the company's organizational structure in accordance with the provisions of the company law, and prepare and sort out the legal documents related to the company's listing.

3. Hire a certified public accountant to intervene in the audit of the company's listing, and improve the financial statements and original vouchers;

4. Hire a brokerage firm to conduct listing counseling (the counseling period is one year) and recommend;

5. The lawyer issues legal opinions and relevant listing legal documents to the CSRC for approval;

6. Examination and approval; 7. Listing;

8. Certified public accountants conduct financial audits of listed companies after they are listed.

1. Overseas listing.

Overseas listing refers to the issuance of domestic shares to overseas investors and public listing on overseas exchanges. There are two modes of overseas listing of Chinese enterprises: direct listing and indirect listing. The advantages of overseas listing include easier acceptance by all parties under applicable law, simpler approval procedures, wide range of negotiable**, convenient operation of equity and tax exemption.

2. Requirements for overseas listing of domestic enterprises.

Domestic shares that meet the conditions for overseas listing can apply to the China ** Regulatory Commission for overseas direct listing financing, and the CSRC will approve the listing application that meets the following conditions in accordance with the law:

1. The purpose of financing is in line with the national industrial policy, the policy on the use of foreign capital and the provisions of the state on the establishment of fixed asset investment projects;

2. The net assets of the applicant company shall not be less than 400 million yuan, the after-tax profit in the past year shall not be less than 60 million yuan, and the overseas financing amount shall not be less than 50 million US dollars;

3. Have a standardized corporate governance structure, a relatively complete internal management system and stable senior management;

4. Dividends and dividends after listing must have reliable foreign exchange** and comply with the relevant regulations of the national foreign exchange administration;

5. The applicant company shall submit the application materials in strict accordance with the procedures stipulated by the CSRC.

As the overseas direct listing of a domestic company is a systematic capital operation project, it requires the in-depth participation of intermediaries such as overseas referees, overseas managers, overseas accounting firms, and overseas law firms. To this end, the CSRC stipulates that a domestic company shall submit a written list of intermediaries to be selected to the CSRC for the record before determining an intermediary.

3. Required materials.

To introduce the materials required for overseas listing, it is mainly necessary to prepare the legal materials of the enterprise, the financial status of the enterprise, and the project information.

1. Legal information of the enterprise.

1) Industrial and commercial registration information (original and copy).

2) Tax registration information (national tax, local tax).

3) Organization ** certificate.

4) ID card and copy (or passport, legal person certificate, client certificate) of the representative of the person of Honai Zhichang

5) Loan card and photocopy.

6) Share capital structure, copies of ID cards of all shareholders, if there are corporate shareholders, please attach the enterprise registration license.

2. The financial status of the enterprise.

1) Financial balance sheet, profit and loss statement, cash flow statement, cost and expense statement.

2) Future investment use plan and fund repayment plan.

3. Project information.

1) Approval of project approval procedures or filing materials or approval certificates.

2) Project feasibility study report or detailed information of the project.

3) Other approvals of industry applications required for the construction of relevant national projects.

4) Introduction of the project company and management team.

The above are the materials required for overseas listing, and you need to be prepared when handling overseas listing.