{"id":63621,"date":"2024-05-02T12:19:19","date_gmt":"2024-05-02T03:19:19","guid":{"rendered":"https:\/\/monolith.law\/zh-cn\/?p=63621"},"modified":"2024-05-15T12:56:50","modified_gmt":"2024-05-15T03:56:50","slug":"ma-merit-demerit-procedure","status":"publish","type":"post","link":"https:\/\/monolith.law\/zh-cn\/general-corporate\/ma-merit-demerit-procedure","title":{"rendered":"\u89e3\u6790\u516c\u53f8\u51fa\u552e\u4e2d\u4f7f\u7528\u7684\u5e76\u8d2d:\u5176\u7a0b\u5e8f\u4ee5\u53ca\u4f18\u70b9\u548c\u7f3a\u70b9"},"content":{"rendered":"\n<p>\u5728\u521b\u4e1a\u516c\u53f8\u4e2d\uff0c\u6295\u8d44\u56de\u6536\uff08\u901a\u5e38\u88ab\u79f0\u4e3aEXIT\uff09\u7684\u624b\u6bb5\uff0c\u4f20\u7edf\u4e0a\u4e3b\u8981\u662f\u901a\u8fc7\u9996\u6b21\u516c\u5f00\u52df\u80a1\uff08IPO\uff09\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0c\u6700\u8fd1\uff0c\u8d8a\u6765\u8d8a\u591a\u7684\u4f01\u4e1a\u5bb6\u5e76\u4e0d\u4e00\u5b9a\u4ee5\u516c\u5f00\u4e0a\u5e02\u4e3a\u76ee\u6807\uff0c\u800c\u662f\u9009\u62e9\u5728\u975e\u4e0a\u5e02\u7684\u60c5\u51b5\u4e0b\u901a\u8fc7\u5e76\u8d2d\uff08M&amp;A\uff09\u51fa\u552e\u516c\u53f8\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0c\u9488\u5bf9\u8003\u8651\u51fa\u552e\u516c\u53f8\u7684\u4f01\u4e1a\u5bb6\uff0c\u6211\u4eec\u5c06\u8be6\u7ec6\u89e3\u91ca\u5e76\u8d2d\u7684\u4f18\u70b9\u548c\u7f3a\u70b9\uff0c\u5e76\u8d2d\u7684\u6d41\u7a0b\uff0c\u4ee5\u53ca\u5e94\u8be5\u59d4\u6258\u5f8b\u5e08\u5904\u7406\u7684\u7a0b\u5e8f\u7b49\u95ee\u9898\u3002<\/p>\n\n\n\n<div 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title=\"\u5408\u540c\u8c08\u5224\u548c\u7b7e\u8ba2\">\u5408\u540c\u8c08\u5224\u548c\u7b7e\u8ba2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/monolith.law\/zh-cn\/general-corporate\/ma-merit-demerit-procedure\/#%E6%B3%95%E5%8A%A1%E5%B0%BD%E8%81%8C%E8%B0%83%E6%9F%A5\" title=\"\u6cd5\u52a1\u5c3d\u804c\u8c03\u67e5\">\u6cd5\u52a1\u5c3d\u804c\u8c03\u67e5<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/monolith.law\/zh-cn\/general-corporate\/ma-merit-demerit-procedure\/#%E6%80%BB%E7%BB%93\" title=\"\u603b\u7ed3\">\u603b\u7ed3<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BB%80%E4%B9%88%E6%98%AF%E9%80%9A%E8%BF%87%E5%B9%B6%E8%B4%AD%E5%87%BA%E5%94%AE%E5%85%AC%E5%8F%B8\"><\/span>\u4ec0\u4e48\u662f\u901a\u8fc7\u5e76\u8d2d\u51fa\u552e\u516c\u53f8<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>M&amp;A\u662fMergers and 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href=\"https:\/\/monolith-law.jp\/corporate\/share-transfer-ma\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith-law.jp\/corporate\/share-transfer-ma[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E5%B9%B6%E8%B4%AD%E7%9A%84%E5%85%AC%E5%8F%B8%E5%87%BA%E5%94%AE%E4%BC%98%E7%BC%BA%E7%82%B9\"><\/span>M&amp;A\u5e76\u8d2d\u7684\u516c\u53f8\u51fa\u552e\u4f18\u7f3a\u70b9<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith-law.jp\/wp-content\/uploads\/2021\/03\/ma-merit-demerit-procedure1.jpg\" alt=\"\" class=\"wp-image-31427\" 