The reform of the third-level subsidiary, the examination and approval of the reform plan and the employee placement plan.

Generally speaking, whoever approves the record must first look at the superior department in charge of the state-owned assets department of your group company. The general city or SASAC only manages the second level of the group company. If the assets of the third-tier company are not very large, the group can report it for the record. Your reorganization documents and resettlement plan must also be reported to the group first. If the state-owned assets department of the group thinks it is necessary to report it, it will be reported to SASAC by the group, and the third-tier company will definitely not be allowed to go through this filing procedure. SASAC will not issue filing procedures for secondary companies and tertiary companies.