Page 70 - Doing Business in China

LISTING IN CHINA AND SINGAPORE

On the other hand, the Catalist caters to fast-growing companies� While there is no minimum quantitative admission
criteria, a company seeking admission on the Catalist must engage an approved sponsor who will assess whether
it is suitable for listing� The qualitative requirements for the Mainboard mentioned earlier are also applicable when
listing on the Catalist with the exception that there is minimum of 1 Singapore resident independent director for
foreign companies�

Companies typically take about six to nine months to prepare for the submission of their listing application� After
submission, the application and review process for a Mainboard listing typically takes more than six to eight weeks�
However, listing on the Catalist generally takes a shorter period of time�

Whether the company chooses to list on the Mainboard or the Catalist, it will need the help of various professionals,
such as an issue manager for the Mainboard or a sponsor for the Catalist, and legal advisors� Reporting accountants
and independent auditors are also engaged to audit the accounts of the company as presented in the accountants’
report and highlight any weaknesses in the internal controls of the company� Some companies also engage public
relations consultants to assist in increasing investor awareness of the company�

Listing on the Mainboard is generally more costly than listing on the Catalist in terms of the Initial Listing Fee and
Annual Listing Fee� However, companies listed on the Catalist must additionally retain a continuing sponsor and
pay an annual sponsorship fee for as long as they are listed�

For information or enquiries on our services, please visit www�SBASF�com

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