AiXin Life International Inc (AIXN)

[$hellKing]

Looks like one of his cos was on one exchange but moved over to another? this is listing requirements for an IPO.

Finance & Accounting


1. The issuer shall have obtained an unqualified internal control certification report issued by a CPA.

2. The issuer's basic accounting work and the preparation of its financial statements shall comply with the Accounting Standards for Business Enterprises and the Accounting Systems for Business Enterprises, and shall fairly reflect in all material respects of its financial position, the results of operations and cash flows, and the issuer shall have obtained an unqualified audit report issued by a CPA.

3. The issuer shall meet the following conditions:

(1) It must have been profitable in the most recent two consecutive years, with accumulated profits no less than RMB 10 million and in continued growth; or the issuer must have been profitable in the most recent year with net profits of no less than RMB 5 million and revenues of no less than RMB 50 million. (Net profits shall be calculated based on the amount before or after deducting non-recurring profits and losses, whichever is smaller);

(2) It must have net assets of no less than RMB 20 million at the end of the most recent reporting period with no uncovered losses;

(3) It must have a total share capital of no less than RMB 30 million after the IPO.