The difference between a business plan and a prospectus

The business plan is a written material that comprehensively demonstrates the current status and future development potential of the company and the project in order to achieve investment and financing and other development goals, and the main intention is to submit it to investors, so that they can make a judgment on the enterprise or project, so that the enterprise can obtain financing.

The prospectus is a written notice issued by the joint-stock company on the issue of shares when it is publicly issued, and the prospectus is one of the necessary documents for the issuance, which needs to be reviewed and approved by the management agency.

The prospectus generally includes the following contents: 1. The cover page of the prospectus; 2. Prospectus Catalogue; 3. The body of the prospectus. Usually contains:

Key information, interpretation, introduction, relevant parties to the IPO, risk factors and countermeasures, use of raised funds, dividend distribution policy, capital verification report, underwriting, issuer information; 4. Appendices to the prospectus; 5. Prospectus for reference.

[Legal basis].Company Law of the People's Republic of China Article 126 The principle of fairness and impartiality shall be applied to the issuance of shares, and each share of the same type shall have the same rights.

For the same type of issuance of **, the issuance conditions and ** per share shall be the same; The same price shall be paid for each share subscribed by any unit or individual.

1.This includes the following:

the number of shares subscribed by the promoter; par value and issue per share**; the total number of issuances in bearer**; the rights and obligations of the subscribers; The start and end period of this offering and the explanation that the subscriber may withdraw the subscribed shares if the subscription is not fully raised within the time limit.

2.It includes the following sections:

cover, spine, title page, table of contents, paraphrases; Overview; an overview of the Offering; risk factors; Basic information of the issuer; business and technology; intra-industry competition and related party transactions; directors, supervisors, senior management and core technical personnel; corporate governance structure; financial and accounting information; business development goals; use of IPO funds; issue pricing and dividend distribution policy; other important matters; Statements by directors and relevant intermediaries; Appendices and documents for reference.

Prospectus Catalogue; 3.the body of the prospectus; (1) Key Information (2) Interpretation (3) Introduction (4) Relevant Parties to the Offering of New Shares (5) Risk Factors and Countermeasures (6) Use of Raised Funds (7) Dividend Distribution Policy (8) Capital Verification Report (9) Underwriting (10) Issuer (11) Issuer Articles of Association Excerpt (12) Directors, Supervisors, Senior Managers and Key Employees (13) Operating Performance (14) Stock Fortune (15) Debt (16) Major Fixed Assets (17) Financial and Accounting Information (18) Asset Appraisal (19) Profit** (20) Company Development Plan (21) Important Contracts and Major Litigation (22) Other Important Matters (23) Signed Opinions of Board Members and Syndicate Members 4Appendices to the Prospectus; 5.

Prospectus for reference. Article 86 of the Company Law.

The prospectus shall contain the following contents: the number of shares subscribed by the initiator, the total number of shares to be issued, the par amount of each share and the issuance**, the specific purpose of the raised funds, and the relevant rights and obligations of the subscribers.

Legal basis] Article 85 of the Company Law of the People's Republic of China.

When the promoter publicly raises shares from the public, it must announce the prospectus and prepare a letter of caution for stock subscription. The subscription letter shall specify the matters listed in Article 86 of this Law, and the subscriber shall fill in the number of shares subscribed, the amount and the address, and sign and seal it. The subscriber pays the amount of shares according to the number of shares subscribed.

Article 86.

The prospectus shall be accompanied by the articles of association formulated by the promoters and shall contain the following matters:

1) the number of shares subscribed by the promoter;

2) par amount and issue per share**;

3) the total number of bearer** issuances;

4) the purpose of raising funds for scattered meditation;

5) the rights and obligations of the subscribers;

6) The start and end period of the offering and the explanation that the subscriber can withdraw the subscribed shares when the subscription is not fully raised within the time limit.