Administration of the Buyback by Listed Companies of Their Public Shares Procedures (Trial Implementation)

上市公司回购社会公众股份管理办法 (试行)

These Procedures provide the necessary conditions and procedures for a listed company to buy back its public shares.

(Issued by the China Securities Regulatory Commission on, and effective as of, June 16 2005.)

(中国证券监督管理委员会于二零零五年六月十六日发布，自发布之日起施行。)

Zheng Jian Fa [2005] No.51

证监发 [2005] 51 号

PART ONE: GENERAL PROVISIONS

Article 1: These Procedures have been formulated pursuant to the Company Law, the Securities Law, the Administration of the Issuing and Trading of Shares Tentative Regulations and other related laws and administrative regulations, in order to regulate buybacks by listed companies of their public shares.

第一章总则

Article 2: For the purposes of