Where a limited liability company is converted into a joint stock limited company according to the original book net asset value, the duration can be calculated from the date of establishment of the limited liability company. Legal establishment means that a company applies for registration with the company registration authority in accordance with the Company Law and other laws, regulations and rules, and obtains the Business License of Enterprise as a Legal Person. When applying for listing, it must exist in accordance with the law and go through the annual inspection procedures.

The company shall prepare and disclose the financial statements for the reporting period in accordance with the provisions of the Accounting Standards for Business Enterprises. The Company does not have any related matters listed in the Auditing Standards for Certified Public Accountants in China that affect the ability of going concern, and an accounting firm with securities and futures-related business qualifications will issue a standard unqualified audit report.

Matters needing attention in listing the new third board

Although there is no clear financial index requirement in the listing conditions of the New Third Board, and there is no rigid stipulation on whether the enterprise is profitable, it is necessary to ensure the continuous operation of the enterprise, that is, the business model, products and services of the enterprise have not changed significantly, and it has good development prospects in its sub-industries.

Just as the competent department is introducing manpower with industry background to cope with the emergence of increasingly subdivided industries and new industries, it is particularly important for enterprises to describe their main products and businesses properly and accurately.