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       Article XII of the issuer in accordance with the law to apply for public offering of securities of the application documents submitted by the format, submitted to the way approved by or in accordance with the law is responsible for approving the provisions of the agencies or departments.
       Article XIII of the issuer to the State Council Securities Regulatory agencies or departments of the State Council authorized the issuance of securities submitted application documents must be true, accurate and complete.
       Securities issued for the relevant documents issued by professional institutions and personnel, must be strictly statutory duty to ensure the authenticity of documents it issued, the accuracy and completeness.
       Article XIV of the State Council Securities Regulatory agencies set up to issue an audit committee review of stock issued in accordance with the law to apply.
       The audit committee issued by the State Council Securities Regulatory agencies and the professionals employed by the institution composed of outside experts in order to vote on stock issuance to apply for a vote, the audit opinion.
       Issued an audit committee composed of the specific approach, the composition of the term of office, working procedures by the State Council Securities Regulatory agencies have developed, the State Council for approval.
       Article XV of the State Council Securities Regulatory agencies responsible for approval in accordance with the statutory requirements to apply for shares issued. Approval process should be open, accept supervision in accordance with the law.
       Involved in the approval of the staff to apply for shares issued shall apply for units of interest with the issuer; shall not accept applications for units issued gift; may not be approved by holders of shares issued applications; shall not be issued in private applications for units in contact.
       Departments of the State Council authorized the company to apply for approval to issue bonds, in the light of the provisions of前二款.
       Article XVI of the State Council Securities Regulatory agencies or departments of the State Council authorized the issuance of securities should be accepted since the application documents within three months from the date of the decision; not approved, or approved, it should be an explanation.
       The application of Article XVII of securities issued or approved by the examination and approval, in accordance with the law when发行人应and administrative regulations, in the securities before the public offering, raising public notice documents, and will maintain the document at the designated place for public inspection.
       Information on the securities issued in accordance with the law before the public, shall not be open source or any of the information leak.
       The issuer shall not file notice before the public offering to raise the issue of securities.
       Article XVIII of the State Council Securities Regulatory agencies or departments authorized by the State Council have been made or approved the decision of approving the issuance of securities, found not complying with the laws and administrative regulations and should be removed; has yet to issue securities, and stop issuing; have been issued securities holders will be allowed to increase in accordance with the issue price and accrued interest on bank deposits over the same period, request the return of the issuer.
       Article XIX of stock issued in accordance with the law, the publisher of business and revenue changes, from the responsibility of the issuer; resulting changes in the investment risk caused by the investors themselves.
      第二十条the issue of new shares of listed companies should comply with the Companies Act relating to the conditions of issue of new shares can be raised to the public can also apply to shareholders to subscribe.
       Listed companies to issue stock Proceeds will be required to use the prospectus included in the use of funds. Change the use of funds listed in the prospectus must be approved by shareholders' general meeting. Permission for change of use not correct, or not approved by shareholders' general meeting shall not issue new shares.
       Article XXI of securities companies should be in accordance with the law and administrative regulations to the issuer underwriting public offerings of securities. Securities underwriting business approach taken by the underwriters or dealers.
       Securities refers to securities companies to sell on behalf of issuers offering securities in the underwriting period, it will not be returned to the securities sold to the issuer's underwriting approach.
       Securities underwriting is the issuer of securities companies will be in accordance with the agreement of all the securities purchased or in the underwriting after the end of the remaining securities will be purchased on its own underwriting all means.
       Article twenty-second public offering of securities of the issuer the right to choose in accordance with the law of the securities firms underwriting. Securities may not be a means of unfair competition to attract the securities underwriting business.
       Article twenty securities firms underwriting securities, should be signed with the issuer or the underwriting agreement to sell, set out the following:
       (A) the names of the parties, shelter and legal representative of the name;
       (B) distribution, the underwriting of securities of the type, quantity, amount and issue price;
       (C) dealers, underwriters and the dates of the period;
       (D) dealers, underwriters, and the date of payment;
       (E) sell, underwriting fees and billing methods;
       (F) liability for breach of contract;
       (G) of the State Council Securities Regulatory agencies other matters.
       Article 24th securities underwriting securities companies should be to raise public offering documents for authenticity, accuracy, integrity verification; found in false records, misleading statements or material omissions, and shall not conduct sales activities; have been sold and must be an immediate halt to sales activities, and to take corrective measures.
