1. Privatization and delisting.

The major shareholders of China Concept Stocks initiate a privatization offer to acquire all outstanding shares, turning the listed company into a private company, and then seek listing on other markets.

Usually, the privatization price proposed by major shareholders will be higher than the current market price, which will help the stock price rise.

When the offer becomes official, the stock price tends to remain slightly lower than the offer price until the buyback is completed.

2. Transfer to other markets for listing.

For example, companies listed on both Hong Kong and US stocks can convert their shares into Hong Kong stocks and continue trading in Hong Kong when the US stocks are delisted.

Since Hong Kong stocks and U.S. stock ADRs can be freely converted, the prices of the two are usually linked, and the price difference will be less than the conversion cost, so the conversion itself will not cause much profit or loss.

If you take this route, investors may need to bear the conversion fee. It is unclear whether the company will compensate Didi if it converts collectively.

3. Transfer to the OTC market after delisting.

If the company cannot be listed elsewhere for the time being, the stock will be transferred to the OTC market in the United States after delisting. This can be roughly understood as the delisting of our A-shares to the Third Board market.

Due to poor liquidity in the OTC market, the stock valuation level is lower than that of the main board. After delisting is expected, the stock price faces a decline.

1. Commission Commission: Commission refers to the fee that investors pay to securities dealers based on a certain proportion of the transaction amount after entrusting the purchase and sale of securities.

This fee generally consists of brokerage commissions from securities firms, transaction handling fees from stock exchanges, and supervision fees from management agencies.

The commission charging standards are: 1) Shanghai Stock Exchange, the commission for A-shares is 3‰ of the transaction amount, with a starting point of 5 yuan; the commission for bonds is 2‰ of the transaction amount (upper limit, floating), with a starting point of 5 yuan;

The commission of the fund is 3‰ of the transaction amount, with a starting point of 5 yuan; the commission of the securities investment fund is 2.5‰ of the transaction amount, with a starting point of 5 yuan; the commission standards for repurchase business are: 3 days, 7 days, 14 days, 28 days

For repurchase varieties that last more than 28 days and last for more than 28 days, the trading volume will fluctuate below 0.15‰, 0.25‰, 0.5‰, 1‰ and 1.5‰ respectively.

2) Shenzhen Stock Exchange, the commission for A-shares is 3‰ of the transaction amount, with a starting point of 5 yuan; the commission for bonds is 2‰ (upper limit) of the transaction amount, with a starting point of 5 yuan; the commission for funds is 3‰ of the transaction amount

, the starting point is 5 yuan; the commission for securities investment funds is 2.5‰ of the transaction amount, and the starting point is 5 yuan; the commission standards for repurchase business are: 3 days, 4 days, 7 days, 14 days, 28 days, 63 days, 91

The daily, 182-day, and 273-day repurchase varieties fluctuate according to the transaction amount below 0.1‰, 0.12‰, 0.2‰, 0.4‰, 0.8‰, 1‰, 1.2‰, 1.4‰, and 1.4‰ respectively.

2. Transfer fee 1. Transfer fee: Transfer fee refers to the fee paid by the buyer and seller to change the equity registration after the transaction of stocks and funds entrusted by investors.

This income belongs to the securities registration and clearing agency, and is deducted by the securities operating agency during clearing and delivery with investors.

2. The transfer fee standard is: The transfer fee for A-share and fund transactions on the Shanghai Stock Exchange is 1‰ of the face value of the transaction, with a starting point of 1 yuan, of which 0.5‰ is paid by the securities operating institution to the registration company; the Shenzhen Stock Exchange is free of charge.

Collect transaction transfer fees for A-shares, funds, and bonds.

3. Other fees 1. Other fees: Other fees refer to the entrustment fees (communication fees), order cancellation fees, inquiry fees, account opening fees, magnetic card fees and telephone commission fees paid to the securities business department when investors entrust them to buy or sell securities.

Card swiping fees, overtime fees, etc. for self-service entrustment.

2. These fees are mainly used for expenses in communications, equipment, document production, etc. Among them, the entrustment fee is generally paid to the securities business department when investors buy and sell securities on the Shanghai and Shenzhen stock exchanges in Shanghai and Shenzhen.

1 yuan entrustment fee, and 5 yuan entrustment fee for other places; other fees are charged by securities companies at their discretion. Generally, there is no clear charging standard, as long as the fees are approved by the local price department. Currently, there are quite a few securities operating institutions out of competition.

Some or all of these fees may be waived for consideration.