2. According to the provisions of Article 44 of the Securities Law of People's Republic of China (PRC), the directors, supervisors and senior managers of listed companies sell their stocks or other securities with equity nature within six months after buying them, or buy them again within six months after selling them, and the proceeds shall be owned by the company, and the board of directors of the company shall recover the proceeds. However, the securities company holds more than 5% of the shares due to the purchase of after-sale surplus shares, unless there are other circumstances stipulated by the the State Council Securities Regulatory Authority.
3. Whoever, in accordance with Article 189 of the Securities Law of People's Republic of China (PRC) and in violation of the provisions of Article 44 of this Law, buys or sells shares of the company or other securities with equity nature shall be given a warning and fined not less than 100,000 yuan but not more than 1 million yuan.
4. According to the second paragraph of Article 141 of the Company Law of People's Republic of China (PRC), the directors, supervisors and senior managers of the company shall declare the shares they hold and their changes to the company, and the shares transferred each year during their term of office shall not exceed 25% of the total shares they hold; The shares held by the company shall not be transferred within one year from the date of listing and trading of the company's shares. The above-mentioned personnel shall not transfer their shares in the company within six months after leaving the company. The articles of association may make other restrictive provisions on the transfer of shares held by directors, supervisors and senior managers of the company.
Legal basis: Article 44 of the Securities Law of People's Republic of China (PRC). Shareholders, directors, supervisors and senior managers of listed companies and companies whose shares are traded on other national stock exchanges approved by the State Council hold more than 5% of the shares, and sell their shares or other securities with equity nature within six months after buying them, or buy them again within six months after selling them. The income thus generated belongs to the company, and the board of directors of the company shall recover its income. However, the securities company holds more than 5% of the shares due to the purchase of after-sale surplus shares, unless there are other circumstances stipulated by the the State Council Securities Regulatory Authority.
Shares or other securities with equity nature held by directors, supervisors, senior managers and natural person shareholders mentioned in the preceding paragraph include shares or other securities with equity nature held by their spouses, parents and children and held in other people's accounts.
If the board of directors of the company fails to implement the provisions in the first paragraph, shareholders have the right to require the board of directors to implement it within 30 days. If the board of directors of the company fails to implement it within the above-mentioned time limit, shareholders have the right to bring a lawsuit directly to the people's court in their own name for the benefit of the company.
If the board of directors of the company fails to implement the provisions of the first paragraph, the responsible directors shall bear joint liability according to law.
Article 189 Directors, supervisors and senior managers of listed companies and companies whose shares are listed on other national stock exchanges approved by the State Council, and shareholders holding more than 5% of the shares of the company, who violate the provisions of Article 44 of this Law, buy or sell the shares of the company or other securities with equity nature, shall be given a warning and fined100000 yuan or more1000000 yuan or less.
Paragraph 2 of Article 141 of the Company Law of People's Republic of China (PRC), the directors, supervisors and senior managers of the company shall report to the company the shares they hold and their changes, and the shares transferred each year during their term of office shall not exceed 25% of the total shares they hold; The shares held by the company shall not be transferred within one year from the date of listing and trading of the company's shares. The above-mentioned personnel shall not transfer their shares in the company within six months after leaving the company. The articles of association may make other restrictive provisions on the transfer of shares held by directors, supervisors and senior managers of the company.