       Article published to the nominal value of the securities of more than 50 million yuan, it should be by the underwriting syndicate. Should be made by the syndicate involved in underwriting and securities underwriting companies.
       Twenty-sixth article of the distribution of securities, underwriters may not exceed ninety days the longest.
       Securities companies in the distribution, underwriting period for the dealers, underwriters should ensure that the securities be sold to subscribers, were not allowed to be reserved in advance by the Company to sell securities and pre-purchased and retained by the underwriters of the securities.
       The twenty-seventh article of the underwriting of securities by securities companies, underwriters should be after the expiration of the fifteen days, the situation will be underwriting the State Council Securities Regulatory agencies record.
       Securities companies to sell securities, it should be in the distribution after the expiration of the fifteen days, together with the issuer to sell securities case will be reported to the State Council Securities Regulatory agencies record.
       Article twenty-eighth issue of shares to issue to take a premium, and its issue price by the issuer and the underwriters of the securities companies in consultation, the State Council for approval of securities regulatory bodies.
       Twenty-ninth article either directly or indirectly, domestic enterprises to issue securities abroad or outside of its publicly traded securities must be approved by the securities supervision and administration of the State Council for approval.
       Chapter III of the Securities and Exchange
       Section I General provisions
       Securities and Exchange 30th article of the parties the sale of securities in accordance with the law, must be issued in accordance with the law and the delivery of securities.
       Securities issued by non-law, should not purchase or sell.
       Issued in accordance with the law第三十一条stocks, corporate bonds and other securities, the legal transfer of its restrictive provisions of the period, for a limited period of time, should not purchase or sell.
       According to the law approved by the thirty-second article of the publicly traded stocks, corporate bonds and other securities, should be in the Stock Exchange.
       Thirty-third article of securities in the Stock Exchange, the focus should be an open auction transactions.
       The concentration of the Securities and Exchange bid price should be the priority, time priority principle.
       Thirty-fourth article of the Securities and Exchange parties the sale of securities can be used in paper form or the State Council Securities Regulatory agencies in other forms.
       Article thirty-fifth spot in the Securities and Exchange transactions.
       Thirty-sixth were not allowed to be engaged in financing to its customers or securities margin trading activities.
       Article 37th Stock Exchange, securities companies, securities registration and settlement agency employees, the securities supervision and management of agency staff and the laws and administrative regulations to prohibit other persons to participate in stock trading, during his term of office or within the statutory time limit shall not directly or by a pseudonym, by held in the name of others, the sale of shares, and shall not receive gifts of stock to others.
       Any person who has become the persons listed in the preceding paragraph, the shares already held, the transfer must be in accordance with the law.
       Article 38th Stock Exchange, securities companies, securities registration and settlement institutions are required by law to open a customer account by confidentiality.
       Article thirty-ninth issue of audit reports issued shares, assets evaluation report and other documents or legal opinion of the professional institutions and personnel, in the equity underwriting during the period and after the expiration of six months, should not purchase or sell the stock.
       In addition to the preceding paragraph shall, for the audit reports issued by listed companies, asset evaluation report and other documents or legal opinion of the professional institutions and personnel, since the listed companies to accept the date of commission until after the publication of these documents within five days, should not purchase or sell the stock.
       40th Article of the Securities and Exchange charges must be reasonable, and public fees, charges and charging arrangements.
       Securities trading fees and management fees by the State Council on the management of uniform provisions.
      第四十一条Co., Ltd. holds a five per cent of the issued shares of the shareholders, should be reached in the amount of its holdings, the proportion of within three days from the date of the report of the company, the company must report the date of receipt of the three days to the State Council Securities Regulatory bodies; is listed companies should report to the Stock Exchange.
       Forty-second Article stipulates that the former shareholders, will they hold shares of the company within six months after buying to sell, or sell and buy within six months, which the proceeds go to the company , to take back the company's board of directors should be shareholders of the proceeds. However, due to the underwriting of securities companies to buy the remaining shares held after more than five per cent of shares, not sell the stock when the time limit of six months.
       Company's Board of Directors is not in accordance with the provisions of the preceding paragraph, other shareholders have the right to request the Executive Board of Directors.
       Company's Board of Directors is not in accordance with the provisions of t