GEM GEM 的定位乃為相比其他在聯交所上市的公司可能帶有較高投資風險的中小型公司提供一個上市的市場。有意投資者應了解投資於該等公司的潛在風險,並應經過審慎周詳的考慮後方作出投資決定。 由於 GEM 上市公司一般為中小型公司,在 GEM 買賣的證券可能會較於聯交所主板買賣的證券承受較大的市場波動風險,同時無法保證在 GEM 買賣的證券會有高流通量的市場。 GEMGEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3–4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5–8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9–11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12–16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17–29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30–36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37–43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46–47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .49–50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .51–133. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .134 H 18346 1988 5102605 74,137,0008,521,000 62,198,00011,939,00074,137,000 74,137,00062,198,00019% 21,550,00016,909,00029%27% 4,327,0004,950,000 3,301,0003,096,0006% 11,291,00010,350,0009% 368,000426,00014% 3,000,0005%25%20%(i)1,000,0002.5%12.5%20%(ii)3,000,0005%25%20% 25%25% 2,956,0003,580,000 8,521,0005,586,000 167,036,00011.910.614,386,00013,975,0008,490,00011,640,00010,231,0008,081,0004,226,0001,749,000143,391,000129,640,000619627%7,425,0005,750,00020%4,677,0005,872,000 19%21% 248,270,000 163,024,000150,107,000 50,000,000 8490 53University of Managementand Technology, Commonwealth of Virginia 65 5628 6620 6731LivoniaMadonna University 7740 49 4820 4415InternationalFinancial Management Associations 5320 124 58 5320(Shanghai Anting Teachers Training School) 40 GEM18.44(2)15GEM15 (1) (i)(ii)(iii)(iv)GEM15 (2) GEM5.485.67 4/44/44/4 8 GEM5.28GEM5.29 (i)(ii)(iii) GEM 1/11/11/1 GEM(i)(ii)(iii) GEM 1/11/11/1 (1) (2) A.6.5 GEM GEM5.1515 967,00013,000 GEM20GEM20 ——— (A) A1A2A3A4 A1 3R — — — ✓✓✓ A1.1 A1.2—66[2022]34 A1.3 A1.40.10.270 A1.5 A1.6 A2 ✓ ✓ ✓ A2.1A1.2 A2.29,365 A2.3A1.5 A2.4 A2.5A1.4 A3 3RA3.1 A4 — A4.1 (B) B1B2B3B4B5B6B7B8 — — ✓✓✓ B1.1 84 4737 30305050 194322 84 (15%)6% 30305050 (7%) B2 B2.1 B2.2 B2.3 B3 —12 ✓✓✓ B3.1 24%20% B3.2 2015 1520 B4 — ✓ B4.1 B4.2 B5 — —1.2.3.4.5. ✓ ✓ B5.1 B5.2 B5.3 B5.4 B6 — ✓ B6.1 B6.2 B6.3 B6.4 B6.5 B7 ✓ B7.1 B7.2 B7.3 B8 — B8.1 B8.2 3458 44133 134 13 36,004,000 58%32% 42%22% 5% 911 XV352GEMGEM5.46 1.131,870,0001,300,000H80%58%131,870,0001,300,000H 80%20% XV352GEM5.46 336 2.131,870,0001,300,000H80%58%131,870,0001,300,000H 3.131,870,000198,000,00063,000,00070.36%100% XV336 GEM20.74(1) (i)(ii)(iii)(iv)GEM20 25% GEM 17310 44133 1. 2.4315 4,211,000 — — — — — 2. 2.4317 8,490,000701,000 (i)(ii)(iii)(iv) — — — — — — — 3. 2.4318 10,231,000274,000 — — (i)(ii) — — 1,410,000 — — • • • •• P02671 11,4779,166 11,4779,166 4.552.98 –– 11,4779,166 11,4779,166 (484)(1,344)–552991672,6251,964 143,391129,640 21143,391129,640 1. 19885102605 HGEM • • • • • • 1. 2. 2.1 GEMGEM (a) (b) (c) 2. 2.1 2.2 171281212— 2. 2.2 (a)122 (b)8 (c)1212 (i)12(ii)26(a) 2. 2.2 (d)12— 2.3 3 11,41,41 12345— 2. 2.3 102810281028 16——16 12 2. 2.3 77 21 2.4 2. 2.4 2. 2.4 ——— 2. 2.4 2. 2.4 (a)(i)(ii)(iii) (b) (i)(ii)(iii)(iv)(v)(vi)(a)(vii)(a)(i)(viii) 2. 2.4 4081061048 2. 2.4 10 2. 2.4 (a) 220 (b) 2. 2.4 (c) 12 2. 2.4 15 2. 2.4 2. 2.4 • •(a)(b) 2. 2.4 1212 90 2. 2.4 —12—— 2. 2.4 2. 2.4 2. 2.4 • • 2. 2.4 • • 2. 2.4 15 2. 2.4 (a) 15 (b) (c) 2. 2.4 3. 4,997,0006,498,0004,278,0006,578,00026(a) 50% 3. 4,211,0004,211,00015 3. 18 — 3. 4. (i)—(ii)—(iii)—(iv)—(v)—(vi)— 4. 4. 4. 90% 10% A *B ** *** 5. 74,13762,198 5. 5. 5. 6. 7. 14(b)(c) 7566293360 368426 8. 266378 356468 9784 8. (a) 9090 8. 9. 8 1