According to Article 131 of the Measures for the Supervision and Administration of Futures Companies, without the approval of China Securities Regulatory Commission or its dispatched office, if any individual or unit and its affiliates hold more than 5% of the shares of futures companies without authorization, or become shareholders of futures companies by providing false application materials, China Securities Regulatory Commission or its dispatched office may order them to transfer shares within a time limit. Before the transfer, the equity has no voting right and dividend right.