According to the "Guidelines for the Standardized Operation of Listed Companies on the Main Board of Shenzhen Stock Exchange" (revised 20 15), the analysis is as follows: Article 6.4. 1 of ABC 3, listed companies are deemed to change the use of raised funds under the following circumstances: ① cancel the original raised funds and implement new projects; (2) change the implementation subject of the raised funds investment project (except that the implementation subject is changed from a listed company to a wholly-owned subsidiary or a wholly-owned subsidiary to a listed company); (3) Change the implementation mode of investment projects with raised funds; (4) Other circumstances identified by this Exchange that change the use of the raised funds. Article 6.4.2 stipulates that a listed company shall change the use of raised funds only after the board of directors and the shareholders' meeting have deliberated and passed the proposal on changing the use of raised funds.
Item d of Article 6.4.7 stipulates that if a listed company changes the implementation place of the investment project with raised funds, it shall be reviewed and approved by the board of directors and announced within 2 trading days, explaining the change, reasons, impact on the implementation of the investment project with raised funds and opinions issued by the sponsor.