China Securities Regulatory Commission, 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)

Issued: December 17 2007
Effective: as of date of issuance

Main Contents: According to Article 23 of the Guidelines, companies limited by shares that publicly issue shares and that are listed on stock exchanges in the PRC in accordance with the Company Law and Securities Law (Companies) are now required to disclose a table on changes to locked-up shares. Locked-up shares refer to locked-up shares under the reform regarding the separation of equity ownership and trading rights, locked-up shares issued in an offering, and the shareholdings of the directors, supervisors and senior management personnel, as well as shares that are locked-up due to other reasons.