1, listed and traded on the legally established stock exchange;
2. Adopt an open centralized trading method;
3. The transferor and the transferee reach an agreement on equity transfer and sign the transfer agreement;
4. Go through the delivery formalities.
Legal basis: Article 144 of the Company Law of People's Republic of China (PRC), the listing of shares of listed companies shall be conducted in accordance with relevant laws, administrative regulations and trading rules of stock exchanges.
People's Republic of China (PRC) Securities Law
Article 37 The publicly issued securities shall be listed and traded on the legally established stock exchange or other national stock exchange sites approved by the State Council. Non-public offering of securities can be transferred in stock exchanges, other national securities trading places approved by the State Council and regional equity markets established in accordance with the provisions of the State Council.
Article 38 When securities are listed and traded on a stock exchange, the open centralized trading method or other methods approved by the the State Council Securities Regulatory Authority shall be adopted.