2. The proportion of branches can be agreed;
3. The proportion of capital contribution should still be consistent with the proportion of shares held;
4. According to the conditions of listed companies and the securities law.
Article 12 To set up a joint stock limited company to publicly issue shares, it shall meet the conditions stipulated in the Company Law of People's Republic of China (PRC) and other conditions stipulated by the securities regulatory authority of the State Council approved by the State Council, and submit an application for offering shares and the following documents to the securities regulatory authority of the State Council:
(1) Articles of Association;
(2) Sponsor agreement;
(3) The name of the promoters, the number of shares subscribed by the promoters, the type of capital contribution and the capital verification certificate;
(4) the prospectus;
(5) The name and address of the bank that collects the shares;
(6) The name of the underwriting institution and relevant agreements.
Where a sponsor is hired in accordance with the provisions of this law, a letter of recommendation for issuance issued by the sponsor shall also be submitted.
Where laws and administrative regulations stipulate that the establishment of a company must be approved, the corresponding approval documents shall also be submitted.
Article 13 A company that publicly issues new shares shall meet the following conditions:
(1) Having a sound organizational structure;
(2) It is profitable continuously and in good financial condition;
(3) There are no false records in the financial accounting documents in the last three years, and there are no other major illegal acts;
(4) Other conditions as stipulated by the the State Council Securities Regulatory Authority approved by the State Council.
Non-public issuance of new shares by listed companies shall meet the requirements stipulated by the securities regulatory authority of the State Council approved by the State Council, and shall be reported to the securities regulatory authority of the State Council for approval.