Can small and medium-sized listed companies provide financial support for company executives, controlling shareholders, actual controllers and their holding subsidiaries?

According to Article 7.4.5 of Guidelines for Standardized Operation of Listed Companies on SME Board of Shenzhen Stock Exchange (revised in 2065438+2005), listed companies shall not provide financial assistance such as funds for directors, supervisors, senior managers, controlling shareholders, actual controllers and their holding subsidiaries.

Where the company provides financial assistance such as funds to its holding subsidiaries and shareholding companies with a shareholding ratio of less than 50%, the holding subsidiaries and other shareholders of the shareholding companies shall, in principle, provide financial assistance in proportion to their capital contribution under the same conditions. If other shareholders fail to provide financial assistance to the company's holding subsidiaries or shareholding companies with the same conditions or capital contribution ratio, they shall explain the reasons and disclose the counter-guarantee and other measures that the company has asked the above-mentioned other shareholders to take.

Where the company provides financial assistance such as funds to its holding subsidiaries and joint-stock companies, and one or more of the other shareholders of the holding subsidiaries and joint-stock companies are the controlling shareholders, actual controllers and related parties of the company, the related shareholders shall provide financial assistance with the same conditions according to the proportion of capital contribution. If the related shareholders fail to provide financial assistance with the same conditions or investment ratio to the company's holding subsidiaries or shareholding companies, the company shall submit the above-mentioned foreign financial assistance matters to the shareholders' meeting for consideration, and the shareholders related to this matter shall abstain from voting.

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