Legal analysis: Directors, supervisors and senior managers of both main board and GEM companies are not allowed to transfer their shares within one year from the date of listing of the company's shares and within half a year after leaving the company. After the expiration of the one-year lock-in, those who intend to buy or sell the company's shares during their term of office shall report to the Exchange for the record in advance in accordance with relevant regulations.
Legal basis: Article 12 1 of People's Republic of China (PRC) Company Law. If a listed company purchases or sells major assets within one year or the amount of guarantee exceeds 30% of the company's total assets, it shall make a resolution at the shareholders' meeting, which shall be passed by more than two-thirds of the voting rights held by the shareholders present at the meeting.