1. Preliminary examination and approval: formulate a transfer plan and report it to the competent department of state-owned property rights for examination and approval;

2. Assets verification: the transferor organizes assets verification and prepares a balance sheet and an asset transfer list;

3. Audit evaluation: entrust an accounting firm to conduct a comprehensive audit and entrust an asset appraisal institution to conduct asset appraisal;

4. Internal decision-making: the equity transferee company holds a shareholders' meeting to form a resolution agreeing to the equity transfer and the commitment of other shareholders to give up the preemptive right;

5. Listing application: select qualified property rights trading institutions and apply for listing transactions;

6. Signing an agreement: after the transfer is completed, the transferor and the transferee sign an equity transfer contract;

7. Examination and approval for filing: the transferor shall report the relevant materials of equity transfer to the competent department of state-owned property rights for filing and registration;

8. Property right registration: the transferor and the transferee shall go through the formalities of property right registration;

9. Alteration procedure: An enterprise shall amend its articles of association and the register of shareholders, and register the alteration with the administrative department for industry and commerce.

In the transfer of state-owned shares, in addition to the principles of legality, openness, fairness, justice, equality and mutual benefit, and equal compensation, there are two important principles:

The first is the principle of conditional transfer. In view of the social purpose of state-owned equity, it is necessary to conduct feasibility study, set up a reasonable equity structure and conduct strict asset evaluation and audit when transferring state-owned equity; In particular, it is necessary to prevent the rigid transfer of state-owned shares that are unnecessary or do not have the conditions for transfer. According to the current situation in China, the state should first conduct a comprehensive analysis and calculation of the state-owned shares of existing listed companies, and then determine which industries and companies need to transfer shares to the market and how much, and then formulate specific policies to organize the transfer and listing by stages. Because no matter in which country, the listing and transfer of state-owned shares has its specific scope, that is, only a part of state-owned shares can be transferred to non-state-owned shareholders through listing and transfer, and the shares suitable for the state to continue holding shares can decide whether to flow between state-owned units according to the specific situation. This is obviously a big project.

Second, the transfer of state-owned shares should be based on the principle of adjusting the investment structure and promoting the optimal allocation of state-owned assets. State-owned enterprises are too widely distributed and scattered, so the government has done many things that it does not have to do. At the same time, there are some things that the government must do, but it is unable to do because of lack of funds. The result of the transfer of state-owned shares is to transfer state-owned shares from the state to another owner. Therefore, when transferring state-owned shares, we need to consider the purpose of establishing state-owned shares. For this principle, the provisions of China's current laws and regulations have been reflected.

Legal basis:

"Provisional Regulations on the Supervision and Administration of State-owned Assets of Enterprises" Article 23 The state-owned assets supervision and administration institution decides the transfer of state-owned shares of the enterprises it contributes.

Among them, the transfer of all state-owned shares or part of state-owned shares, so that the state no longer has a holding position, reported to the people's government at the same level for approval.