New year's review requirements for refinancing

Requirements are as follows

(1) Whether the commitment content meets the requirements of No.4 Supervision Guideline for Listed Companies-Commitment and Performance of Actual Controllers, Shareholders, Related Parties, Buyers and Listed Companies (CSRC Announcement [2013] No.55, hereinafter referred to as Guideline No.4). Promises must have a clear time limit for performance, and vague terms such as "as soon as possible" and "when the time is ripe" shall not be used. If the performance of the commitment involves industrial policy restrictions, the time limit for performance shall be specified on the basis of policy permission. The issuer shall fully disclose the specific content of the commitment, the way and time of performance, the analysis of performance ability, the risk and countermeasures of performance, and the restrictive measures in case of non-performance. Before making a promise, the parties shall analyze and demonstrate the realizability of the promised items and publicly disclose the relevant contents, and shall not promise to judge the obviously impossible items according to the current situation.

(two) if the commitment content does not meet the requirements of Guideline 4, the parties to the commitment shall regulate it, and the intermediary agency shall express its opinions on whether the regulated commitment content meets the requirements of Guideline 4. ..

(3) Whether the parties fail to perform or violate their commitments within the time limit. If the commitment fails to be fulfilled or the performance of the commitment will not be conducive to safeguarding the interests of listed companies, the commitment participants shall fully disclose the reasons and submit the matters of changing the commitment or exempting the performance of the commitment to the shareholders' meeting for deliberation, and the commitment participants and related parties shall abstain from voting. The independent directors and the board of supervisors shall express their opinions on whether the change plan proposed by the commitment party is legal and compliant, and whether it is conducive to protecting the interests of listed companies or investors. If the change plan has not been reviewed and approved by the shareholders' meeting and the commitment period expires, it shall be deemed that the commitment has not been fulfilled within the time limit.

(4) Whether the matter causes the controlling shareholder or actual controller to seriously damage the rights and interests of listed companies or seriously damage the legitimate rights and interests of investors.