China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies that Offer Securities to the Public Guidelines (No. 2): Contents and Format of Annual Reports (Revised in 2002)

Issued: January 6 2003
Effective: as of date of issue
Interpreting authority: China Securities Regulatory Commission
Applicability: Companies limited by shares that publicly issue shares and that are listed on stock exchanges in the People's Republic of China in accordance with the Company Law and Securities Law shall draw up and disclose their annual reports in accordance with the Guidelines (Article 2).

Main contents: The revised Guidelines require the responsible person of a company, the responsible person in charge of accounting work and the responsible person of an accounting entity to guarantee the truthfulness and completeness of the financial report of an annual report (Articles 17 and 56). The Guidelines now also require the board of directors to discuss and analyze in its report the overall business of the company during the reporting period in accordance with Article 33 of the Guidelines (Article 64). The board is no longer required by the Guidelines to disclose its business plan of the coming year (Articles 39 and 70).
Related legislation: PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p21; PRC Securities Law (Amended), Oct 27 2005, CLP 2006 No.1 p31; Compilation Rules for Information Disclosures by Companies that Offer Securities to the Public (No. 9); Administration of Disclosure of Information on the Change of Shareholdings in Listed Companies Procedures, Sep 28 2002, CLP 2002 No.9 p5; Enterprise Accounting Guidelines; Enterprise Accounting System; Questions and Answers on the Standards for Information Disclosures by Companies that Offer Securities to the Public (No. 1): Extraordinary Gain or Loss, Apr 25 2001; Share Listing Rules and Administration of the Takeover of Listed Companies Procedures, Sep 28 2002, CLP 2002 No.9 p43