Companies seeking listings on both main board and SME board of SZSE are subject to the following qualitative and quantitative requirements:

1. IPO granted by the China Securities Regulatory Commission;
2. Minimum 25% public holding;
3. Corporate size no smaller than RMB 30 million; and
4. Good credit records in the past three years.

SZSE Listing Procedures and Documents:

1. Upon completion of issuance of shares or convertible bonds as authorized by the CSRC, an issuer may apply to the Exchange for their listing.
2. Where the issuer applies to the Exchange for listing its IPO shares or convertible bonds, it shall prepare a listing announcement in accordance with relevant provisions of the CSRC.
3. The issuer that applies to the Exchange for listing its shares or convertible bonds shall submit the following documents:

Listing application documents:

1. File a listing application of the SZSE
2. CSRC's document of approval of the public issue of its shares or convertible bonds and the full set of issuance and application materials that have been examined and verified by the CSRC;
3. the resolution of the board of directors in respect of its listing application;
4. Issuing a listing announcement;
5. Letter of listing recommendation and sponsorship agreement produced by a sponsor;
6. Capital verification report produced by a CPA firm with relevant qualification for practice in securities- and futures-related business;
7. document evidencing custody of all its shares and convertible bonds with China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereafter, the Clearing Company);
8. the financial materials newly added during the period from offering to listing pursuant to provisions, and the document explaining relevant major events;
9. other documents as required by the Exchange.

When the issuer applies for listing its IPO shares, it shall also submit the following documents:

1. photocopy of the company's business license;
2. articles of association of the company;
3. the report on shareholdings of the directors, supervisors and senior management and the Declaration and Undertaking of Directors (Supervisors and Senior Management);
4. relevant materials of the board secretary who is to be or has already been appointed by the issuer;
5. power of attorney of the majority shareholder.
6. The issuer and its directors shall guarantee that the contents of the documents submitted to the Exchange are truthful, accurate and complete and no falsehoods, misleading statements and major omissions are contained therein.
7. Where the issuer applies to the Exchange for listing its IPO shares, its majority shareholder shall make the undertaking that it shall not, within twelve months of listing of the issuer's shares, assign the issuer's shares it holds or entrust others with the management of the issuer's shares and that such shares shall not be repurchased by the issuer. The shares as referred to in this Subsection shall not include the shares newly increased during such period.

The issuer shall release the aforesaid undertaking in its listing announcement.

8. Upon approval by the Exchange of the application for listing of IPO shares or convertible bonds, the issuer shall, five days before listing of its shares or within five trading days before listing of its convertible bonds, publish its listing announcement in one or more Designated Newspaper and on more than one Designated Website. In the case of IPO shares, the issuer shall also, five days before the listing, publicize its articles of association on the Designated Website. The listing announcement shall be placed at its domicile for public consultancy.

During the course of listing application, the issuer shall not make any disclosure on its listing without the approval of the Exchange.

As a segment of the Main Board, the listed companies on the SME Board shall abide by the Stock Listing Rules and fulfill the obligation of information disclosure. In addition, companies shall abide by the Special Provisions on Listing on SME Board.