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All member units:
WISCO call warrants (transaction abbreviation JTB1, transaction code 580001, exercise code 582001) and WISCO put warrants (transaction abbreviation JTP1, transaction code 580999, exercise code 582999) will be listed on the Exchange. In order to maintain its trading order and promote the healthy development of the warrant market, in accordance with the relevant provisions of the Interim Measures of the Shanghai Stock Exchange for the Administration of Warrants, we hereby notify the securities company of the matters related to the creation of WISCO call warrants and WISCO put warrants after listing.
1、 A securities company (hereinafter referred to as "the founder") that has obtained the qualification for pilot innovation activities of the Securities Association of China may create warrants in accordance with the provisions of this Circular.
2、 The warrants created by the founder shall be the same as the WISCO call warrants or WISCO put warrants, and use the same transaction code and exercise code.
3、 If the warrant is created, the founder shall open a special account for warrant creation and a special account for performance guarantee securities in Shanghai Branch of China Securities Depository and Clearing Corporation Limited (hereinafter referred to as "Shanghai Branch of China Securities Depository and Clearing Corporation Limited"), and deposit all the shares of WISCO in the special account for performance guarantee securities for the purpose of guarantee of exercise and performance. The special account for warrant creation and the special account for performance guarantee securities shall be designated at the same seat.
If a put warrant is created, the creator shall open a special account for warrant creation and a special account for performance guarantee fund in CSDCC Shanghai Branch, and deposit cash in the special account for performance guarantee fund in full for the purpose of exercise and performance guarantee.
The founder shall report the above-mentioned accounts and seats to the Exchange for filing.
4、 The shares or funds of WISCO that have been pledged, frozen by the judiciary or have other rights defects shall not be used to create performance guarantee for the warrants.
5、 If the founder applies to the Exchange for the creation of warrants, it shall provide the certificate issued by CSDCC Shanghai Branch that it has provided the exercise performance guarantee. After examination and approval, the Exchange will notify CSDCC Shanghai Branch to set up a special account for warrants to generate tradable warrants on the next day.
6、 After the creation of the warrant, the creator may apply to the Exchange for cancellation of the warrant. Upon examination and approval, the Exchange will notify CSDCC Shanghai Branch to cancel the warrants on the same day and unlock the corresponding stocks or funds the next day.
7、 The founder shall not apply for the creation or cancellation of warrants more than once a day, and the number of each creation or cancellation shall not be less than 1 million.
8、 When the warrant is exercised, the founder shall perform its obligations before WISCO Group. If there is more than one creator of the same warrant, each creator shall perform its obligations in the order of "later creation first exercise".
9、 In case of violation of the relevant provisions of this notice, this ownership will suspend or cancel its creation qualification.
This Circular shall come into force as of November 28, 2005. Where there are no provisions in this Circular, the Interim Measures and other relevant provisions of the Exchange shall apply.
Shanghai Stock Exchange
November 21, 2005
Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
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