Legal basis: People's Republic of China (PRC) Company Law.
Article 87 A promoter who offers shares to the public shall be underwritten by a legally established securities company, and an underwriting agreement shall be signed.
Article 88 When the promoters offer shares to the public, they shall sign an agreement with the bank to collect shares.
The bank that collects the shares shall collect and keep the shares in accordance with the agreement, issue a receipt to the subscribers who paid the shares, and have the obligation to issue a receipt to the relevant departments.
After making a profit, 50% of the profit will be dis