非上市公众公司重大资产重组管理办法 中英文

非上市公众公司重大资产重组管理办法Administrative Measures for the Material Asset Reorganization ofNon-listed Public Companies颁布机关:中国证券监督管理委员会Promulgating Institution: China Securities Regulatory Commission文号:中国证券监督管理委员会令第103号Document Number: Order No.103 of the China Securities Regulatory Commission颁布时间: Promulgating Date: 06/23/2014 06/23/2014实施时间: Effective Date: 07/23/2014 07/23/2014效力状态: Validity Status: 有效Valid第一章总则Chapter 1: General Provisions第一条为了规范非上市公众公司（以下简称公众公司）重大资产重组行为，保护公众公司和投资者的合法权益，促进公众公司质量不断提高，维护证券市场秩序和社会公共利益，根据《公司法》、《证券法》、《国务院关于全国中小企业股份转让系统有关问题的决定》、《国务院关于进一步优化企业兼并重组市场环境的意见》及其他相关法律、行政法规，制定本办法。

Article 1 With a view to regulating the activities of material asset reorganization of non-listed public companies (hereinafter referred to as the "Public Companies"), protecting the legitimate rights and interests of Public Companies and investors, promoting the continuous improvement in the quality of Public Companies, and safeguarding the order of the securities market and public interests, these Measures are formulated pursuant to the Company Law, the Securities Law, the Decision of the State Council on Issues Relating to the National Equities Exchange and Quotations, the Opinions of the State Council on Further Optimizing the Market Environment for the Merger and Reorganization of Enterprises , and other relevant laws and administrative regulations.第二条本办法适用于股票在全国中小企业股份转让系统（以下简称全国股份转让系统）公开转让的公众公司重大资产重组行为。

Article 2 These Measures shall apply to the activities of material asset reorganization by Public Companies whose shares are publicly transferrable via the National Equities Exchange and Quotations ("NEEQ").本办法所称的重大资产重组是指公众公司及其控股或者控制的公司在日常经营活动之外购买、出售资产或者通过其他方式进行资产交易，导致公众公司的业务、资产发生重大变化的资产交易行为。

For the purpose of these Measures, material asset reorganization shall refer to the asset transaction activities whereby a Public Company and the companies in which it serves as the controlling shareholder or controller purchase or sell assets, or transact assets by other means beyond the ordinary course of business, resulting in material changes in the business or assets of the Public Company.公众公司及其控股或者控制的公司购买、出售资产，达到下列标准之一的，构成重大资产重组：A transaction of material asset reorganization shall be constituted if a Public Company and the companies in which it serves as the controlling shareholder or controller reach any of the following thresholds in the purchase or sale of assets:（一）购买、出售的资产总额占公众公司最近一个会计年度经审计的合并财务会计报表期末资产总额的比例达到50%以上；(1) Where the total amount of assets purchased or sold reaches 50% or more of the amount of total assets as at the end of the reporting period of the audited consolidated financial and accounting statements of the Public Company in the past fiscal year; or（二）购买、出售的资产净额占公众公司最近一个会计年度经审计的合并财务会计报表期末净资产额的比例达到50%以上，且购买、出售的资产总额占公众公司最近一个会计年度经审计的合并财务会计报表期末资产总额的比例达到30%以上。

(2) Where the net amount of assets purchased or sold reaches 50% or more of the amount of net assets as at the end of the reporting period of the audited consolidated financial and accounting statements of the Public Company in the past fiscal year, and the total amount of assets purchased or sold reaches 30% or more of the amount of total assets as at the end of the reporting period of the audited consolidated financial and accounting statements of the Public Company in the past fiscal year.公众公司发行股份购买资产触及本条所列指标的，应当按照本办法的相关要求办理。

A Public Company shall comply with relevant requirements herein if it triggers the thresholds listed in this Article by issuing shares to purchase assets.第三条公众公司实施重大资产重组，应当符合下列要求：Article 3 A Public Company that engages in material asset reorganization shall meet the following requirements:（一）重大资产重组所涉及的资产定价公允，不存在损害公众公司和股东合法权益的情形；(1) The assets involved in the material asset reorganization shall be fairly priced, and shall not fall under any circumstances that prejudice the legitimate rights and interests of the Public Company and its shareholders;（二）重大资产重组所涉及的资产权属清晰，资产过户或者转移不存在法律障碍，相关债权债务处理合法；所购买的资产，应当为权属清晰的经营性资产；(2) The assets involved in the material asset reorganization shall have clear ownership, the ownership transfer or physical transfer of such assets shall be free from legal obstacles, and the handling of relevant claims and liabilities shall be legitimate; the assets to be purchased shall be operating assets with clear ownership;（三）实施重大资产重组后有利于提高公众公司资产质量和增强持续经营能力，不存在可能导致公众公司重组后主要资产为现金或者无具体经营业务的情形；(3) The material asset reorganization, after completion, is conducive to improving the asset quality and enhancing the continued operating viability of the Public Company, and will not lead to the situations whereby after the reorganization the principal assets of the Public Company are cash or the Public Company will have no specific operating business; and（四）实施重大资产重组后有利于公众公司形成或者保持健全有效的法人治理结构。