Shanghai and Shenzhen Stock Exchanges revised and released stock listing rules to promote listed companies to optimize internal governance.

On the evening of April 25th, the Shanghai and Shenzhen Stock Exchanges revised and issued the guidelines for stock listing rules and supporting rules. This revision aims to further implement the new Company Law, link up with higher-level regulations such as the "Regulations on Information Disclosure of Listed Companies" and the "Guidelines for Articles of Association of Listed Companies" issued by the China Securities Regulatory Commission, promote listed companies to optimize internal governance, and effectively protect the legitimate rights and interests of small and medium-sized investors. Industry insiders believe that good corporate governance is an important guarantee for the continuous and healthy development of listed companies, which is conducive to preventing corporate risks and boosting investor confidence.