I. We implement the policy of financial rewards and subsidies. Enterprises listed in Mainland of China will be rewarded RMB2 million at one time, enterprises listed in New OTCBB will be rewarded RMB600,000 at one time, and enterprises listed in the Growing Board of Chongqing Share Transfer Center will be rewarded RMB400,000 at one time. And the cumulative incentive limit for a single enterprise should not exceed RMB2 million at most. Enterprises listed on major global stock exchanges such as New York, NASDAQ, London, Pan-Europe, Tokyo, Hong Kong, Singapore, and Taiwan will be rewarded RMB2 million at one time; and those listed on other overseas stock exchanges will be rewarded RMB1 million at one time. After the listing, within 3 years before listing (including the year in which they are listed), the incremental portion of the retained income of the enterprises will be fully subsidized based on the enterprise income tax paid in the previous year, and the cumulative maximum should be no more than RMB4 million.

II. We supply financial rewards and subsidies for listed enterprises. And we will strengthen fund attraction. Listed enterprises whose registrations and tax registrations move to Shapingba District will get financial rewards equivalent to listed bonuses at one time, those enterprises listed in New OTCBB will get rewards of RMB600,000 at one time, and those enterprises listed in the Growing Board of Chongqing Share Transfer Center will get rewards of RMB400,000 at one time. And their retained enterprise income tax paid at the district level for 3 consecutive years after they move into Shapingba District will be fully refunded, and the cumulative maximum should not exceed RMB4 million.

III. We will enrich the reserve for more listed enterprises. We will make a dynamic adjustment to the Pre-IPO enterprise reserve. Those enterprises that meet the high-quality development standards of Shapingba District, have complete management systems, and are willing to be part of this reserve will be continuously enrolled. The quality of this reserve will be improved through this half-a-year adjustment.

IV. We will carry out different measures in terms of different enterprises. We will attach great importance to markets both at home and abroad, and on markets including Main-Board, Second-Board, Science and Technology Innovation Board, and Beijing Stock Exchange. We will make an in-depth analysis of the operation and development of enterprises and help enterprises select appropriate listing channels according to their own situation with customized listing plans.

V. We will set up platforms to assist the finance of enterprises. Banks, venture capital funds, and private equity funds will be led to set up cooperative platforms for Pre-IPO enterprises to provide financial support for those enterprises. We will work with Chongqing Stock Transfer Center to create opportunities for road shows for those Pre-IPO enterprises.

VI. We will enhance the promoting role of intermediary institutions. Their professional roles will be fully played and they will be introduced to Pre-IPO enterprises which haven’t decided which institution to work with. With the assistance of the professional institutions, the listing procedures of these enterprises will be sped up.

VII. We encourage enterprises to introduce talents. We provide support for senior executives of Pre-IPO enterprises and their spouses and children in terms of employment and school enrollment. We encourage excellent workers to participate in the “Talent Plan of Shapingba District” program. Those who are selected will enjoy reward policies e.g. talent subsidies, post subsidies, financial support, and medical care.

VIII. We will optimize the administration service environment for the listing of enterprises. The communication and coordination among the departments of various industries and platform enterprises. In the process of stock reform and listing of enterprises, a joint force will be formed at each link including relocation, project approval, asset transfer, industrial and commercial registration, environmental assessment, and insurance of relevant compliance certificates to open up a “fast channel” for enterprises to be listed and improve its efficiency.

IX. We will strengthen the efforts to the training and publicity of listing for enterprises. Work connections with institutions, e.g. Chongqing Branch of China Securities Regulatory Commission, Chongqing Local Financial Supervision and Administration Bureau, Chongqing Stock Transfer Center, and intermediary institutions will be enhanced. By holding special training sessions and listing tutoring salons and organizing publicity and training related to knowledge in reforms and listing, professional guidance and services will be provided for enterprises during the process of actual operation.

X. We will supply factor resources for enterprises. Relevant administrative departments will be coordinated to make full use of policy resources including fiscal, tax, finance, land, industry, and talents and favorable policies will be carried out for Pre-IPO enterprises. Administrative departments in various industries will enhance the promotion of the Pre-IPO enterprises in the work of industrial development and attracting investment. More business cooperation opportunities will be introduced for these enterprises and conditions will be created to accelerate their development.

Policy basis: the Notice of Finance Bureau of Shapingba District on Printing and Distributing the Ten Measures of Shapingba District on Supporting Listing of Enterprises (Sha Cai Zheng Fa [2022] No. 50)

Implementation period:by April 1st, 2023

Responsible authority: Finance Bureau of Shapingba District

Tel:65368811