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class=\"ez-toc-section\" id=\"%E6%AF%94%E9%A6%96%E6%AC%A1%E5%85%AC%E5%BC%80%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89%E6%9B%B4%E5%BF%AB%E5%9C%B0%E5%9B%9E%E6%94%B6%E6%8A%95%E8%B5%84\"><\/span>\u6bd4\u9996\u6b21\u516c\u5f00\u52df\u80a1\uff08IPO\uff09\u66f4\u5feb\u5730\u56de\u6536\u6295\u8d44<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u4e00\u822c\u6765\u8bf4\uff0c\u5982\u679c\u76ee\u6807\u662f\u9996\u6b21\u516c\u5f00\u52df\u80a1\uff08IPO\uff09\uff0c\u5219\u9700\u8981\u51e0\u5e74\u7684\u51c6\u5907\u65f6\u95f4\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u4e3a\u4e86IPO\uff0c\u9700\u8981\u5411\u4e13\u5bb6\u6216\u987e\u95ee\u5bfb\u6c42\u5e2e\u52a9\uff0c\u4ee5\u53ca\u6574\u987f\u516c\u53f8\u7684\u7ba1\u7406\u4f53\u5236\uff0c\u8fd9\u4e9b\u6210\u672c\u90fd\u975e\u5e38\u9ad8\u3002<\/p>\n\n\n\n<p>\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u53ea\u8981\u627e\u5230\u4e70\u5bb6\u516c\u53f8\uff0c\u901a\u8fc7M&amp;A\u51fa\u552e\u516c\u53f8\u901a\u5e38\u53ef\u4ee5\u5728\u534a\u5e74\u5230\u4e00\u5e74\u5de6\u53f3\u7684\u65f6\u95f4\u5185\u5b8c\u6210\u3002<\/p>\n\n\n\n<p>\u867d\u7136\u5728\u8fdb\u884cM&amp;A\u65f6\u53ef\u80fd\u9700\u8981\u5411\u5916\u90e8\u4e13\u5bb6\u5bfb\u6c42\u5e2e\u52a9\uff0c\u4f46\u4e0eIPO\u7684\u8d39\u7528\u76f8\u6bd4\uff0c\u8fd9\u4e9b\u8d39\u7528\u8f83\u4f4e\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%88%9B%E5%A7%8B%E4%BA%BA%E5%8F%AF%E4%BB%A5%E5%B0%9D%E8%AF%95%E5%85%B6%E4%BB%96%E4%B8%9A%E5%8A%A1\"><\/span>\u521b\u59cb\u4eba\u53ef\u4ee5\u5c1d\u8bd5\u5176\u4ed6\u4e1a\u52a1<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith-law.jp\/wp-content\/uploads\/2021\/03\/ma-merit-demerit-procedure2.jpg\" alt=\"\" class=\"wp-image-31428\" \/><\/figure>\n\n\n\n<p>\u6b64\u5916\uff0c\u5728M&amp;A\u7684\u60c5\u51b5\u4e0b\uff0c\u5356\u65b9\u516c\u53f8\u7684\u4ee3\u8868\u53ef\u4ee5\u8f7b\u6613\u5730\u5728\u516c\u53f8\u51fa\u552e\u7684\u540c\u65f6\u8f9e\u804c\u3002<\/p>\n\n\n\n<p>\u521b\u4e1a\u516c\u53f8\u7684\u521b\u59cb\u4eba\u627e\u5230\u4e86\u65b0\u7684\u4e1a\u52a1\u9886\u57df\uff0c\u60f3\u8981\u5728\u53e6\u4e00\u5bb6\u516c\u53f8\u542f\u52a8\u65b0\u4e1a\u52a1\u7684\u60c5\u51b5\u5e76\u4e0d\u5c11\u89c1\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u5373\u4f7f\u662f\u4e8f\u635f\u7684\u516c\u53f8\uff0c\u53ea\u8981\u6709\u672a\u6765\u7684\u53ef\u80fd\u6027\uff0c\u5c31\u53ef\u4ee5\u901a\u8fc7\u80a1\u6743\u8f6c\u8ba9\u7684\u65b9\u5f0f\u8fdb\u884cM&amp;A\u51fa\u552e\uff0c\u6301\u6709\u80a1\u6743\u7684\u521b\u59cb\u4eba\u53ef\u4ee5\u83b7\u5f97\u51fa\u552e\u6b3e\u9879\uff0c\u8fd9\u4e9b\u8d44\u91d1\u4e5f\u53ef\u4ee5\u6295\u5165\u5230\u65b0\u4e1a\u52a1\u4e2d\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%88%A9%E7%94%A