香港创业板上市要求摘要

香港创业板上市要求摘要截至二零零六年六月业务纪录及市值要求至少有24个月活跃业务纪录活跃业务纪录的年限可获豁免至12个月如：•首次上市文件中会计师报告显示其过去12个月内的营业额不少于港币5亿元•会计师报告内的资产负债表显示其上一个财政期间的总资产不少于港币5亿元•上市时厘定之市值不少于港币5亿元•上市时厘定之市值不少于港币1亿5千万元由公众持有没有盈利要求开采天然资源的公司及新成立的「工程项目」公司(例如基建公司)可获豁免，接纳为期较短的业务纪录在活跃业务纪录期间，必须在基本相同的管理层及拥有权下营运必须主力经营一项业务必须控制董事会的组成，并持有上市业务不少于50%的经济权益最低公众持股量若公司在上市时的市值不超过港币40亿元，最低公众持股量必须不少于港币3,000万元或占发行人已发行股本总额的25%，以较高者为准若公司在上市时的市值超过港币40亿元，最低公众持股量则不少于港币10亿元或占发行人已发行股本总额的20%，以较高者为准未来展望须说明公司在上市当年余下的财政年度及其后两个完整财政年度的业务目标可选择包括盈利预测会计师报告必须按照「香港财务汇报准则」或「国际财务汇报准则」编制若公司目前或将会同时在纽约证券交易所或纳斯达克全国市场上市，则其根据「美国公认会计准则」编制的账目可被接受在一般情况下，会计师报告至少涵盖在上市文件公布前最后两个完整的财政年度会计师报告所呈报的最后一个财务会计期的结算日不得与招股章程日期相隔超过六个月公司管治须有三名独立非执行董事须有合资格的注册会计师须设立审核委员会须有监察主任须聘任一名保荐人担任顾问，任期至少由上市当年余下的财政年度至其后两个完整财政年度可接受的司法地区香港、百慕达、开曼群岛及中华人民共和国对上市前股东的限制上市时的管理层股东须承诺，在公司上市文件披露日至上市后首十二个月内(若所持权益不超过1%，则减至六个月)，不会出售其在公司的权益上市时的高持股量股东必须承诺在公司上市文件披露日至上市后首六个月内，不会出售其在公司的权益其他考虑因素管理层股东、主要股东或董事可进行与公司有竞争的业务，但须作全面披露可选择纯以配售形式上市无硬性包销规定公司在上市后首六个月内，除可发行新股用作收购可配合其主营业务的资产外，不能发行新股Hong Kong Growth Enterprise Market listing requirementsHighlights (As of June 2006)Track record and market capitalisation requirementsAt least 24 months of active business pursuitsThe period of active business pursuits can be reduced to at least 12 months if:-•Turnover of not less than HK$500 million in the last 12 months reported upon in the accountants' report•Total assets of not less than HK$500 million as shown in the balance sheet in respect of the last financial period reported upon in the accountants' report •Market capitalisation of at least HK$500 million at the time of listing•Minimum market capitalisation of HK$150 million held by the public at the time of listingNo profit requirementExemptions may be granted for natural resources exploitation companies and newly formed project companies, such as major infrastructure projects, which can have shorter trading recordsMust be under substantially the same management and ownership over the period of active business pursuitsMust actively pursue a focused line of businessMust control the composition of the board directors and must have economic interest of not less than 50% of the businessMinimum public floatMarket capitalisation of the higher of HK$30 million and 25% of the issuers' total issued share capital held by the public at the time of listing, if the market capitalisation of the issuer does not exceed HK$4 billionMarket capitalisation of the higher of HK$1 billion and 20% of the issuers' total issued share capital held by the public at the time of listing, if the market capitalisation of the issuer exceeds HK$4 billionFuture prospectsStatement of business objectives for the period covering the remaining financial year during which listing occurs and the two full financial years thereafter Inclusion of profit forecast is optionalAccountants' reportMust be prepared in accordance with either Hong Kong Financial Reporting Standards or International Financial Reporting StandardsGenerally accepted accounting principles in the United States of America (US GAAP) are acceptable if the company is listed, or will be simultaneously listed, on either the New York Stock Exchange or the NASDAQ National MarketIn general, accountants' report covers at least two complete financial years, immediately preceding the issue of the prospectusThe latest financial period reported on by the reporting accountants must not have ended more than six months before the date of the listing documentCorporate governanceThree independent non-executive directors requiredQualified accountant requiredAudit committee requiredCompliance officer requiredRequired to appoint a sponsor as an advisor for the period covering at least the remaining financial year during which the listing occurs and two full financial years thereafterAcceptable jurisdictionsHong Kong, Bermuda, the Cayman Islands and the People's Republic of ChinaRestrictions on initial shareholdersAn initial management shareholder at the time of listing must undertake not to dispose of his interest in the issuer from the prospectus issue date to the first twelve months after the listing, reduced to six months if his interest is not more than 1%A significant shareholder at the time of listing must undertake not to dispose of hisinterest in the issuer from the prospectus issue date to the first six months after the listingOther considerationsCompeting businesses of management shareholders, substantial shareholders or directors are allowed but full disclosure is requiredMay list by way of placing onlyNo underwriting requirementListed issuer is not allowed to issue new securities in the first six months after listing except for the purpose of acquiring assets which will complement its focused line of business。