The Shenzhen Stock Exchange ("SZSE") has recently issued the Offering and Listing Guide to Initial Public Offerings (Revised in 2018) (the "Guide").
The Guide introduces revisions in nine respects. First, the Deadline for Each Business Concerning the Launch of an IPO for SZSE's Marketing Department (Version for Lead Underwriters), Appendix I to the Guide, is added. Second, the Deadline for Each Operation on the EIPO Platform for a Lead Underwriter, Appendix II to the Guide, is added. Third, a requirement in respect of the submission of announcements on the online lot-winning rate, among others, is added. Fourth, a requirement concerning the sponsor's submission of electronic review reports for IPOs (or listing on the SME Board or on the ChiNext Board) on or before the T+4 day, is added. Fifth, a new requirement that an issuer shall provide, on the L-1 day, invoice information via the module exclusively for affairs of listed companies, is added. Sixth, details about the IPO ceremony and the format of the list of participants in the IPO ceremony (for reference only) are improved. Seventh, an extra written document (original copy), part of IPO documents requested, reading that "the company and its directors, supervisors and senior executives hereby warrant that all IPO application documents submitted to the SZSE are truthful, accurate and complete and are free of any misrepresentation, misleading statement or material omission", should be provided. Eighth, a new requirement that "the proposed securities abbreviation is not identical to the abbreviation of any company listed in the exchange or in the relevant board", is added into the Application for a Securities Abbreviation and a Securities Code which is provided as a reference. And ninth, contact numbers of relevant institutions are updated.