Shanghai Stock Exchange: Strategic Investors of Kechuang Stock Exchange are not allowed to sell the shares through short-term securities trading during the holding period.

category:Finance
 Shanghai Stock Exchange: Strategic Investors of Kechuang Stock Exchange are not allowed to sell the shares through short-term securities trading during the holding period.


In order to further clarify the specific requirements for strategic investors to participate in securities lending business, in accordance with the Detailed Rules for the Implementation of Securities Lending and Transferring Securities Business in Securities Exchange, China Securities Finance Co., Ltd., China Securities Registration and Settlement Co., Ltd. (Shanghai Stock Exchange [2019] 54, hereinafter referred to asSecurities Lending and Transferring Securities Business)u300a The Shanghai Stock Exchange now notifies the following about relevant matters:

1. Strategic investors shall strictly abide by the provisions of Article 9 of the Regulations on the Conversion and Financing of Science Creative Board, and shall not, in principle, make an agreed declaration with the relevant parties within the period of commitment holding, except that the allocated stocks are lent to the securities company by the agreed declaration method and only for the securities company to carry out the securities financing and financing business.

2. Strategic investors and their affiliates shall not sell the shares of a listed company through short-term securities trading within the period of holding the allotted shares promised by the strategic investors.

I hereby inform you.

Shanghai Stock Exchange