Chapter 1: General Provisions

Article 1  To implement the guiding principles of documents such as the "Decision of the CPC Sichuan Provincial Committee on Deepening Innovation-Driven Development to Lead High-Quality Development," the "Implementation Opinions of the Sichuan Provincial People’s Government on Promoting the Improvement of Listed Companies’ Quality," and the "Decision of the CPC Neijiang Municipal Committee on Deepening Innovation-Driven Development to Lead High-Quality Development," to accelerate the implementation of our city’s action plan for fostering enterprise listings, and to promote the optimization and strengthening of enterprises, these Measures are formulated in accordance with the actual conditions of Neijiang.

Article 2: The term “enterprises in our city” as used in these Measures refers to enterprises whose headquarters and principal business operations are both located in our city.

Article 3. The term “enterprise listing and financing” as used in these Measures refers to both domestic and overseas listings. Domestic listing refers to listing on the Shanghai Stock Exchange, Shenzhen Stock Exchange, or Beijing Stock Exchange (hereinafter referred to as the “Shanghai, Shenzhen, and Beijing Exchanges”) or to being listed on the National Equities Exchange and Quotations (hereinafter referred to as the “NEEQ”); overseas listing refers to listing on major capital markets such as the Hong Kong Stock Exchange, the London Stock Exchange, the New York Stock Exchange, and NASDAQ.

Article 4. For the purposes of these Measures, “initial public offering (IPO)” refers to the first time an enterprise offers its shares to the public.

Article 5. For the purposes of these Measures, “inclusion in the cultivation and management of Sichuan Province’s pool of prospective listed companies” refers to an enterprise being included in the list of enterprises in the Sichuan Province pool of prospective listed companies.

Chapter II: Incentive Standards

Article 6: Based on the progress of a company’s listing (or listing on a stock exchange) in our city, rewards shall be granted in stages and at different levels. Upon successful listing (or listing on a stock exchange), a cumulative financial reward of no more than 3.5 million yuan (inclusive) shall be granted. The reward standards are as follows:

(1) Completion of Shareholding System Reform.

Local enterprises that have completed the shareholding system reform, signed a financial advisory agreement for reform and listing or a listing guidance agreement with a sponsoring institution, and were included in the Sichuan Province Listing Candidate Enterprise Cultivation and Management Program in the same year they completed the shareholding system reform shall be granted a reward of 200,000 yuan.

(2) Completion of Domestic Listing (Quotation).

1. Enterprises in our city that list on the National Equities Exchange and Quotations (NEEQ) will receive a reward of 500,000 yuan.

2. Enterprises in our city that complete an initial public offering (IPO) on the Shanghai, Shenzhen, or Beijing Stock Exchanges shall be awarded 3.5 million yuan.

3. Enterprises that go public through market-oriented methods such as “shell acquisition,” “backdoor listing,” or share-for-share mergers in other regions, subsequently relocate the listed company’s registered office back to our city, and have paid taxes in our city for at least one year will be granted a reward of 3 million yuan.

(3) Overseas Listings.

For enterprises listed overseas where the tax revenue of their business entities in our city exceeds 50% of the listed company’s consolidated financial statements (or where they commit that all business entities within Neijiang City will meet the above conditions within five years), and where 80% of the raised funds are invested in our city (with foreign capital entering business entities within Neijiang City in the form of international direct investment), a reward of 1% of the raised funds will be granted, up to a cumulative total of 1 million yuan.

Article 7: If the same enterprise completes shareholding reform and lists on the National Equities Exchange and Quotations (NEEQ) in the same calendar year, it shall be granted a reward based on the NEEQ listing standards;If the same enterprise meets multiple reward criteria under these Measures in different years, subsequent applications shall be granted rewards after deducting the funds already received under these Measures from the corresponding reward standards; if the same enterprise has already received relevant listing subsidies from Neijiang City prior to the issuance of these Measures, subsequent applications shall be granted rewards after deducting the corresponding amounts in accordance with the reward procedures of these Measures; the applying enterprise must complete the reward application in the year following the completion of the aforementioned matters; failure to do so within the deadline shall be deemed an automatic waiver of the application eligibility, and no retroactive applications will be accepted.

