Following the May 8 this year, since "the Shenzhen Stock Exchange GEM Listing Rules (Draft)" to the public comments, the approval of the CSRC, Shenzhen Stock Exchange on June 8 this year officially launched the "Shenzhen Stock Exchange GEM Listing Rules ", and will be July 1, 2009 shall come into force.
Officially released the "Listing Rules" the draft than the previous increase of three terms, an increase of listed companies should be required to perform their duties of independent directors to provide safeguards; increased further strengthen the provisions on the accounting firm binding; increase require the company to strengthen the core technology related to the terms of the content of the disclosure. Revised "Listing Rules" also modified the seven terms, including: an increase of listed companies, directors, supervisors and senior management should ensure that companies disclose information in a timely manner, fair demand; increase insider information insider trading of securities may not recommend to others requirements; further clarify the directors, supervisors, executives directly and indirectly holds shares of the Company's circumstances require a statement; clear the directors, supervisors and senior management should report the time of separation and apply lock their holdings requirements; further clear the scope of foreign investment. In addition, the Shenzhen Stock Exchange is also on the "Listing Rules" the text of certain provisions have been adjusted to make statements clearer.