Issued: April 20 2008
Effective: As of date of issuance
Applicability: The term “existing shares” in the Opinion refers to the shares subject to a lock-up period of companies listed
China Securities Regulatory Commission, Guiding Opinion on the Transfer of Existing Shares of Listed Companies that are Freed from Sale Restrictions
中国证券监督管理委员会上市公司解除限售存量股份转让指导意见
Locked-up shares from the share reform released.
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