In recent days, the Listing Committee of the SZSE held the meeting to consider the application by the first batch of 28 companies for ChiNext listing. At the meeting, the 29 companies including Qingdao Tgood Co., Ltd., were approved for listing because these companies had met the requirements for listing as stipulated in the “Rules for ChiNext Stock Listing” in terms of the total share capital, shareholders and the proportion of public offering shares. The SZSE gave nod to the listing of 28 companies based on the review opinions from the Listing Committee.
The Listing Committee paid much attention to capital increase, share expansion or transfer of shares held by controlling shareholders within 6 months before the CSRC officially accepted the offering application by a company. With respect to the five companies including Tgood having increased capital and shares within 6 months, the Listing Committee asked the related shareholders in above companies to made the commitment to not transfer the newly-added shares within 36 months as of the date of change in the business registration and make the disclosure in the listing announcement.
Meanwhile, with respect to the over-raised proceeds commonly occurring in the ChiNext companies, the Listing Committee also required the related companies to clearly disclose the amount of over-raised proceeds and the preliminary use plan in the listing announcement.
In addition, the Listing committee asked companies to make the commitment to perfect the systems including the articles of association according to relevant rules as soon as possible within 3 months after listing and disclose the above commitment in the listing announcement.