Several Issues Concerning the Regulation of Cash Flows Between Listed Companies and Their Affiliates and Security Provided to Outside Parties by Listed Companies Circular

关于规范上市公司与关联方资金往来及上市公司对外担保若干问题的通知

A circular which addresses the issues on regulations of cash flows between listed companies and their affiliates. It also addresses the control of risk of security provided to outside parties by listed companies in the PRC.

(Issued by the China Securities Regulatory Commission and the State-owned Assets Supervision and Administration Commission of the State Council on, and effective as of, August 28 2003.)

Translated by A. Allen & Associates Ltd

(中国证券督管理委员会、国务院国有资产督管理委员会于二零零三年八月二十八日发布施行。)

To all listed companies and their controlling shareholders:

In order to further regulate cash flows between listed companies and their affiliates, effectively control the risk of security provided to outside parties by listed companies and protect the lawful rights and interests of investors, in accordance with laws and statutes such as the Company Law, the Securities Law and the Supervision and Administration of Enterprise State-owned Assets Tentative Regulations, we hereby notify you in respect of the related issues as follows:

各上市公司及其控股股东:

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