Chapter iv implementation measures for transferring some state-owned shares in the domestic securities market to enrich the national social security fund

Article 13 If the state-owned shares of domestic listed companies are transferred to the social security fund, the social security fund will inherit the lock-up period obligations of the original state-owned shareholders. The social security fund will extend the lock-up period for three years on the basis of inheriting the legal and voluntary commitment lock-up period of the original state-owned shareholders for the shares transferred by joint stock limited companies that have obtained initial public offering and listing before the promulgation of these Measures.

Article 14 After the transfer of state-owned shares, the social security fund shall enjoy the right of income and disposal of the transferred shares, and shall not interfere with the daily operation and management of listed companies.

Article 15 After the state-owned shares are transferred to the social security fund and the funds are turned over to the central treasury, the relevant state-owned units will reduce the state-owned rights and interests, reduce the undistributed profits, surplus reserve fund, capital reserve fund and paid-in capital in turn, and do a good job in registering the change of property rights of the corresponding state-owned assets. For the transferred shares, the social security fund shall be recorded at the issue price and included in the unified accounting of the total assets of the fund. The Ministry of Finance shall timely transfer the funds turned over by state-owned shareholders to the central treasury into the social security fund account.

Article 16 The Ministry of Finance is responsible for supervising the financial management of transferring state-owned shares into the national social security fund. The Ministry of Finance may entrust professional intermediaries to audit the operation of transferring state-owned shares from social security funds on a regular basis.

Article 17 A social security fund shall set up a special account to receive the transferred shares. According to these measures, the transfer of state-owned shares and the transfer of shares between social security fund accounts shall be exempted from the transfer fee.

Eighteenth information disclosure matters involved in the transfer of state-owned shares shall be handled by the relevant parties in accordance with relevant laws and regulations.