Further Regulation of Work Related to Initial Public Offerings and Listings Circular

关于进一步规范股票首次发行上市有关工作的通知

A circular on the administration and requirements of initial public offerings or listing of shares by companies limited by shares.

(Issued by the China Securities Regulatory Commission on September 19 2003 and effective as of October 1 2003.)

Translated by A. Allen & Associates Ltd

(中国证券监督管理委员会于二零零三年九月十九日发布,自二零零三年十月一日起施行。)

To all securities companies and asset management companies qualified as lead distributors and companies that are planning an initial public offering:

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