EZZBF [2021] No.17

Several Opinions of Office People's Government Office on Accelerating Enterprises Listing

District people's governments, Gedian Development Zone, management committee of airport economic zone of Ezhou City, related departments directly under city government:

To implement the important discussion spirit of the General Secretary Xi on capital market construction and promote the enterprise development, we hereby propose the following opinions on accelerating enterprises listing works:

I. Focus on promotion of enterprise shareholding system reform

1. According to relevant national laws and regulations, for enterprises that complete the shareholding system reform under the guidance of listed intermediary counseling institutions such as securities companies, law firms and accounting firms, and handles change registration in accordance with the law in the municipal registration department, and obtains the business license of a incorporated company, RMB 30,000 Yuan will be awarded in a lump sum by the municipal financial department.

II. Intensify enterprise listing incentive strength

2. Support the A-share listing of enterprises (main board, science and technology innovation board, growth enterprise board), IPO enterprises successfully listed on the Shanghai and Shenzhen Stock Exchanges will be awarded with the maximum of RMB 20 Million Yuan (including RMB 4 million Yuan from the provincial government) by the municipal financial department, which can be cashed in stages (RMB 5 million Yuan will be awarded after handling counseling registration and record procedures by Hubei Securities Regulatory Bureau, RMB 5 million Yuan will be awarded after the official acceptance of application materials by China Securities Regulatory Commission, and RMB 10 million Yuan will be awarded after approval by China Securities Regulatory Commission and successful issuance by Shanghai and Shenzhen Stock Exchanges), or can be cashed in one time after the successful listing according to the wishes of the enterprise.

3. Encourage enterprises to list overseas. For enterprises listed on major overseas exchanges such as American New York Stock Exchange, NASDAQ Stock Exchange and Hong Kong Stock Exchange, the municipal finance, RMB 15 million Yuan (including RMB 3 million from the provincial government) will be awarded in a lump sum by the municipal financial department.

4. Enterprise listed in both A-share and overseas can enjoy both A-share listing award and overseas listing award.

III. Support over-the-counter (OTC) market listing of enterprises

5. For enterprises successfully listed on the basic level and innovation level of the "New Three Board", RMB 1 million Yuan will be awarded in a lump sum by the municipal financial department; for enterprises successfully selected in the selected level of "New Three Board", RMB 300,000 Yuan will be additionally awarded in a lump sum by the  municipal financial department; for enterprises uplisted on the "New Three Board" from the selected level, the difference will be rewarded RMB 20 million Yuan (including RMB 4 million Yuan from the provincial government, and deducted with the OTC listing reward already enjoyed); for enterprises listed on the Bulletin Board of four boards, RMB 200,000 Yuan will be awarded in a lump sum by the municipal financial department.

IV.  Actively introduce settle down of listing enterprises

6. For foreign and domestic listed companies that move into our city for investment and operation, and move the registration place and taxation place into our city for law-abiding operation (they are not allowed to move out of our city within 5 years, and if they move out for special reasons, the reward funds obtained must be returned), RMB 15 million Yuan will be awarded in a lump sum by the municipal financial department.

7. For enterprises that go public through “buying” and “borrowing “in different places (including enterprises listed oversea in American New York Stock Exchange, NASDAQ Stock Exchange and Hong Kong Stock Exchange) , and move the registration place and taxation place into our city for law-abiding operation (they are not allowed to move out of our city within 5 years, and if they move out for special reasons, the reward funds obtained must be returned), RMB 15 million Yuan will be awarded in a lump sum by the municipal financial department (including RMB 3 million Yuan from the provincial government).

V. Intensify Financial Support Force

8. Give the interest subsidy for loans of key backup municipal listing enterprises, and the municipal financial department will give the interest subsidy at 50% of the benchmark interest rate in the same period for the one-year working capital loan of the key backup municipal listing enterprises, such subsidy shall not exceed RMB 1 million Yuan for each enterprise per year, and the subsidy time is tentatively set as 3 years. Encourage key backup municipal listing enterprises to carry out equity financing, and 1% of the equity financing amount will be awarded by the municipal financial department, such subsidy shall not exceed RMB 1 million Yuan for each enterprise per year, and the subsidy time is tentatively set as 3 years.

VI. Priority Support of Government Procurement

9. Actively support key backup municipal listing enterprises to participate in the bidding and procurement of equipment, materials and other supplies needed in the construction of government-funded investment projects at all levels. Support qualified key backup municipal listing enterprises to participate in government procurement projects specifically aiming to small and medium-sized enterprises,, and participate in the review of the participation of qualified small and micro enterprises in procurement items not specifically for small and medium-sized enterprises according to the relevant policies of the Notice of the General Office of the Provincial People's Government on the Issuance of Several Measures to Further Accelerate the Listing of Enterprises (EZBF [2021] No. 15).

VII. Support Enterprises Acquisition and Reorganization

10. Guide the key backup municipal listing enterprise and listed enterprises to become bigger and stronger through merger and reorganization, and the municipal financial department will give 30% subsidy to the intermediary service fees such as legal, financial and asset appraisal generated by merger and reorganization, such subsidy shall not exceed RMB 1 million Yuan for each enterprise per year, and the subsidy time is tentatively set as 3 years..

Listed enterprises that have enjoyed preferential policies of the city shall not enjoy the preferential policies repeatedly.

All relevant units shall earnestly implement above opinions. The specific reward process is jointly formulated by the municipal Local Financial Work Bureau and the Municipal Finance Bureau. The Opinions shall be interpreted by the Municipal Local Financial Work Bureau and shall be effective for five years from the date of issuance.

Ezhou People’s Government Office

June 24, 2021

(The document is issued in public)

cc: relevant departments in municipal Party committee, Ezhou military subarea, various people's organizations.

Municipal People's Congress Office, Municipal CPPCC Office, municipal court, municipal Procuratorate.

Central and provincial enterprises as well as other cities’ enterprises stationed in Ezhou

Ezhou People’s Government Office Printed and issued on June 24, 2021