Are there any precautions before the split?

Matters needing attention in split listing: (1) Define the restrictive standards for split listing of enterprises. Because the split listing will inevitably have a significant impact on the enterprise itself, stakeholders and even the capital market, not every listed company's resources and conditions are suitable for split. Therefore, it is necessary to scientifically set the qualification conditions for the spin-off listing of listed companies and clarify the restrictive standards for the spin-off. (II) Standardizing the operating procedures of spin-off and listing; spin-off and listing of listed companies is of great significance to listed companies. Among the related parties of listed companies, the party in a strong position often uses its dominant position to make decisions that harm the interests of minority shareholders, creditors, company employees and other vulnerable parties, because their interests are not completely consistent with those of other stakeholders. Therefore, in the process of spin-off, we should pay special attention to the procedural justice of the spin-off of listed companies, standardize and control the links that may have greater risks in the process of spin-off, clarify the decision-making procedures and application procedures, and fully reflect the protection of the rights and interests of shareholders and investors. (3) Pay attention to the protection of the rights and interests of stakeholders. Because the spin-off listing involves the changes of the assets of the parent company, it has a great impact on the interests of shareholders and creditors of the parent company, especially the protection of the interests of minority shareholders needs to be clarified through institutional arrangements. In fact, standardizing the spin-off listing procedure is closely related to protecting the rights and interests of stakeholders. (4) Strengthen the supervision on the information disclosure of spin-off listing, paying special attention to the information disclosure of spin-off listing of listed companies and the spin-off listing of Sunshine Operation. The information disclosure regulations of split listing of listed companies are stricter. The regulatory authorities shall formulate special disclosure rules for spin-off listing information, stipulating the spin-off agreement, financial consultant's report, independent directors' opinions, the degree of correlation between the proposed spin-off business and the main business of the parent company, and the disclosure procedures and methods. Some provisions on strengthening the protection of shareholders' rights and interests of social public shares