Legal basis: Article 67 of the Securities Law of People's Republic of China (PRC) stipulates that when investors are not aware of a major event that may have a significant impact on the stock trading price of a listed company, the listed company shall immediately submit an interim report on the major event to the the State Council Securities Regulatory Authority and the stock exchange, and announce the legal consequences.
The following situations are the major events mentioned in the preceding paragraph:
(a) major changes in the company's business policy and business scope;
(2) the company's major investment behavior and major decisions on purchasing real estate;
(3) The conclusion of an important contract by the company may have an important impact on the company's assets, liabilities, rights and interests and operating results;
(4) The company has major debts and fails to pay off the due major debts;
(5) The company has suffered heavy losses or serious losses;
(6) Significant changes have taken place in the external conditions of the company's production and operation;
(seven) the company's directors, more than one third of the supervisors or managers have changed;
(8) Significant changes have taken place in the shareholding or control of the company by shareholders or actual controllers who hold more than 5% of the shares of the company;
(9) Deciding on capital reduction, merger, division, dissolution and filing for bankruptcy of the Company;
(10) In a major lawsuit involving the company, the resolutions of the shareholders' meeting and the board of directors are revoked or declared invalid;
(11) The company is put on file for investigation by judicial organs for suspected crimes, and the directors, supervisors and senior managers of the company are taken compulsory measures by judicial organs for suspected crimes;
(twelve) other matters stipulated by the the State Council securities regulatory authority.