In order to implement the “Regulations on Shareholding Lessening of List Company’s Major Shareholders, Directors, Supervisors and Senior Managers” issued by the China Securities Regulatory Commission and urge the major shareholders, directors, supervisors and senior managers to abide by an array of requirements such as that for pre-disclosure of shareholding lessening, the Shanghai Stock Exchange (SSE), according to laws, regulations and the “SSE Stock Listing Rules”, has worked out the No. 98 format instruction on temporary announcement – Announcement on Shareholding Lessening Plan of Listed Company’s Shareholder and Its Implementation. The format instruction is hereby released, and shall come into force on January 9, 2016.
The full text of the above format instruction could be found on the "Business Guide and Procedures" sub-column under the “Law & Regulation” column on the SSE website (www.sse.com.cn). The listed companies and relevant information disclosers are required to learn and abide by it, and complete the relevant work of information disclosure and business operation application.
