The requirements for listing the company's New Third Board are as follows:
company law
Article 76 Conditions for the establishment of a joint stock limited company
To establish a joint stock limited company, the following conditions shall be met: (1) the promoters meet the quorum; (2) It has the total amount of capital subscribed or paid-in by all promoters in accordance with the articles of association; (3) The issuance and offering of shares comply with the law; (4) The promoters shall formulate articles of association, which shall be adopted by the founding meeting; (5) Having a company name and establishing an organization meeting the requirements of a joint stock limited company; (6) Having a company domicile.
Article 77 Mode of establishment
The establishment of a joint stock limited company can be initiated or raised. A promoter refers to a company established by the promoters who subscribe for all the shares that should be issued by the company. The establishment by public offering means that the promoters subscribe for part of the shares that should be issued by the company and raise the remaining shares to the public or specific objects to establish the company.
Legal objectivity:
Article 13 of the Securities Law of People's Republic of China (PRC) A company that publicly issues new shares shall meet the following conditions: (1) It has a sound organizational structure; (2) It is profitable continuously and in good financial condition; (3) There are no false records in the financial accounting documents in the last three years, and there are no other major illegal acts; (4) Other conditions as stipulated by the the State Council Securities Regulatory Authority approved by the State Council. Non-public issuance of new shares by listed companies shall meet the requirements stipulated by the securities regulatory authority of the State Council approved by the State Council, and shall be reported to the securities regulatory authority of the State Council for approval.