Sometimes, the company will remain silent for a period of time before the first day of listing or a few weeks after listing. This is the so-called silent period. But sometimes, companies will use the silence period as an excuse not to provide information to investors.
Provisions on silent period in GEM:
The Interim Measures for the Administration of Initial Public Offering on Growth Enterprise Market clearly stipulates that before the application documents are accepted, the issuer's application for issuance is approved by the China Securities Regulatory Commission and the prospectus is published in accordance with the law, the issuer and the parties concerned in this issuance shall not publicize the public offering of shares by means of advertisements or briefings.
However, the main board issue lacks relevant regulations. This provision was supplemented when the Measures were revised. It is reported that the CSRC will also add relevant regulations when revising the management measures for the initial issuance of the main board.