In order to thoroughly implement the decision-making and deployment of the CPC Central Committee and the State Council on epidemic prevention and control and the work requirements of the CSRC, on the evening of March 27, the Shanghai Stock Exchange made adjustment and connection arrangements for the development of relevant businesses in the special period of epidemic prevention and control, optimized self-discipline supervision and service methods, supported the development of entity economy, stimulated the vitality of market subjects, spared no effort to maintain the smooth operation of capital market, and implemented various work to support epidemic prevention and control and ensure market operation.
In terms of stock issuance and listing audit and issuance underwriting, in order to ensure the normal promotion of the audit business of the science and innovation board, during the epidemic prevention and control period, the normal recipients of the Shanghai Stock Exchange submitted the issuance and listing, major asset restructuring and other relevant applications through the science and innovation board audit business system of the Shanghai Stock Exchange. Ensure that the review meeting of the municipal Party committee is carried out normally in accordance with the established procedures through video conference and other means. Meanwhile, if issuers and intermediaries are really affected by the epidemic, the time for reply to audit inquiries can be appropriately relaxed.
In terms of information disclosure business of listed companies, the Shanghai Stock Exchange supports listed companies to do a good job in regular report disclosure. If a listed company is expected to be difficult to disclose its 2021 annual report on the original scheduled date due to the epidemic, it may apply to the Shanghai stock exchange for an extension to the disclosure before April 30, 2022. Meanwhile, the processing period of information disclosure business was extended. During the epidemic prevention and control period, the post announcement disclosure period of listed companies was extended to 23:00.
In terms of bond business services, the Shanghai Stock Exchange has established a green channel for issuance services, and appropriately extended the time limit for project handling. For enterprises seriously affected by the epidemic, if the funds raised by bonds are used in fields related to epidemic prevention and control or to repay maturing corporate bonds, a green channel for issuance services shall be established, which shall be reported and reviewed immediately and handled specially, so as to effectively provide financing services for epidemic prevention and control. During the epidemic prevention and control period, the reply time limit and suspension time limit of feedback on corporate bonds and asset-backed securities shall be suspended. If the issuer is really affected by the epidemic and cannot update the financial report in time, it may apply for an extension of the period of validity.
