What is the overall listing situation of the Group?

The overall listing of a group refers to the practice that a company converts its main assets and business into a joint-stock company. With the increasing demands of China Securities Regulatory Commission on the business independence of listed companies, overall listing has increasingly become the main way of initial public offering and listing.

According to the listing qualification of the stock exchange and the relevant provisions of the Company Law on listed companies, joint-stock companies must meet some hard accounting indicators if they want to go public. In order to achieve this goal, shareholders will generally split a large enterprise into two parts: the joint-stock company and the parent company, and put high-quality assets in the joint-stock company, as well as some assets that have nothing to do with the main business and have poor quality (such as canteens, kindergartens, loss-making assets, etc.). ) at the parent company. This is the split listing, and the joint-stock company can be used after the successful listing.