The Measures for the Administration of Securities Issuance of Listed Companies has corresponding provisions:
Article 6 A listed company has a sound organizational structure and good operating conditions, and meets the following requirements:
(1) The articles of association of the company are legal and valid, and the system of shareholders' meeting, board of directors, board of supervisors and independent directors is sound and can effectively perform their duties;
(2) The company has a sound internal control system, which can effectively guarantee the effectiveness, legal compliance and reliability of the company's financial report; There are no major defects in the integrity, rationality and effectiveness of the internal control system;
(3) The current directors, supervisors and senior managers are qualified for the post and can faithfully and diligently perform their duties;
(4) There is no illegal act of providing external guarantee in the past twelve months.
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Relevant provisions of the Measures for the Administration of Securities Issuance of Listed Companies:
Article 20 The public offering of convertible corporate bonds shall be guaranteed, except for companies whose audited net assets are not less than/kloc-0.5 billion yuan at the end of the first period. Where a guarantee is provided, it shall be a full guarantee.
The scope of guarantee includes bond principal and interest, liquidated damages, damages and expenses for realizing creditor's rights. Where a guarantee is provided by way of guarantee, it is a joint liability guarantee, and the guarantor's first audited net assets are not less than the accumulated amount of external guarantee.
Article 21 Convertible corporate bonds can only be converted into company stocks six months after the date of issuance, and the conversion period shall be determined by the company according to the duration of convertible corporate bonds and the company's financial situation.
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