For the acquisition of publicly offered infrastructure REITs and changes in share interests, the parties concerned shall perform corresponding procedures or obligations in accordance with the "Business Measures for the Public Offering of Infrastructure Securities Investment Funds (REITs) of the Shanghai Stock Exchange (Trial)" . For other matters not stipulated in the Measures, the parties concerned shall perform corresponding procedures or obligations with reference to the Securities Regulatory Commission's "Measures for the Administration of Acquisitions of Listed Companies", "Stock Listing Rules of the Shanghai Stock Exchange" and other regulations on the acquisition of listed companies and changes in equity interests. For matters that are not applicable, the parties may explain the reasons and be exempted from performing relevant procedures or obligations.
Specifically, first, when the fund shares held by investors and persons acting in concert through transactions with the Exchange or other methods recognized by the Exchange reach 10% of the shares of an infrastructure public offering REIT, they shall Prepare a report on changes in equity within the specified time, notify the fund manager, and make an announcement, and no further trading is allowed within the time limit. Second, after reaching 10%, every 5% increase or decrease in the share owned will trigger the obligation to disclose information and require notification and announcement. For specific regulations, investors can log on to the Shanghai Stock Exchange website to check the relevant rules.