Enterprise mergers and acquisitions (M&A) is an important way for enterprises to seek rapid development and achieve optimal integration of resources. In order to optimize the investment environment of capital market in Hi-Tech Zone, promote the enterprises in the zone to become bigger and stronger through mergers and acquisitions, accelerate the industrial agglomeration and high-quality development, and formulate this policy in accordance with the actual situation of Chengdu Hi-Tech Zone.

Chapter I  Overall objective and scope of support

Article I Overall objective. To further promote enterprises to dock the multi-level capital market, enhance the comprehensive strength and core competitiveness of enterprises through mergers and acquisitions, promote industrial upgrading and structural optimization of Chengdu Hi-tech Zone, and accelerate the creation of a high-quality development demonstration zone.

Article 2 Scope of support. This policy supports enterprises whose industrial and commercial, tax and statistical relations are in Chengdu Hi-tech Zone. Enterprises with standardized management, no bad credit record, consciously abide by the laws and regulations on safety production, environmental protection, etc., and no major safety accidents in the past three years.

Chapter II  Support Policies

Article 3 Support for the high-tech zone eligible enterprises (i.e., mergers and acquisitions) mergers and acquisitions of enterprises outside of Sichuan (i.e., merged and acquisitions) and mergers and acquisitions completed. After the completion of the merger and acquisition, the headquarters of the merged and acquired party's industrial and commercial, tax and statistical relations from outside the province to the high-tech zone, according to the merger and acquisition of 1% of the transaction amount to give the merged and acquired party a maximum of not more than 5 million yuan of one-time incentives.

Article 4 Support for high-tech zone eligible enterprises (i.e., mergers and acquisitions) mergers and acquisitions of listed companies outside of Sichuan Province (i.e., merged and acquired) and mergers and acquisitions are completed, merged and acquired headquarters of the industrial and commercial, tax and statistical relations from outside of the province relocated to the high-tech zone, in the third on the basis of the one-time maximum of five million yuan. Incentive.

Article 5 For successful mergers and acquisitions of high-tech zone enterprises (i.e., mergers and acquisitions), mergers and acquisitions of intermediary costs incurred in the process of subsidies for each enterprise up to 3 million yuan per annum, in accordance with the maximum of up to 50% of the intermediary costs of the proportion of the merger and acquisition of subsidies given to the merger and acquisition of parties.

Article 6 Support high-tech zone state-owned enterprises and high-tech zone listed companies to form a special fund for mergers and acquisitions to carry out market-oriented mergers and acquisitions. The subject of mergers and acquisitions (i.e., the merged party) industry and commerce, tax and statistical relations from outside Sichuan Province to the high-tech zone, high-tech zone state-owned enterprises in the mergers and acquisitions of special funds in the proportion of up to 30% of the total size of the special fund mergers and acquisitions.

Article 7 The high-tech zone state-owned enterprises with the formation of mergers and acquisitions special fund of high-tech zone listed companies to obtain mergers and acquisitions loan, in its loan settlement, the maximum not more than 30% of the actual interest paid by the proportion of the subsidized support, the total amount of subsidies for each enterprise does not exceed 5 million yuan.

Article VIII For the high-tech zone state-owned enterprises to cooperate with the formation of mergers and acquisitions special fund of high-tech zone listed companies, if the mergers and acquisitions special fund target (i.e., merged party) exit to obtain the excess earnings, in accordance with the mergers and acquisitions special fund of the amount of excess earnings of 50% to give a one-time incentive.

Chapter III  By-laws

Article IX Enjoy the policy of the enterprise, the survival of the principle of high-tech zones in the normal operation of not less than ten years. If the enterprise is canceled within ten years or the business, tax and statistical relations moved out of Chengdu Hi-tech Zone, the policy incentive funds need to be returned in full.

Article 10 This policy is interpreted by the Administrative Committee of Chengdu Hi-tech Zone. Specific implementation details shall be formulated by the financial authorities of Chengdu Hi-tech Zone in consultation with relevant departments.

            Article 11  This document shall come into force on November 1, 2022, and shall be valid for three years. In the course of implementation of this policy, in case of new provisions of the higher authorities, it will be implemented in accordance with the new provisions.