Notice of SSE Cutting Listing Fees for Listed Companies

All market participants,

In order to further implement the policy of cutting fees, lower the direct financing cost and better serve the real economy, upon study, the Shanghai Stock Exchange (SSE) has decided to cut the listing fees for shares (including depository receipts) in listed companies on the Main Board and the SSE STAR Market from January 1, 2020. The adjustments are as follows:

1. The initial listing fees and theannual sustaining feesfor shares (including depository receipts) in listed companies on the Main Board are cut (see attachment), and those for shares (including depository receipts) in any listed company with 0.4 billion total issued shares or below are exempted.

2. In order to support the growth of sci-tech enterprises, the initial listing fees and the annual sustaining feesfor shares (including depository receipts) in listed companies on the SSE STAR Market will be fixed at: 50% of the adjusted ones for the Main Board (temporarily exempted).

3. The initial listing fees and the annual sustaining feesfor preferred shares will be fixed at: 80% of the ones for the Main Board and the SSE STAR Market (temporarily exempted).

Time for resuming the above-mentioned temporarily-exempted fees will be subject to a further notice.
 

Attachment: SSE Listing Feesfor Listed Companies
 

Shanghai Stock Exchange

December 31, 2019