Chapter 3: Application Materials

Article 8: Requirements for the submission of application materials by enterprises are as follows:

(1) Completion of Shareholding System Reform.

1. Neijiang City Enterprise Shareholding System Reform Incentive Application Form (bearing the official company seal);

2. Business license and documents regarding business registration changes (copies bearing the official company seal);

3. Financial advisory agreement for restructuring and listing or listing guidance agreement signed with the sponsoring institution;

4. Copy of the account opening permit (original to be presented for verification).

(2) Completion of Domestic Listing (Quotation).

1. Neijiang City Enterprise Domestic Listing (Quotation) Incentive Application Form (with official seal);

2. Document issued by the China Securities Regulatory Commission (CSRC) approving the public offering of shares (required for companies listed domestically);

3. Approval documents issued by the stock exchange or the National Equities Exchange and Quotations (NEEQ);

4. Relevant documents issued by the securities registration and settlement institution;

5. Proof of tax payment in this city for at least one year (required for enterprises listed through “shell acquisition” or “backdoor listing” in other regions);

6. Copy of the Account Opening Permit (original to be presented for verification).

(III) Overseas Listing.

1. Neijiang City Enterprise Overseas Listing Incentive Application Form (bearing the official company seal);

2. Documents issued by the overseas securities regulatory authority approving the public offering of shares; relevant documents issued by the overseas stock exchange approving the listing;

3. Documentation proving the controlling and controlled relationship between the overseas entity and the domestic entity (required for “red chip” listings);

4. Special audit report on the到位 of financing and tax contribution ratio of entities within Neijiang;

5. Deposit slips showing funds entering the city via international direct investment into entities within Neijiang, and the company’s articles of association reflecting the change in registered capital;

6. Prospectus of the overseas-listed entity and supporting materials regarding the allocation of raised funds to the city;

7. A copy of the account opening permit (original to be presented for verification).

Chapter IV: Application Process

Article 9: Enterprises eligible for rewards under these Measures shall submit relevant materials to the Office of the Financial Work Leading Group at their place of registration by the end of March of the year following the year in which they met the reward criteria.

Article 10: The Office of the Financial Work Leading Group of each county (city, district), in conjunction with the departments of Economy and Information Technology, Science and Technology, and Development and Reform, shall verify the authenticity and completeness of the materials in accordance with the provisions of these Measures. They shall then jointly issue a review opinion and submit it to the Municipal Financial Work Bureau (for municipal-level enterprises, the Municipal Financial Work Bureau shall conduct the verification directly in conjunction with relevant departments).The Municipal Financial Work Bureau, in conjunction with the departments of Economy and Information Technology, Science and Technology, and Development and Reform, shall conduct a re-examination based on the enterprise’s application materials and the review opinions issued by the counties (cities, districts). If necessary, the Bureau may promptly contact the enterprise to request additional supporting materials.

Chapter V: Fund Allocation and Disbursement

Article 11: Based on the results of the re-examination, the Municipal Financial Affairs Bureau shall submit a request for fund disbursement to the Municipal Government; after approval by the Municipal Government, the Municipal Finance Bureau shall arrange for the timely and full disbursement of the incentive funds.

Chapter 6: Supervision and Management

Article 12. Enterprises shall submit application materials truthfully. If it is discovered that an enterprise has obtained the reward through means such as falsifying information or fraud, the financial regulatory authorities shall recover the full amount; if such acts constitute a crime, criminal liability shall be pursued in accordance with the law.

Chapter VII: Supplementary Provisions

Article 13: Enterprises that conducted their initial public offering (IPO) on the New Third Board Select Layer prior to the establishment of the Beijing Stock Exchange shall be deemed to have completed their IPO on the Beijing Stock Exchange.

Article 14  The Neijiang Municipal Financial Work Bureau shall be responsible for interpreting these Measures. Where other relevant municipal-level policies and regulations conflict with these Measures, the provisions of these Measures shall prevail; furthermore, no project or matter may receive duplicate benefits.

Article 15. These Measures shall take effect on March 31, 2022, and shall remain valid for a period of five years.