Do listed companies have to join the Association of Listed Companies?

However, the Association of Listed Companies in China was established according to the Securities Law of People's Republic of China (PRC), Regulations on the Administration of Registration of Social Organizations and other laws and regulations. It is a national self-regulatory organization composed of listed companies and related institutions, which is linked by the unified norms of the capital market and safeguards the legitimate rights and interests of its members. It is a non-profit social organization legal person, and the China Securities Regulatory Commission is its competent business department. China Association of Listed Companies takes "service, self-discipline, standardization and promotion" as its basic duty, and is committed to improving the quality of listed companies, improving corporate governance, promoting the establishment of a good corporate culture, and wholeheartedly building a high-end service platform for listed companies, thus promoting the improvement of the quality of the entire capital market. China Association of Listed Companies takes members as the main body, and constructs a governance structure in which members' congress, board of directors and board of supervisors operate in coordination. Committed to building a new social intermediary organization, actively expressing members' development demands, safeguarding members' overall interests, providing high-end professional services, self-discipline and standardizing demand, thus promoting the maturity and perfection of the capital market system.