The GEM lock will be extended to 3 years of severe assault on a regular basis

This report (reporter Aoxiapo) in the last sponsor representative training session on the outgoing news, in order to strike the gem of the company's surprise shares, the SFC proposed to require the extension of the "surprise" lock-up period, the prospectus published in the first 1 years, the lock regularly from the previous 1 years to 3 years. In the gem on the eve of the IPO surprise shares, a year after the lifting period will be dozens of times times the return on investment, creating the capital market is constantly appearing in the myth of the rise. In order to achieve effective control of the Act, reporters yesterday learned that the SFC intends to extend the "surprise shares" shareholder lock regularly and other measures to properly resolve. According to the requirements of the SFC, in the listing materials declaration of GEM companies, we should accurately declare the time, quantity, change, price and pricing basis of the new shareholder's shareholding in one year.　　The natural person shareholder also needs to disclose the last 5 years resume, the legal person shareholder should disclose its main shareholder and the actual control person. Under the Gem IPO rules, which were implemented in October 2008, for holders of shares to be subscribed for in the 12 months prior to the publication of the IPO prospectus, the period from the previous 36 months to 12 months was reduced to a requirement for a commitment not to be transferred.