According to Article 20 of the Measures for the Supervision and Administration of Futures Companies, if a futures company changes its equity under the circumstances listed in Article 19 of these Measures (changing the controlling shareholder and the largest shareholder), it shall meet the following conditions: (1) There is no freezing of the equity to be changed; (2) There is no cross-shareholding between the futures company and the shareholders, and the futures company does not provide any form of financial support for the equity transferee; (3) The shareholders involved meet the requirements of the Measures for the Supervision and Administration of Futures Companies on major shareholders, controlling shareholders, largest shareholders, overseas shareholders and related shareholders.