According to the provisions of Article 20 of the Measures for the Supervision and Administration of Futures Companies, a futures company shall meet the following conditions in case of any equity change listed in Article 19 of these Measures (change of controlling shareholder and largest shareholder):

(1) The equity to be changed has not been frozen;

(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 conditions stipulated in Articles 7 to 12 of these Measures.