What is the significance of converting net assets into shares?

The conversion of net assets into shares is stipulated in accordance with the standard opinions of joint-stock companies, that is to say, all the assets of the original enterprise must be invested in the company when it is reorganized into a joint-stock company.

If a limited liability company is converted into a joint stock limited company according to the original book net asset value, the continuous operation time can be calculated from the date of establishment of the limited liability company and reach more than 3 years.