Can unlisted joint stock limited companies issue additional shares?

1. A joint stock limited company that is not listed and does not intend to list cannot issue shares, but can only subscribe for shares internally. Listed stocks can be traded in the secondary market; Unlisted stocks can also be traded among major shareholders, but not on the Shanghai Stock Exchange, Shenzhen Stock Exchange and the New Third Board.

2. Stock is the ownership certificate issued by the joint-stock company, and it is a kind of valuable securities issued by the joint-stock company to all shareholders as the shareholding certificate for obtaining dividends and bonuses. Each share represents the shareholder's ownership of the basic unit of the enterprise. Behind every stock is a listed company. At the same time, every listed company will issue shares.