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To implement the “Guiding Opinions on Optimizing Suspension and Resumption System of Shares Trading of Listed Companies” released by the China Securities Regulatory Commission and standardize the suspension and resumption of shares and derivatives trading of listed companies during the periods of planning major issues, the Shanghai Stock Exchange (SSE) has revised and formulated the “SSE Business Guidelines on Suspension and Resumption of Shares Trading of Listed Companies for Planning Major Issues” (the Guidelines for short, see attachment), which is hereby issued and shall come into force from the date of issuance. To ensure the smooth implementation of the Guidelines, it hereby gives the arrangement during the interim of old and new rules as follows:
1. Any listed company that has disclosed an announcement on planning to purchase assets through shares issuance before the implementation of the above Guidelines shall continue to disclose the progress in relevant matter by stage before disclosing the scheme. The new rules shall not apply to them.
2. The “Business Guidelines on Suspension and Resumption of Shares Trading of Listed Companies for Planning Major Issues” (Shang Zheng Fa [2016] No. 19 Document) released on May 27, 2016 by the SSE shall be abolished simultaneously.
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