Shenzhen Stock Exchange Promulgates The Matching Information Disclosure Announcement Format For Several Regulations On Decrease Of Shareholding Of Substantial Shareholders, Directors, Supervisors And Senior Executives

In order to realize effective connection of regulation policies and implement the spirit of the Several Regulations on Decrease of Shareholding of Substantial Shareholders, Directors, Supervisors and Senior Executives made by China Securities Regulatory Commission (“CSRC”), Shenzhen Stock Exchange (“SZSE”) recently revised related announcement format for information disclosure of listed companies.

The revised announcement format has refined the pre-announcement system for shareholding decrease plan of substantial shareholders, meanwhile, it also requires listed companies to timely disclose the implementation situation of shareholding decrease plan after the decrease of shareholding by substantial shareholders, so as to actually protect investors’ rights and interests and facilitate them to know the situation on decrease of shareholding by substantial shareholders.