(1) The shares held by shareholders can be freely transferred according to law.
(2) Shareholders' transfer of their shares must be conducted at a legally established securities exchange or by other means stipulated by the State Council. Registered shares shall be transferred by endorsement or by other means prescribed by laws and administrative regulations, and the name and domicile of the transferee shall be recorded in the register of shareholders of the company. The transfer of bearer shares shall take effect immediately upon delivery to the transferee.
(3) The Company Law has the following restrictive provisions on share transfer: First, the share transfer must be conducted in a legally established stock exchange or in other ways stipulated by the State Council. Two, the transfer of registered shares, the shareholders' meeting held within 20 days before or the company decided to distribute dividends within 5 days before the benchmark date, the change of the register of shareholders may not be registered. III. The shares of the Company held by the promoters shall not be transferred within 1 year from the date of establishment of the Company. The shares issued before the public offering of the company's shares shall not be transferred within 1 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 declare their shares and their changes to the company. During their term of office, the shares transferred each year shall not exceed 25% of the total shares held by them, and the shares held by them shall not be transferred within 65,438+0 years from the date of listing and trading of the company's shares. Fourth, a company may not buy its own shares, except that it cancels its shares in order to reduce the company's capital and merges with other companies that hold its own shares, and rewards its employees with its own shares, except that shareholders request the company to buy its own shares because they oppose the merger or division resolution made by the shareholders' meeting.