As part of the wider efforts to encourage more specialized, refined, differential and innovative enterprises in Beijing to enter the capital market and achieve high-quality growth, the green channel services for listing (hereinafter referred to the "green channel services") have been initiated by Beijing Equity Trading Center under the guidance of Beijing Municipal Bureau of Economy and Information Technology, by leveraging the institutional strength of the National Equities Exchange and Quotations (NEEQ) and relying on the specialized board for specialized, refined, differential and innovative enterprises in Beijing (hereinafter referred to as the "Specialized Board"), NEEQ, and the Beijing Service Base of Beijing Stock Exchange. The selection of the first batch of the enterprises eligible for the green channel services is currently underway.

I. Requirements

The green channel services are available for specialized, refined, differential and innovative small and medium-sized enterprises (SMEs) based in Beijing, specialized, refined, differential and innovative "little giants", and champions of the manufacturing industry. An eligible enterprise must also fulfill one of the following requirements.

1. The total net profit over the last two years amounted to at least CNY 8 million, or at least CNY 6 million in the last year alone;

2. The average operating revenue over the past two years reached at least CNY 30 million, with the operating revenue growth rate over the past year no less than 20 percent; or average operating revenue over the last two years reached at least CNY 50 million;

3. The total R&D investment over the last two years made up for at least 5 percent of the total operating revenue in the same period, or the total R&D investment over the last two years reached at least CNY 10 million; additionally, the enterprise must have received at least CNY 20 million in equity investment from professional institutional investors within the last 24 months.

II. Details of Services

(I) Estalishment of a Service Team

Beijing Municipal Bureau of Economy and Information Technology will formulate an initial plan for the green channel services and establish a service team, based on eligible enterprises' major businesses, industries, domains, and financial situations, among others. The service team will consist primarily of professionals from Beijing Municipal Bureau of Economy and Information Technology and Beijing Equity Trading Center while also leveraging the expertise of intermediaries such as broker-dealers for the collaborative provision of the green channel services.

(II) Inclusion of Enterprises in Beijing's Regional Equity Market

For enterprises that have not yet been included in Beijing's regional equity market, the service team will offer one-to-one customized services to include them in the market quickly and at zero cost. For enterprises that are already part of the market, the service team will directly provide the relevant services as needed.

(III) Focus of Green Channel Services

According to the Guidelines of Review of Public Transfer and Listing of Stocks for National Equities Exchange and Quotations: Application by and Review of Innovation-driven Enterprises in Regional Equity Markets (Trial), the green channel mechanism is one of the convenient ways for enterprises in the regional equity markets to apply to be listed on NEEQ (also known as the "New Third Board"). Four types of enterprises are eligible: specialized, refined, differential and innovative small and medium-sized enterprises, specialized, refined, differential and innovative "little giants", champions in the manufacturing industry, and specialized, refined, differential and innovative at cultivation level on the specialized board.

A fast track for review will be opened, and specialized support such as pre-application consultation, preferential acceptance, and fast review will be offered to improve the efficiency of application and listing processes for enterprises. In addition, Beijing Equity Trading Center and China Securities Depository and Clearing Corporation Limited (CSDC) have collaborated to establish a quick channel for registration and settlement that will expedite the equity registration processes for enterprises that have obtained listing letters. Moreover, capital market services, including follow-up financing and listing for green channel enterprises, will continue to be offered.

III. Application Details

When to apply: From January 22, 2024 to February 29, 2024

How to apply: Fill in the Application Form for Green Channel Services for Listing of Enterprises and send it to linyuan@bjotc.cn.

Number of open spots: 50 enterprises will be selected for the list of the green channel services during the first round.

Contact Numbers: +86-10-6609-3771; +86-18811167776

Beijing Municipal Bureau of Economy and Information Technology

January 23, 2024