2. After the establishment of a joint stock limited company, the issuer must continue to operate for more than 3 years, unless it is approved by the State Council. Where a limited liability company is fully converted into a joint stock limited company according to the original book net asset value, the time for continuous operation can be calculated from the date of establishment of the limited liability company.
3. The registered capital of the issuer must have been paid in full, and the procedures for the transfer of property rights of the assets contributed by the promoters or shareholders must have been completed. The issuer's main assets cannot involve major property rights disputes.
4. The production and operation of the issuer must comply with the provisions of laws, administrative regulations and the Articles of Association, and at the same time comply with the national industrial policy.
5. The issuer's main business, directors and senior management personnel have not changed significantly in the last three years, and the actual controller has not changed.
6. The issuer's shareholding structure must be clear, and the issuer's shares held by the controlling shareholder, the controlled shareholder and the actual controller cannot involve major property rights disputes.
What does A-share listing mean?
A-share listing means that the company is listed on A-share, and listing is listing. The full name of A shares is RMB ordinary shares, and the issuer is a company in Chinese mainland. Enterprises can issue shares when A shares are listed. The company issues shares mainly to raise funds for the company's development, and investors earn the difference by buying and selling the company's shares. One is through IPO and the other is through backdoor listing.