According to the relevant provisions of the Company Law, there are relevant provisions on restrictions on equity transfer of listed companies, which generally include:
First, the shares of the company held by the promoters shall not be transferred within 1 year from the date of establishment of the company;
2. The shares issued before the public offering of the company's shares shall not be transferred within 1 year from the date when the company's shares are listed and traded on the stock exchange;
Third, there are restrictions on the transfer of directors, supervisors and senior managers, including
1. The shares of the Company held by directors, supervisors and senior management personnel shall not be transferred within 1 year from the date of listing and trading of the Company's shares.
Second, directors, supervisors and senior management personnel shall not transfer more than 25% of the total shares of the company each year during their term of office.
Third, directors, supervisors and senior management personnel shall not transfer their shares of the company within 6 months after leaving office.
Finally, short-term trading is prohibited: directors, supervisors and senior managers of listed companies and shareholders holding more than 5% shares of listed companies are not allowed to sell within 6 months after buying, and they are not allowed to buy again within 6 months after selling.
Legal objectivity:
Company Law of the People's Republic of China
Article 120
A listed company as mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on a stock exchange.
Company Law of the People's Republic of China
Article 123
A listed company shall set up a secretary of the board of directors, who shall be responsible for the preparation, document keeping, shareholder information management and information disclosure of shareholders' meetings and board meetings.