A holding subsidiary of a listed company may not purchase shares issued by the listed company. If you do hold shares for special reasons, you should eliminate the situation according to law within one year. Before the above situation is eliminated, the relevant subsidiaries shall not exercise the voting rights corresponding to the shares they hold.
A listed company shall stipulate the convening, convening and voting procedures of the shareholders' meeting in its articles of association, formulate the rules of procedure for the shareholders' meeting, and include them in or attach them to the articles of association. The shareholders' meeting shall set up a meeting place and be held in the form of on-site meeting. The time and place of the on-site meeting shall be convenient for shareholders.
After the notice of the shareholders' meeting is issued, the location of the on-site meeting of the shareholders' meeting shall not be changed without justifiable reasons. If it is really necessary to change, the convener shall make an announcement at least 2 trading days before the on-site meeting and explain the reasons. Listed companies should provide online voting to facilitate shareholders to attend shareholders' meetings. Shareholders who attend the shareholders' meeting in the above manner are deemed to be present.
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On April 30th, the Shanghai Stock Exchange announced the revision of the Stock Listing Rules of Science and Technology Innovation Board Stock Exchange and Shanghai Stock Exchange, and the Shenzhen Stock Exchange also announced the revision of the Stock Listing Rules of Shenzhen Stock Exchange and the Stock Listing Rules of Growth Enterprise Market of Shenzhen Stock Exchange on the same day.
The amendments of the two firms are similar, including three aspects, namely, clarifying the procedures for the appointment and removal of directors; It is clear that listed companies provide convenience for shareholders to attend the shareholders' meeting; It is also clear that listed companies may not form cross-shareholdings. The main reason is that the regulatory authorities consider that cross-shareholding may lead to inflated assets and unclear ownership structure.
Phoenix. Com- Shanghai and Shenzhen Stock Exchanges revise listing rules: it is clear that listed companies are not allowed to cross-hold shares.