China Securities Regulatory Commission, Circular on Properly Handling the 2007 Annual Reports of Listed Companies and the Related Work

中国证券监督管理委员会关于做好上市公司2007年年度报告及相关工作的通知

January 31, 2008 | BY

clpstaff &clp articles &

Senior management of listed companies restricted from buying or selling shares of the company before release of the annual report.

Clp Reference: 3700/07.12.28 Promulgated: 2007-12-28

Issued: December 28 2007

Main Contents: The directors, supervisors and senior management personnel of listed companies and other informed persons of insider information may not purchase or sell the company's shares within 30 days prior to the disclosure of 2007 annual reports and 10 days prior to the announcement of the annual results or business result preview. The grant and exercise of company share options and the grant of restricted shares may not be conducted within the aforementioned time period (Article 1).

Related Legislation: Enterprise Accounting Guidelines 2006; Guidelines for Contents and Formats for Information Disclosures by Companies that Offer Securities to the Public (No. 2): Contents and Format of Annual Reports (2007 Revision), Dec 17 2007, CLP 2008 No.1 p.10 ; and Measures for the Administration of Information Disclosure by Listed Companies, Jan 30 2007, CLP 2007 No.1 p.9

clp reference:3700/07.12.28promulgated:2007-12-28

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