.jpg)
Recently, Shenzhen Stock Exchange (SZSE) released revised Shenzhen Stock Exchange Implementation Rules on Online Voting at the General Meeting of Listed Company (hereinafter referred as Implementation Rules) and Shenzhen Stock Exchange Business Guidance on Identification of the Investors’ Online Identity (hereinafter referred as Business Guidance), prioritizing and upgrading online voting system comprehensively. The optimization and upgrading of online voting system is an important measure of implementing relevant regulations of the State Council’s 9 New Opinion and Opinion on Further Reinforcing the Protection of the Lawful Rights and Interests of Small and Medium Investors in Capital Market released by the Office of the State Council, and is also an act to protect the lawful rights and interests of small and medium investors, and boost the standardized operation of the listed companies, and enhance the exchange’s serving quality.
According to the relevant principal from SZSE, the revision of Implementation Rules and Business Guidance mainly included the following aspects: firstly, it was explicitly stipulated that online voting was required for all the general meeting of public companies; secondly, specific calculation rules of voting for general meeting was specified so as to enhance the transparency; thirdly, on-spot voting auxiliary system was added to enhance the efficiency of collecting and statistics of online voting data; fourthly, it was provided that the shareholder might use any account held by the shareholder to participate in online voting, in this way, it would be more convenient for shareholders to exercise the voting rights; fifthly, the voting scope was expanded to include preferred stock, fund and bonds; sixthly, voting operation of collective account was optimized; seventhly, the efficiency of identifying investors’ online identity was improved.
The principal also indicated that the optimization and upgrading of online voting system laid a solid foundation for comprehensive implementation of online voting for general meeting, consequently, it would be more convenient for the shareholders to participate in voting, and the efficiency of general meeting would be greatly improved. SZSE will further uphold the service-and-market-oriented principle, actively implement the regulation and spirit issued by the State Council and China Securities Regulatory Commission, further protect the lawful rights and interests of small and medium investors, and better facilitate the development of multi-tiered capital market.
