Re: Q&A in connection with supervision requirements in the event that refinancing investment projects satisfy the material assets restructuring standard

八、关于再融资募投项目达到重大资产重组标准时相关监管要求的问题与解答（2015年11月27日）

VIII.Relevant Q&A for supervision requirements in the event that refinancing investment projects satisfy the material assets restructuring standard (November 27, 2015)

问：上市公司再融资募投项目达到重大资产重组标准时，应当符合哪些监管要求？

Question: What supervision requirements should a listed company comply with when its refinancing investment projects satisfy the material assets restructuring standard?

答复：根据《上市公司重大资产重组管理办法》（以下简称《重组办法》）第二条第三款的规定，如果上市公司非公开发行预案披露的募投项目，在我会核准之后实施，或者该项目的实施与非公开发行获得我会核准互为前提，可以不再适用《重组办法》的相关规定。

Reply: According to the provisions of Article 2.3 of the Measures for Management of Material Assets Restructuring of Listed Companies (hereinafter referred to as the Restructuring Measures), if investment projects disclosed in the non-public offering of a listed company are implemented after approval by CSRC, or the implementation of such projects and acquisition of CSRC’s approval of non-public offering are mutually premises, the relevant provisions of the Restructuring Measures may be no more applicable.

如果募投项目不以非公开发行获得我会核准为前提，且在我会核准之前即单独实施，则应当视为单独的购买资产行为。如达到重大资产重组标准，应当按照《公开发行证券的公司信息披露内容与格式准则第26号—上市公司重大资产重组（2014年修订）》的规定编制、披露相关文件。

If the acquisition of CSRC’s approval of non-public offering doesn’t premise the investment projects, such investment projects implemented before approval by CSRC shall be deemed as individual asset purchasing behavior. If such investment projects satisfy the material assets restructuring standard, relevant documents shall be prepared and disclosed in light of the Information Disclosure Content and Format Norm of Company Publicly Offering Securities No. 26—Material Assets Restructuring of Listed Companies (Revised in 2014).

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