Legal basis: Measures for the Administration of Major Asset Restructuring of Unlisted Public Companies
Article 13 When a public company carries out major asset reorganization, it shall be decided by the board of directors according to law and submitted to the shareholders' meeting for deliberation.
Article 14 When a public company holds a board meeting to decide on major asset restructuring, it shall disclose this major asset restructuring report, independent financial consultant report, legal opinion, audit report and asset evaluation report (or asset evaluation report) involved in the restructuring at the same time as making the resolution. The board of directors shall also make arrangements for the convening of the shareholders' meeting and disclose it.
Article 23 After completing the relevant examination and approval procedures, a public company shall implement the reorganization plan in time, and prepare and disclose the implementation report and the professional opinions of independent financial consultants and lawyers within 2 working days from the date of completion of this major asset reorganization.