Requirements for listing

Subject Qualification A legally established and legally surviving joint stock limited company A legally established and legally surviving joint stock limited company

Operating Period The operating period should be more than 3 years (a joint stock limited company can be counted continuously if it is converted into a joint stock company with its shares converted from the original book value of its net asset value). The whole change of a limited company into a joint stock company at a discount to its original book net asset value can be calculated continuously)

Profitability requirements (1) The net profit for the last three fiscal years is positive and exceeds RMB30 million in aggregate, with the net profit calculated on the basis of the lower of the net profit before and after deduction of extraordinary gains and losses;

(2) The net cash flow generated from the operating activities exceeds RMB50 million in aggregate for the last three fiscal years; or the net cash flow generated from the operating activities exceeds RMB150 million in aggregate for the last three fiscal years. 10 million yuan; or operating revenue exceeding RMB300 million yuan in aggregate in the last 3 fiscal years;

(3) no unrecovered losses in the most recent period; continuous profitability in the last 2 years, and net profit of not less than RMB10 million yuan in aggregate in the most recent 2 years, with continuous growth.

Or

Profitable in the most recent year with net profit of not less than RMB5 million, operating revenue of not less than RMB50 million in the most recent year, and operating revenue growth rate of not less than 30% in each of the most recent 2 years.

Net profit shall be calculated on the basis of the lower of before and after deducting non-recurring profit and loss

(Note: the above requirements are optional, meeting one of them is sufficient)

Asset Requirements The ratio of intangible assets (after deducting land use rights, water surface farming rights and mining rights, etc.) to the net assets as of the end of the most recent period shall not be higher than 20% Net assets as of the end of the most recent period shall be not less than RMB20 million, and There is no uncompensated loss.

Share Capital Requirements Total share capital of not less than RMB 30 million before issuance Total share capital of not less than RMB 30 million after issuance

Main Business Requirements No significant change in the main business within the last three years The issuer shall mainly operate one business, and its production and operation activities shall comply with the laws, administrative regulations and the Articles of Association, and with the national industrial policies and environmental protection policies. No significant changes have occurred within the last 2 years.

Directors and management No significant changes in the last 3 years No significant changes in the last 2 years.

Actual controller No change in the actual controller within the last 3 years No change in the actual controller within the last 2 years

Interbank competition No interbank competition between the issuer's business and the controlling shareholders, the actual controller and other enterprises under their control There is no interbank competition and no interbank competition, as well as no interconnected transactions that would seriously affect the company's independence, or unfairly affect the company's independence, between the issuer and the controlling shareholders, the actual controller and other enterprises under their control. or significantly unfair connected transactions.

Related Transactions There shall be no unfair related transactions, the price of related transactions shall be fair, and there shall be no manipulation of profits through related transactions. There shall be no related transactions between the issuer and its controlling shareholders, de facto controllers and other enterprises under their control that seriously affect the company's independence or are unfair.

Growth and innovation ability None The issuer has high growth, a certain degree of independent innovation ability, and strong competitive advantages in scientific and technological innovation, institutional innovation, management innovation, etc.

(Please refer to the "two highs and five news", i.e.,

1. High-technology: where the enterprise possesses independent intellectual property rights;

2. High-tech: enterprises with independent intellectual property rights;

2. High-growth: enterprise growth is higher than the national economic growth, higher than the industry's economic growth;

3. New Economy: 1) the combination of the Internet and the traditional economy, 2) mobile communications, 3) biomedicine;

4. New Services: new business models such as 1) financial intermediaries, 2) logistics intermediaries, 3) real estate intermediaries;

5. New energy: the development and utilization of renewable energy, the comprehensive utilization of resources;

6. New materials: materials to improve resource efficiency; resource-saving materials;

7. New agriculture: with the industrialization of agriculture; to improve the employment of farmers, income)

Use of Funds Raised There should be a clear direction for the use of the funds raised, in principle, for the main business of the issuer should be used for the main business and have a clear direction for the use of the funds raised. be used for the main business with a clear direction of use. The amount of funds raised and the investment projects shall be compatible with the issuer's existing scale of production and operation, financial condition, technical level and management capability.

Restricted Actions (1) Significant changes have occurred or will occur in the issuer's business model, the variety structure of its products or services, and constitute a material adverse effect on the issuer's sustained profitability

(2) Significant changes have occurred or will occur in the issuer's industry position or the operating environment of the industry in which the issuer operates, and constitute a material adverse effect on the issuer's sustained profitability

(3) the issuer's operating income or net profit for the most recent fiscal year is materially dependent on a related party or a customer for which there is a material uncertainty;

(4) the issuer's net profit for the most recent fiscal year is derived mainly from investment income outside the scope of the consolidated financial statements

(5) the issuer's trademarks, patents, know-how, and franchises in use, and other Risk of material adverse changes in the acquisition or use of important assets or technologies

(6) Other circumstances that may have a material adverse effect on the issuer's sustainable profitability (1) The issuer's business model, the variety structure of its products or services has or will undergo material changes and will have a material adverse effect on the issuer's sustainable profitability;

(2) The issuer's industry position or the business environment of the industry in which the issuer operates has changed or will change significantly, and constitutes a material adverse impact on the issuer's sustained profitability;

(3) there is a risk of a material adverse change in the acquisition or use of the issuer's trademarks, patents, know-how, franchises, and other important assets or technologies in use;

(4) the issuer's operating income or net profit for the most recent year has changed significantly in relation to a related party or the issuer's business model, products or services, or the structure of the products or services. (4) Significant dependence of the issuer's operating income or net profit on related parties or customers with significant uncertainties;

(5) The issuer's net profit in the recent year mainly derived from investment income outside the scope of the consolidated financial statements;

(6) Other circumstances that may constitute a material adverse effect on the issuer's sustainable profitability.

Violations There has been a public or disguised public offering of securities within the last 36 months without the approval of the statutory authorities, or the relevant violation, although occurring 36 months ago, is still in a state of continuity; no other major violations of the law within the last 36 months The issuer, its controlling shareholders and de facto controllers do not have any violations of law that have harmed the lawful rights and interests of the investors and the public*** interests of society within the last three years. The issuer, its controlling shareholders and de facto controllers have not committed any major illegal acts in the recent three years. The issuer, its controlling shareholders and de facto controllers have not issued securities publicly or in disguised form without the approval of the statutory authorities within the last three years, or the relevant illegal acts occurred three years ago but are still in a continuous state.