Legal analysis: the transferor pays the stamp duty on securities (stocks) transactions at the rate of 1‰. Certificate of ownership transfer of movable property and immovable property registered by the government management authority, and certificate of equity transfer of enterprises. The applicable tax rate is five ten thousandths of the amount. The document of property right transfer shall be sealed by the pledgee. If there is no stamp or less stamp, the certificate holder is responsible for the subsidy stamp. If the written document is signed by way of contract, all parties holding the written document shall apply the decal in full. The transfer of shares by investors with their shares of listed companies does not fall within the scope of taxation of stamp duty on securities (stocks) transactions, and stamp duty on securities (stocks) transactions is not levied. The above policy can be understood as follows: the equity transfer caused by the equity contribution of listed companies is not regarded as stock trading.

Legal basis: Provisional Regulations of People's Republic of China (PRC) Municipality on the Administration of Tax Collection.

Article 6 A taxpayer engaged in production and business operation, carrying out independent economic accounting and approved by the administrative department for industry and commerce shall apply to the local tax authorities for tax registration within 30 days from the date of obtaining the business license. Other units and individuals with tax obligations, except those that do not need to go through tax registration according to the provisions of the tax authorities, shall go through tax registration with the local tax authorities within 30 days from the date when they become legal taxpayers according to the provisions of tax laws and regulations.

Article 8 When applying for tax registration, taxpayers shall submit the application registration report and relevant approval documents, and provide relevant certificates at the same time. The competent tax authorities shall, after examining the reports, documents and certificates listed in the preceding paragraph, register them and issue them with tax registration certificates. The tax registration certificate is for taxpayers' use only and may not be lent or transferred. The contents of tax registration include: the taxpayer's name, address, ownership form, affiliation, mode of operation, business scope and other related matters.