Chapter One: General Provisions
Article One: In order to regulate the behavior of non-public stock issuance by listed companies, this detailed rule is formulated in accordance with the relevant provisions of the Measures for the Administration of Securities Issuance by Listed Companies (CSRC Order No. 30, hereinafter referred to as the Measures).
Article Two: The non-public issuance of stocks by listed companies should help to reduce related party transactions, avoid competition among peers, and enhance independence; it should also help improve asset quality, financial conditions, and sustainable profitability.
Article Three: Directors, supervisors, senior management personnel of listed companies, sponsors and underwriters, professionals and their institutions that issue special documents for this issuance, as well as controlling shareholders, actual controllers, and their informed individuals of listed companies...