Mergers and Acquisitions

并购重组应先核对实际主体、Activities and this matter，Confirm registration separately again、Professional work and ongoing maintenance arrangements。First distinguish the continuity of the subject、Equity changes、Asset Transfer and Establishment of a New Entity。contract、Account、Whether the licenses and debts need to be updated separately，Should be confirmed in combination with actual transactions and applicable systems。

Nature of the matter and applicable boundaries

First distinguish the continuity of the subject、Equity changes、Asset Transfer and Establishment of a New Entity。contract、Account、Whether the licenses and debts need to be updated separately，Should be confirmed in combination with actual transactions and applicable systems。

Centered on the registration number，Establishment documents、All changes、Current articles of association and existing materials arranged correspondingly；When a name or personnel inconsistency is found，Indicate the time and basis for changes。

material、Responsibility and Result Verification

Cannot be presumed in this way。Internal approval、External registration、Separate assessment of contract consent and regulatory approval，Save each file and the effective nodes。

Clearly list the program study、Legal document review、Professional signature、Who is responsible for registration submission and handover respectively?；Verify the qualifications of the practitioner when carrying out regulated work，Do not equate coordination with statutory signing。

Check registration results、Current Articles of Association、Record book、Original、Accounts and banks and contract parties that need to be notified，You cannot use a single form sent by the service provider as proof of completion.。

Mergers and Acquisitions：Processing conditions、List of Materials and Official References

并购重组由市场监管部门/境外监管机关主管。Is it applicable、Handle according to which category of matters，Depends on the subject qualifications、Business activities and actual location/personnel arrangements；Newly established under the same name、change、continue、Cancellation handled separately，Cannot replace each other。

30 Second key point

• Competent authority：市场监管部门/境外监管机关
• First, look at the conditions：明确交易结构（股权/资产/合并）与对价方式。
• 尽调：4–8 周
• Validity period：交割后需完成登记变更、人员与业务整合。

Supervisory/Approval Authority

市场监管部门/境外监管机关

Main basis

《公司法》与《反垄断法》（全国人大常委会）；属地并购规则（属地主管机关）

Handling method

Online declaration + window/on-site verification (depending on the matter)

Validity period

交割后需完成登记变更、人员与业务整合。

Scope of application：First determine which category it belongs to

Situations that usually require handling：

• 拟收购或出售境内外股权、资产的企业
• 需要通过重组整合业务的主体

Easily mistaken as needed、But situations that should be verified separately：

• 仅内部股权调整、不涉及外部交易的情形

Core Conditions (Checked Item by Item)

1. 明确交易结构（股权/资产/合并）与对价方式。
2. 完成财务、law、税务尽调。
3. 评估反垄断申报、外资准入与行业审批。
4. 设计交割条件、陈述保证与赔偿机制。

List of materials and common return points

Organize according to acceptance criteria；portion、The requirements for original document verification shall be subject to the current list of the accepting authority.

Material	Key Points / Common Reasons for Returned Items
目标公司尽调资料
交易协议草案
估值报告
审批申报文件

Review and On-site Inspection Focus Points

• 未做税务尽调，历史欠税可能由收购方承担。
• 反垄断申报门槛判断错误，交易可能被叫停。
• 劳动与社保遗留问题常被忽略。

time limit、Validity Period and Subsequent Obligations

project	illustrate
尽调	4–8 周
签约与交割	2–6 个月
Validity and Renewal	交割后需完成登记变更、人员与业务整合。

Cost structure (listed separately)，Avoid vague punches

按交易规模计费；尽调、Valuation、法律意见按第三方收费。

Risk and Responsibility Boundaries

• 对价支付与外汇登记不合规，资金无法出境。
• 业绩对赌条款设计不当，争议频发。

Official Basis and Verification Entry

Basis / Entrance	Issuing Authority	Verification method
《公司法》与《反垄断法》	全国人大常委会	施行 现行有效；The current valid text shall prevail
属地并购规则	属地主管机关	施行 现行有效；The current valid text shall prevail
国家市场监督管理总局	—	Visit

Date of consultation of the above materials：2026November 12。The provisions of the regulations shall be based on the officially published current text.；Service guidelines have regional differences and version updates，The actual acceptance requirements shall be subject to the standards of the accepting authority at the current period.。

tidy：52Agency Website Cross-Border Services Team | Content Review：2026November 12Content Standards and Correction Policy

illustrate：This page is a guide for handling conditions and organizing materials，Does not constitute legal advice、Regulatory approval or approval commitment。Submit application、On-site verification、The issuance of certificates and the decision to open accounts are both independently made by the competent authority or the bank.；Specific scope of services、The costs and deliverables shall be subject to written authorization.。

The following are directions for the initial communication and information verification，The official list is according to the current acceptance requirements、Confirmation of the subject and actual matters。

• Entity Registration、Existing qualifications and authorization materials
• Practical activity、contract、Transactions or assets and the corresponding supporting documents
• Equity、personnel、A truthful description of the location and this change
• Original notice、All previous handling records and the matters pending confirmation this time

This page is for the scope of matters and preparation instructions，Does not replace individual laws、tax、Audit or other professional opinions。Processing conditions、Government fees、Processing time and results are determined according to the applicable regulations and review.，No unified guarantee。

List the consultant's work separately before commissioning、government fees、Capital or balance requirements、Professional signing and other third-party fees；Check the final records and items that still need to be handled during the handover。