China Securities Regulatory Commission, Opinion on the Application of Securities and Futures Laws No.3: Opinion on the Application of the Provision “No Major Change Shall Have Occurred in the Issuer's Core Business During the Most Recent Three Years” of Article 12 of the «Measures for the Administration of Initial Public Offerings of Shares and the Listing Thereof»

中国证券监督管理委员会《首次公开发行股票并上市管理办法》第十二条发行人最近3年内主营业务没有发生重大变化的适用意见 - 证券期货法律适用意见第3号

IPOs not allowed within a year of thorough reorganization.

2 minute read July 09, 2008 at 12:58 AM

clpstaff and clp articles

Issued: May 19 2008

Main Contents: If an IPO issuer (Issuer) has reorganized identical, similar or related businesses under the same corporate controller during the reporting period and it additionally satisfies the following conditions, its core business shall be deemed not to have undergone a major change:

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