After receiving the application documents, China Securities Regulatory Commission will make a decision on whether to accept them within five working days. The time limit for China Securities Regulatory Commission from accepting the application documents to making a decision is three months. The listed company shall complete the issuance within six months from the date when the China Securities Regulatory Commission approves the issuance. After more than six months, the approval document is invalid and needs to be submitted for approval again.

Brief introduction of additional shares: refers to the behavior of listed companies to issue shares again for refinancing. The Securities Law, the Company Law and the Measures for the Administration of Securities Issuance of Listed Companies (hereinafter referred to as the Measures for the Administration of Issuance) promulgated by China Securities Regulatory Commission on May 7, 2006 and implemented the next day have made corresponding provisions on the issuance of shares by listed companies.