2. Restrictions on the transfer of shares by promoters. Because the promoters have an important influence on the company, in order to protect the interests of the company, other shareholders and the public, prevent the promoters from using the established company for speculative activities and ensure the stable operation of the company for a period of time after its establishment, the company laws of various countries stipulate that the promoters' shares shall not be transferred within a certain period of time.
3. Restrictions on the transfer of shares held by directors, supervisors and senior managers of the company. The directors, supervisors and senior managers of the company shall report to the company the shares they hold and their changes, and the shares transferred each year during their term of office shall not exceed 25% of the total shares they hold; The shares held by the company shall not be transferred within one year from the date of listing and trading of the company's shares.
4. Restrictions on the company's acquisition of its own shares and acceptance of the company's shares as the pledge target.
Legal basis: People's Republic of China (PRC) Company Law.
Article 138 Shareholders shall transfer their shares in a legally established securities exchange or in other ways prescribed by the State Council.
Article 141 The shares of the Company held by promoters shall not be transferred within one year from the date of establishment of the Company. Shares issued before the public offering of shares by the company shall not be transferred within one year from the date of listing and trading of the company's shares on the stock exchange.
The directors, supervisors and senior managers of the company shall report to the company the shares they hold and their changes, and the shares transferred each year during their term of office shall not exceed 25% of the total shares they hold; The shares held by the company shall not be transferred within one year from the date of listing and trading of the company's shares. The above-mentioned personnel shall not transfer their shares in the company within six months after leaving the company. The articles of association may make other restrictive provisions on the transfer of shares held by directors, supervisors and senior managers of the company.