1. When holding 5% of the shares with voting rights, it shall make a written report to the the State Council Securities Regulatory Authority and the stock exchange, and notify and announce the listed company;
2. Issue an offer and announce the acquisition report of the listed company;
3. During the acquisition period, the acquirer purchases the shares of the acquired company in the form and under the conditions stipulated in the offer.
legal ground
Article 63 of the Securities Law of People's Republic of China (PRC)
When an investor holds or shares with others 5% of the voting shares issued by a listed company through securities trading in a stock exchange, it shall, within three days from the date of this fact, make a written report to the the State Council Securities Regulatory Authority and the stock exchange, notify the listed company and make an announcement, and shall not buy or sell the shares of the listed company again within the above-mentioned time limit, unless otherwise stipulated by the the State Council Securities Regulatory Authority.