To rationalize the offline issuance of IPO-related shares for the companies planning to be listed on the Shanghai Stock Exchange (SSE), the SSE and China Securities Depository and Clearing Corporation Limited have jointly formulated the "Measures on Offline Issuance of IPO-related Shares on Shanghai Market" (the "Measures" for short), according to relevant rules and regulations such as the "Administration Measures on Securities Issuance and Underwriting", the "China Securities Regulatory Commission’s Opinions on Promoting Reform of New Share Issuance System", and the "Provisional Rules on Public Offering of Shares by Shareholders for IPO Companies". The "Measures" is hereby released, and all relevant parties are required to abide by the "Measures".
The "Detailed Rules (Amendment) for Offline Electronic Issuance of IPO-related Shares on Shanghai Market" released on June 18, 2009 is abolished at the same time.
