Recently, the National Equities Exchange and Quotations Co., Ltd. ("NEEQ") has formulated and issued the Key Points for the Review of Material Assets Restructuring of NEEQ-listed Companies (the "Key Points") and the Review Progress Chart for Material Assets Restructuring Projects under Review of NEEQ-listed Companies.
The Key Points mainly provide clarity on review requirements for three links, including the reporting of insiders having access to inside information about the material assets restructuring of a NEEQ-listed company, the initial information disclosure (including the disclosure of the restructuring plan and the publication of the restructuring report), and the record-filing of the purchase of assets through the offering of shares. According to the Key Points, items to be reviewed at the first stage, implying the reporting of insiders with access to inside information, comprise five things, ranging from the registration form of insiders with access to non-public information, self-inspection report for the trading of securities, memorandum on the transaction progress, and letter of commitment made by all directors. In particular, with regard to the "self-inspection report for the trading of securities", four items need to be examined, such as whether subjects indicated on the registration form of insiders with access to non-public information have all submitted their own self-inspection report for the trading of securities.