8M_A%E7%9A%84%E7%BC%BA%E7%82%B9\"><\/span>\u5229\u7528M&amp;A\u7684\u7f3a\u70b9<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>\u521b\u59cb\u4eba\u53ef\u80fd\u65e0\u6cd5\u638c\u63e1\u516c\u53f8\u7684\u4e3b\u5bfc\u6743<\/li>\n\n\n\n<li>\u516c\u53f8\u4ef7\u503c\u53ef\u80fd\u88ab\u4f4e\u4f30\uff0c\u4f4e\u4e8e\u9996\u6b21\u516c\u5f00\u52df\u80a1\uff08IPO\uff09<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%88%9B%E5%A7%8B%E4%BA%BA%E5%8F%AF%E8%83%BD%E6%97%A0%E6%B3%95%E6%8E%8C%E6%8F%A1%E5%85%AC%E5%8F%B8%E7%9A%84%E4%B8%BB%E5%AF%BC%E6%9D%83\"><\/span>\u521b\u59cb\u4eba\u53ef\u80fd\u65e0\u6cd5\u638c\u63e1\u516c\u53f8\u7684\u4e3b\u5bfc\u6743<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u5982\u679c\u521b\u59cb\u4eba\u60f3\u5728\u516c\u53f8\u51fa\u552e\u7684\u540c\u65f6\u8f9e\u804c\uff0c\u90a3\u4e48\u6ca1\u6709\u95ee\u9898\uff0c\u4f46\u5982\u679c\u4ed6\u60f3\u7559\u5728\u516c\u53f8\u62c5\u4efb\u8463\u4e8b\uff0c\u90a3\u4e48M&amp;A\u5c31\u5b58\u5728\u98ce\u9669\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u901a\u8fc7\u80a1\u6743\u8f6c\u8ba9\u8fdb\u884cM&amp;A\uff0c\u5c06\u516c\u53f8\u7684\u5168\u90e8\u63a7\u5236\u6743\u8f6c\u79fb\u7ed9\u4e70\u65b9\u516c\u53f8\uff0c\u90a3\u4e48\u4e70\u65b9\u516c\u53f8\u53ef\u4ee5\u81ea\u884c\u51b3\u5b9a\u89e3\u8058\u5356\u65b9\u516c\u53f8\u7684\u8463\u4e8b\u7b49\u9ad8\u7ea7\u7ba1\u7406\u4eba\u5458\u3002\u56e0\u6b64\uff0c\u521b\u59cb\u4eba\u7b49\u4eba\u5728\u516c\u53f8\u51fa\u552e\u540e\u80fd\u5426\u7559\u5728\u516c\u53f8\u5e76\u65e0\u4fdd\u969c\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%85%AC%E5%8F%B8%E4%BB%B7%E5%80%BC%E5%8F%AF%E8%83%BD%E8%A2%AB%E4%BD%8E%E4%BC%B0\"><\/span>\u516c\u53f8\u4ef7\u503c\u53ef\u80fd\u88ab\u4f4e\u4f30<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith-law.jp\/wp-content\/uploads\/2021\/03\/ma-merit-demerit-procedure3.jpg\" alt=\"\" class=\"wp-image-31429\" \/><\/figure>\n\n\n\n<p>\u6b64\u5916\uff0c\u5728M&amp;A\u7684\u516c\u53f8\u51fa\u552e\u4e2d\uff0c\u8d2d\u4e70\u4ef7\u683c\u7531\u4e70\u65b9\u516c\u53f8\u548c\u5356\u65b9\u516c\u53f8\u7684\u76f8\u5bf9\u8c08\u5224\u51b3\u5b9a\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u4e70\u65b9\u516c\u53f8\u9ad8\u5ea6\u8bc4\u4ef7\u5356\u65b9\u516c\u53f8\u7684\u672a\u6765\u6f5c\u529b\uff0c\u6216\u8005\u9884\u671f\u6709\u534f\u540c\u6548\u5e94\uff0c\u90a3\u4e48\u516c\u53f8\u7684\u4ef7\u503c\u53ef\u80fd\u4f1a\u88ab\u8bc4\u4f30\u5f97\u6bd4IPO\u66f4\u9ad8\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0c\u53cd\u8fc7\u6765\uff0c\u516c\u53f8\u7684\u4ef7\u503c\u4e5f\u53ef\u80fd\u88ab\u4f4e\u4f30\uff0c\u88ab\u4ee5\u4f4e\u4e8eIPO\u7684\u4ef7\u683c\u4e70\u4e0b\u3002\u56e0\u6b64\uff0c\u5982\u679c\u8003\u8651\u901a\u8fc7M&amp;A\u51fa\u552e\u516c\u53f8\uff0c\u90a3\u4e48\u5e94\u8be5\u9884\u5148\u8bbe\u5b9a\u4e00\u4e2a\u6807\u51c6\uff0c\u4ee5\u786e\u5b9a\u51fa\u552e\u516c\u53f8\u7684\u7ecf\u6d4e\u5408\u7406