第一部分 披露准则 1
外国发行人跨国发行和首次上市的国际披露准则 1
前言 3
术语的定义 6
C.审计师 7
B．方法和预期的时间表 7
二、发行统计资料和预期时间表 7
A．发行统计资料 7
B.顾问 7
A.董事和高级管理人员 7
一、董事、高级管理人员和顾问的身份 7
三、关键信息 8
A．主要财务数据 8
B．资本和负债 9
C．发行目的和募集资金的使用 9
D．风险因素 9
四、公司信息 10
A．公司的历史及发展 10
B．业务概述 10
A．经营成果 11
五、经营、财务回顾和展望 11
C．组织结构 11
D．不动产、厂房及设备 11
B．流动性和资金来源 12
C．研究和开发，专利和特许经营等 12
D．趋势信息 12
六、董事、高级管理人员和雇员 13
A．董事和高级管理人员 13
B．报酬 13
C．董事会情况 13
七、大投东和关联方交易 14
A．主要股东 14
D．雇员 14
E．股份 14
B．关联方交易 15
C．专家和顾问的利益 15
八、财务信息 15
A．合并报表和其他财务信息 16
A．发行和上市细节 17
B．重大变动 17
九、发行和上市 17
B．分销计划 18
C．市场 19
D．出售股票的原股东 19
E．产权稀释 19
F．发行费用 19
十、其它信息 20
A．股本 20
B．公司章程 21
C．重要合同 22
D．兑付管制 22
E．税务 22
F．股利分配和支付机构 22
G．专家声明 22
H．展示的备查文件 22
I．子公司的信息 22
第二部分 标准范畴之外的披露问题 23
一、重要性 23
二、引述参考文件 28
三、展示的备查文件 30
四、前景推测信息 32
五、标准范畴之外的特殊行业 35
六、资产评估 40
七、责任声明 41
八、封面披露与承诺 42
九、民事责任的执行 45
十、董事和管理人员的报酬 46
十一、盈利对固定费用的比率 46
十二、独立财务信息 47
十三、补充信息 48
十四、信息的省略 49
十五、股权证书 50
十六、衍生证券和市场风险 51
十七、财务报表重述 52
十八、辅助信息 52
十九、在其他交易所上市 54
二十、欧盟内部相互承认 54
INTRODUCTION 57
INTERNATIONAL DISCLOSURE STANDARDS FOR CROSS-BORDER OFFERINGS AND INITIAL LISTINGS BY FOREIGN ISSUERS 57
PART ⅠDISCLOSURE STANDARDS 57
GLOSSARY OF DEFINED TERMS 61
Ⅰ.IDENTITY OF DIRECTORS,SENIOR MANAGEMENT AND ADVISERS 62
A.Directors and Senior Management 62
Ⅱ.OFFER STATISTICS AND EXPECTED TIMETABLE 63
A.offer Statistics 63
B.Method and Expected Timetable 63
C.Auditors 63
B.Advisers 63
Ⅲ.KEY INFORMATION 64
A.Selected Financial Data 64
B.Capitalization and Indebtedness 65
C.Reasons for the Offer and Use of Proceeds 65
D.Risk Factors 66
Ⅳ.INFORMATION ON THE COMPANY 66
A.History and Development of the Company 66
B.Business Overview 67
Ⅴ.OPERATING AND FINANCIAL REVIEW AND PROSRECTS 68
C.Organizational Structure 68
D.Property,Plants and Equipment 68
A.Operating Results 69
B.Liquidity and Capital Resources 69
C.Research and Development,Patents and Liceneses,etc 70
D.Trend Information 70
Ⅵ.DIRECTORS,SENIOR MANAGEMENT AND EMPLOYEES 71
A.Directors and Senior Management 71
B.Compensation 71
E.Share Ownership 72
C.Board Practices 72
D.Employees 72
Ⅶ.MAJOR SHAREHOLDERS AND RELATED PARTY TRAESACTIONS 73
A.Major Shareholders 73
B.Related Party Transactions 74
C.Interdst of Experts and Counsel 75
Ⅷ.FINANCIAL INFORMATION 75
A.Consolidated Statements and Other Financial Information 75
Ⅸ.THE OFFER AND LISTING 77
B.Significant Changes 77
A.Offer and Listing Details 78
B.Plan of Distribution 79
C.Markets 81
D.Selling Shareholders 81
E.Dilution 81
F.Expenses of the Issue 81
Ⅹ.ADDITIONAL INFORMATION 82
A.Shsre Capital 82
B.Memorandum and Articlec of Association 83
C.Material Contracts 84
D.Exchange Controls 84
E.Taxation 85
F.Dividends and Paying Agents 85
G.Statement by Experts 85
H.Documents on Display 85
I.Subsidiary Information 85
Ⅰ.MATERIALITY 86
PARTⅡDISCLOSURE ISSUES OUTSIDE THE SCOPE OF THE STANDARDS 88
Ⅱ.INCORPORATION BY REFERENCE 94
Ⅲ.DOCUMENTS ON DISPLAY 96
Ⅳ.PROJECTIONS AND FORWARD LOOKING INFORMATION 98
Ⅴ.SPECIALIZED INDUSTRIES OUTSIDE THE SCOPE OF THE STANDARDS 102
Ⅵ.PROPERTY VALUATIONS 106
Ⅶ.RESPONSIBILITY STATEMENTS 107
Ⅷ.COVER PAGE DISCLOSURE AND UNDERTAKINGS 109
Ⅸ.ENFORCEABILITY OF CIVIL LIABILITIES 112
Ⅹ.INDEMNIFICATION OF DIRECTORS AND OFFICERS 112
Ⅻ.SEPARATE FINANCIAL INFORMATION 113
Ⅺ.RATIO OF EARNINGS TO TIXED CHARGES 113
ⅩⅢ.SUPPLEMENTARY INFORMATION 114
ⅩⅣ.OMISSION OF INFORMATION 116
ⅩⅤ.CERTIFICATES REPRESENTING SHARES 117
ⅩⅥ.DERIVATIVES AND MARKET RISK 118
ⅩⅦ.RESTATEMENT OF FINANCIAL STATEMENTS 119
ⅩⅧ.SUBSIDIARY INFORMATION 119
ⅩⅨ.LISTING ON OTHER EXCHANGES 121
ⅩⅩ.MUTUAL RECOGNITION WITHIN THE EUROPEAN UNION 121
后记 123