The price limit on the first day of re-listing for the Shanghai and Shenzhen Stock Exchanges is 10%, and the price limit for the first day of re-listing on the Growth Enterprise Market and the Science and Technology Innovation Board is 20%.

The price limit for new stocks on the Shanghai and Shenzhen stock exchanges is 44% on the first day of listing, and the price limit after the first trading day is 10%. The Shanghai stock code starts with 60, and the Shenzhen stock code starts with 00. , there is no price limit on the price of new shares on the GEM and the Science and Technology Innovation Board in the first five trading days, and the price limit after the five trading days is 20%. The GEM stock code starts with 30, and the Science and Technology Innovation Board stock code starts with 688.

There is no limit on the increase in the stock price on the day the stock is relisted. Resumption of listing means that after the stock exchange has suspended listing, the company applies to the stock exchange for resumption of listing. The application will be reviewed and the company will be approved to resume listing. The price rise and fall limit on the day a stock resumes listing refers to the stock exchange's regulation on the trading price of securities on the day to fluctuate up and down on the basis of the closing price of the previous trading day in order to curb excessive speculation and prevent excessive and sharp market rises and falls. The highest price when a stock rises to this limit is the daily limit, and the lowest price when a stock falls to this limit is the lower limit. Price limits are measures to calm the market. Under the following circumstances, stocks are not subject to fluctuation limit:

1. The first day of listing of new shares on the main board (the price shall not be higher than 144% of the issue price, nor lower than 64% of the issue price); < /p>

2. The share reform stocks (starting with S, but not ST) complete the share reform and the first day of resumption of trading;

3. The day when the additional shares are listed;

4. The resumption date for some major asset restructuring stocks is such as the resumption of trading after a merger;

5. The stock price increases on the day the stock resumes listing.

The conditions for resuming stock listing are very strict. During the period of suspension of listing on the stock exchange, listed companies whose stocks are subject to delisting risk warnings may disclose the first audited semi-annual report after the suspension of listing within the statutory disclosure period. The audited semi-annual financial accounting report shows that the company has To achieve profitability, the company can apply to the stock exchange for resumption of listing. According to relevant regulations on stock listing, the following conditions need to be met to resume stock listing:

1. The annual report for the most recent year has been disclosed within the statutory period;

2. Audited deductions for non- The net profit before and after recurring gains and losses is positive;

3. The audited operating income is not less than 10 million yuan;

4. The audited net assets at the end of the period are positive;

5. The financial accounting report is not issued by an accounting firm with qualified opinions, and it is unable to express an opinion or a negative opinion;

6. After verification, the sponsor issued a certificate that the company has the ability to continue operating A clear opinion on the company's ability;

7. After verification, the sponsor issued a clear opinion that the company has a sound corporate governance structure, standardized operations, and no major internal control defects;

8. This rule does not Provide for the suspension or termination of listing;

9. Other conditions deemed necessary by the securities exchange.

Under normal circumstances, after receiving the application documents for relisting from a listed company, the exchange will make a decision within 5 trading days whether to accept its application for listing. Within 60 trading days from the date of acceptance of the application, the Exchange will make a decision on whether to approve the relisting of its stocks; if a company's relisting application is approved by the Exchange, it shall complete all preparations for relisting within 3 months from the date of the approval decision. Work and go public.