There is something wrong with training. The reorganization here should be the reorganization under different controls and the reorganization of similar businesses under the same control. For similar business restructuring under the same control, the No.3 Opinions on the Application of the Securities and Futures Law stipulates that if the total assets of the reorganizing party at the end of the last fiscal year or the total operating income or profit of the previous fiscal year reached or exceeded 65,438+000% of the corresponding projects of the issuer before the reorganization, the issuer may apply for issuance after the reorganization, so as to facilitate investors to understand the overall operation after the reorganization. And those below 100% don't need to run 1 year.