1. The funds raised by listed companies are not used for subsidiaries;
2. There is no horizontal competition between listed companies and their subsidiaries, and they promise not to engage in horizontal competition in the future;
3. The listed company has been profitable for three consecutive years;
4. The shares of subsidiaries directly or indirectly held by listed companies and their subsidiaries, directors, supervisors, senior managers and their related parties shall not exceed 65,438+00% of the shares of the subsidiaries before listing and issuance.