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Announcement No. 18 [2015] of the China Securities Regulatory Commission— Substantial Shareholders, Directors, Supervisors and Senior Executives of Listed Companies Shall Not Reduce Shareholding Within Six Months [Expired]
中国证券监督管理委员会公告[2015]18号——上市公司大股东及董事、监事、高级管理人员6个月内不得减持 [失效]
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Announcement of the China Securities Regulatory Commission 

中国证券监督管理委员会公告

(No. 18 [2015]) (〔2015〕18号)

Recently, the securities market has experienced an irrational slump. In order to maintain the stability of the capital market and effectively protect investors' lawful rights and interests, the relevant matters are hereby announced as follows: 近期,证券市场出现非理性下跌,为维护资本市场稳定,切实维护投资者合法权益,现就相关事项公告如下:
I. Within six months as of today, the controlling shareholders and shareholders holding 5% or more shares (hereinafter collectively referred to as “substantial shareholders”) of a listed company as well as its directors, supervisors and senior executives shall not reduce through the secondary market the company's shares held by them.   一、从即日起6个月内,上市公司控股股东和持股5%以上股东(以下并称大股东)及董事、监事、高级管理人员不得通过二级市场减持本公司股份。
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