About ASX

ASX Listing Criteria

According to the updated listing criteria, ASX proposed to update the introduction of the ASX listing rules to reinforce ASX's absolute discretion on admission and quotation decisions and to state that ASX will take into account the reputation, integrity and efficiency of its market in exercising these discretions.

According to the latest listing requirements，ASX will set a special rules and criteria committee to review the IPO and backdoor listing companies, in order to determine whether to dismiss the listing request as appropriate.

Profit test: Has aggregated profit of at least $1 million from continuing operations for the last 3 full financial years prior to admission; And ,has consolidated profit from continuing operations of at least $500,000 for the 12 months prior to admission.

Or Assets test: NTA of at least $4 million or a market capitalization of at least $15

million.

Number of Shareholders: Minimum 300 non-affiliated investors $2,000.

Free Float: 20%

ASX Listing Process

Step 1： Appointing an experienced team of advisers

Step 2：Preparing the prospectus and due diligence

Step 3：Commence institutional marketing

Step 4：Lodge prospectus with ASIC

Step 5：Lodge listing application with ASX

Step 6：Marketing and offer period

Step 7：Closing the offer

技术支持：创世网络