A joint stock limited company with no more than 200 shareholders (including 200) at the time of application directly applies to the National Small and Medium Enterprise Share Transfer System Co., Ltd. (hereinafter referred to as "National Share Transfer System Company") for listing; A joint-stock company with more than 200 shareholders at the time of application shall, after obtaining the approval documents from the China Securities Regulatory Commission, apply to the National Share Transfer System Company for listing procedures.
(2) Its business is clear and it has the ability of continuous operation;
Mainly refers to the company's focus on its main business. Since its establishment, the company has continued to operate and has the ability to continue to operate. If the company continues to lose money two years before listing, it may affect its listing.
(3) The corporate governance mechanism is sound and its operation is legal and standardized;
At present, many corporate governance is not standardized, for example, the articles of association are just a decoration and have not been implemented.
(4) The equity is clear, and the issuance and transfer of shares are legal and compliant;
The number of shares entrusted by the "New Third Board" is "shares". The company's establishment, capital contribution and capital increase are legal and compliant, the company's previous equity transfer is legal and compliant, the company's equity is clear, and there are no legal disputes or potential legal disputes.
(5) Sponsoring brokerage recommendation and continuous supervision;
The "New Third Board" is a securities company that sponsors brokers and also underwrites sponsorship business and brokerage business. The enterprise shall be recommended by the sponsoring brokerage firm, and both parties shall sign the Agreement on Recommended Listing and Continuous Supervision; The sponsoring brokerage firm shall complete due diligence and core procedures, express independent opinions on whether the company meets the listing conditions, and issue a recommendation report.
(6) Other conditions required by the National Share Transfer System Corporation.
Legal basis: People's Republic of China (PRC) Company Law.
Article 6 To establish a company, it shall apply to the company registration authority for registration of establishment according to law. Those that meet the conditions for establishment as stipulated in this Law shall be registered as limited liability companies or joint stock limited companies respectively by the company registration authority; Those who do not meet the conditions for establishment as stipulated in this Law shall not be registered as a limited liability company or a joint stock limited company.
Where laws and administrative regulations stipulate that the establishment of a company must be approved, the approval procedures shall be handled according to law before the company is registered. The public may apply to the company registration authority to inquire about the registered items of the company, and the company registration authority shall provide inquiry services.
Article 7 A company established according to law shall be issued a business license by the company registration authority. The date of issuance of the business license of the company is the date of establishment of the company. The company's business license shall specify the company's name, domicile, registered capital, business scope, name of legal representative and other matters. Where the matters recorded in the company's business license change, the company shall register the change according to law, and the company registration authority shall issue a new business license.