Legal basis: Article 18 of the Measures for the Administration of Information Disclosure of Corporate Credit Bonds. During the duration of bonds, when an enterprise has a major event that may affect its solvency or investors' rights and interests, it shall disclose it in time, and explain the reasons, current situation and possible impact of the event.
The major issues mentioned in the preceding paragraph include but are not limited to:
(a) the name of the enterprise changes, the ownership structure or the production and operation situation changes significantly;
(2) The enterprise changes the financial report auditing institution, the bond trustee or the institution with the same responsibilities (hereinafter referred to as the trustee) or the credit rating institution;
(3) More than one-third of the directors, more than two-thirds of the supervisors, the chairman of the board, the general manager or persons with the same responsibilities have changed;
(4) The legal representative, chairman of the board of directors, general manager or persons with the same responsibilities of the enterprise are unable to perform their duties;
(five) the change of the controlling shareholder or actual controller of the enterprise;
(six) the enterprise has a major asset mortgage, pledge, sale, transfer, scrap, free transfer, major investment or major asset restructuring;
(7) The enterprise has a serious loss exceeding 10% of its net assets at the end of last year;
(8) The enterprise gives up its creditor's rights or its property exceeds 10% of its net assets at the end of last year;
(nine) the equity and management rights of the enterprise involve entrusted management;
(10) The enterprise loses actual control over its important subsidiaries;
(eleven) the bond guarantee situation changes, or the credit rating of the bond changes;
(12) Obligation of the enterprise to transfer bonds to pay off debts;
(13) The enterprise's one-time commitment to other people's debts exceeds 10% of the net assets at the end of last year, or the new loans and external guarantees exceed 20% of the net assets at the end of last year;
(14) The enterprise fails to pay off due debts or restructure debts;
(15) The enterprise is suspected of violating laws and regulations, has been placed on file for investigation by the competent authority, has been subjected to criminal punishment, major administrative punishment or administrative supervision measures, has been punished by market self-regulatory organizations related to bond business, or has serious dishonesty;
(16) The legal representative, controlling shareholder, actual controller, directors, supervisors and senior managers of the enterprise are suspected of violating laws and regulations, investigated by the competent authorities, take compulsory measures, or have serious dishonesty;
(seventeen) the enterprise is involved in major litigation and arbitration;
(eighteen) the assets of the enterprise that may affect its solvency are sealed up, detained or frozen;
(19) The enterprise distributes dividends, decides to reduce capital, merge, split, dissolve and apply for bankruptcy, or enters bankruptcy proceedings according to law and is ordered to close down;
(twenty) the enterprise involved in market rumors need to be explained;
(twenty-one) other matters that should be disclosed as agreed in the prospectus or promised by the enterprise;
(22) Other matters that may affect its solvency or the rights and interests of investors.
When the above-mentioned disclosure matters make significant progress or changes, enterprises should also fulfill their information disclosure obligations in a timely manner.