Shanghai Stock Exchange: If a report or complaint is received during the stock listing review period, the Shanghai Stock Exchange may suspend the review

Recently, the Shanghai Stock Exchange (hereinafter referred to as the SSE) issued the "Shanghai Stock Exchange Stock Listing Rules" and related delisting supporting rules (hereinafter referred to as the new delisting rules). In order to keep in line with the new delisting rules and related business practices, the SSE revised and issued the "Shanghai Stock Exchange Main Board Stock Listing and Termination of Listing Review Implementation Rules" (hereinafter referred to as the "Implementation Rules"), which mainly regulate the review matters, review procedures and the establishment and selection arrangements of the relevant listing committee for the first listing, termination of listing and relisting of main board stocks.

The "Implementation Rules" have made revisions in four aspects: First, the review matters of the Listing Committee have been improved. According to the new delisting rules, relevant business rules and practices of the Shanghai Stock Exchange, the suspension and resumption of listing of main board stocks have been deleted, and the relisting of main board stocks has been added. The initial, suspension, termination, and resumption of listing of corporate bonds and enterprise bonds and the initial and termination of listing of funds have been deleted.

Second, the number of members who actually participate in the review is clarified, and a mechanism for member recusation and supplementation is stipulated.

Third, it is clarified that if relevant reports or complaints are received or other circumstances arise during the stock listing review period that may have an impact on the relevant review matters, the Shanghai Stock Exchange may suspend the review depending on the circumstances and resume the review after the relevant circumstances are eliminated or confirmed. The time of suspension of the review shall not be included in the deadline for the Shanghai Stock Exchange to make the relevant decision.

Fourth, the name of the rules was changed from "Shanghai Stock Exchange Securities Listing Review Implementation Rules" to "Shanghai Stock Exchange Main Board Stock Listing and Delisting Review Implementation Rules."