Legal basis: Article 8 of the Interim Regulations on the Administration of Stock Issuance and Trading shall meet the following conditions for the establishment of a joint stock limited company to apply for public offering of shares:
(a) production and operation in line with the national industrial policy;
(2) The common shares issued by it are limited to one type, and the same shares have the same rights;
(3) The share capital subscribed by the promoters shall not be less than 35% of the total share capital to be issued by the company.
(4) Unless otherwise stipulated by the state, the shares subscribed by the promoters shall not be less than RMB 30 million.
(5) The shares to be issued to the public shall not be less than 25% of the total share capital to be issued by the company, and the share capital subscribed by the employees of the company shall not exceed 65,438+00% of the total share capital to be issued to the public; If the total share capital to be issued by the company exceeds 400 million yuan, the China Securities Regulatory Commission may, at its discretion, reduce the proportion of this part to be publicly issued to the public according to regulations, but the minimum amount shall not be less than 65,438+00% of the total share capital to be issued by the company;
(6) The promoters have not committed any major illegal acts in the last three years;
(7) Other conditions stipulated by the CSRC.