What are the relevant regulations for major asset restructuring of listed companies?

Legal analysis: Directors, supervisors and senior managers of Shanghai Company should be honest and trustworthy, diligent and conscientious in major asset restructuring activities, safeguard the safety of the company's assets and protect the legitimate rights and interests of the company and all shareholders. Securities service institutions and personnel providing services for major asset restructuring shall abide by laws, administrative regulations and the relevant provisions of the China Securities Regulatory Commission, strictly perform their duties, and be responsible for the authenticity, accuracy and completeness of the documents they produce and issue. Securities service institutions and personnel specified in the preceding paragraph shall not instigate, assist or cooperate with clients to prepare or disclose reports and announcement documents with false records, misleading statements or major omissions, shall not engage in unfair competition, and shall not seek illegitimate interests by taking advantage of major asset reorganization of listed companies.

Legal basis: Measures for the Administration of Major Asset Restructuring of Listed Companies

Article 7 Any unit or individual shall have the obligation to keep confidential the information on major asset restructuring that it knows before it is disclosed according to law.

It is forbidden for any unit or individual to engage in illegal activities such as insider trading and manipulation of the securities market by using information on major asset restructuring.

Article 8 The China Securities Regulatory Commission shall supervise and manage the major asset restructuring of Shanghai companies according to law.

China Securities Regulatory Commission can review listed companies' applications for major asset restructuring or issuance of shares to purchase assets, and make differentiated regulatory system arrangements according to the standardized operation and credit status of listed companies, professional ability and quality of financial consultants, national industrial policies and types of restructuring transactions, and conditionally reduce the contents and links of the review.