legal ground
Article 89 of the Securities Law of People's Republic of China (PRC)
To make an offer for purchase in accordance with the provisions of the preceding article, the purchaser must announce the acquisition report of the listed company and specify the following items: (1) the name and domicile of the purchaser; (2) the acquisition decision of the purchaser. (3) The name of the acquired listed company. (4) the purpose of the acquisition; (5) The detailed name of the shares to be purchased and the amount of the shares to be purchased; (six) the purchase period, the purchase price; (seven) the amount of funds required for the acquisition and the guarantee of funds; (8) The ratio of the number of shares held by the acquired company to the total issued shares of the company when the acquisition report of the listed company is published.