1. The stock is publicly issued with the approval of the State Council Securities Regulatory Authority.
2. The total share capital of the company is not less than RMB 30 million.
3. The publicly issued shares account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares exceeds 10%.
4. The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records. Therefore, the company does not meet the listing conditions.