1 Article 6 of Several Provisions on Shareholders and Directors of Listed Companies, if there are legal circumstances, the major shareholder of a listed company may not reduce its shares;

2. Article 9 The total number of shares reduced by major shareholders of a listed company through centralized bidding transactions on the stock exchange within three months shall not exceed 65,438+0% of the total shares of the company.

legal ground

Article 6 of Several Provisions on Shareholding Reduction by Shareholders and Directors of Listed Companies

Under any of the following circumstances, the major shareholder of a listed company may not reduce its shares:

(1) The listed company or major shareholder is suspected of committing securities and futures crimes, and has been placed on file for investigation by the China Securities Regulatory Commission or by the judicial organ, and it has not been six months since the decision of administrative punishment or criminal judgment was made;

(2) The major shareholder has been publicly condemned by the stock exchange for violating the rules of the stock exchange for less than three months;

(3) Other circumstances stipulated by the China Securities Regulatory Commission.