\u6027\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E8%BF%9B%E8%A1%8C%E5%85%AC%E5%8F%B8%E5%87%BA%E5%94%AE%E7%9A%84%E6%96%B9%E6%B3%95\"><\/span>M&amp;A\u8fdb\u884c\u516c\u53f8\u51fa\u552e\u7684\u65b9\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6211\u4eec\u5c06\u89e3\u91ca\u5728M&amp;A\u4e2d\u8fdb\u884c\u516c\u53f8\u51fa\u552e\u7684\u7a0b\u5e8f\uff0c\u4ee5\u53ca\u5f8b\u5e08\u7684\u53c2\u4e0e\u65b9\u5f0f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%9C%A8%E5%B9%B6%E8%B4%AD%E4%B8%AD%E6%89%80%E9%9C%80%E7%9A%84%E5%90%88%E5%90%8C%E5%92%8C%E7%A8%8B%E5%BA%8F\"><\/span>\u5728\u5e76\u8d2d\u4e2d\u6240\u9700\u7684\u5408\u540c\u548c\u7a0b\u5e8f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5982\u679c\u901a\u8fc7\u5e76\u8d2d\u51fa\u552e\u516c\u53f8\uff0c\u5c06\u6309\u7167\u4ee5\u4e0b\u6d41\u7a0b\u8fdb\u884c\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%AD%BE%E8%AE%A2%E4%BF%9D%E5%AF%86%E5%8D%8F%E8%AE%AE\"><\/span>\u7b7e\u8ba2\u4fdd\u5bc6\u534f\u8bae<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u4e00\u65e6\u5356\u65b9\u548c\u4e70\u65b9\u5019\u9009\u4eba\u786e\u5b9a\uff0c\u5e76\u5f00\u59cb\u5177\u4f53\u8003\u8651\u5e76\u8d2d\uff0c\u9996\u5148\u5728\u53cc\u65b9\u516c\u53f8\u4e4b\u95f4\u7b7e\u8ba2\u4fdd\u5bc6\u534f\u8bae\u3002<\/p>\n\n\n\n<p>\u6b63\u5728\u8003\u8651\u5e76\u8d2d\u7684\u4e8b\u5b9e\u5bf9\u4e8e\u53cc\u65b9\u516c\u53f8\u6765\u8bf4\u662f\u9ad8\u5ea6\u673a\u5bc6\u7684\u4fe1\u606f\u3002\u5728\u6700\u7ec8\u8fbe\u6210\u516c\u53f8\u51fa\u552e\u534f\u8bae\u4e4b\u524d\uff0c\u901a\u5e38\u53ea\u6709\u7ba1\u7406\u5c42\u548c\u90e8\u5206\u8d1f\u8d23\u5458\u5de5\u77e5\u9053\u6b63\u5728\u8fdb\u884c\u5e76\u8d2d\u7684\u8003\u8651\uff0c\u5bf9\u4e00\u822c\u5458\u5de5\u4fdd\u5bc6\u3002<\/p>\n\n\n\n<p>\u7279\u522b\u662f\u5f53\u5356\u65b9\u516c\u53f8\u6216\u4e70\u65b9\u516c\u53f8\u662f\u4e0a\u5e02\u516c\u53f8\u65f6\uff0c\u8fd9\u5c06\u6210\u4e3a\u5185\u5e55\u4fe1\u606f\uff0c\u56e0\u6b64\u5fc5\u987b\u7edd\u5bf9\u907f\u514d\u4fe1\u606f\u6cc4\u9732\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u53ea\u6709\u5728\u7b7e\u8ba2\u4fdd\u5bc6\u534f\u8bae\u540e\uff0c\u5356\u65b9\u516c\u53f8\u548c\u4e70\u65b9\u516c\u53f8\u624d\u4f1a\u63a5\u53d7\u5f7c\u6b64\u7684\u516c\u53f8\u540d\u79f0\u7684\u62ab\u9732\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%AD%BE%E8%AE%A2%E5%9F%BA%E6%9C%AC%E5%8D%8F%E8%AE%AE%E4%B9%A6\"><\/span>\u7b7e\u8ba2\u57fa\u672c\u534f\u8bae\u4e66<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>\u4e00\u65e6\u4e70\u65b9\u516c\u53f8\u6b63\u5f0f\u51b3\u5b9a\u8fdb\u884c\u5e76\u8d2d\uff0c\u4e70\u65b9\u516c\u53f8\u5c06\u5411\u5356\u65b9\u516c\u53f8\u63d0\u4ea4\u201c\u610f\u5411\u58f0\u660e\u4e66\u201d\u3002<\/p>\n\n\n\n<p>\u63a5\u53d7\u6b64\u540e\uff0c\u5982\u679c\u5356\u65b9\u516c\u53f8\u8868\u793a\u613f\u610f\u8fdb\u884c\u516c\u53f8\u51fa\u552e\u7684\u8c08\u5224\uff0c\u53cc\u65b9\u5c06\u7b7e\u8ba2\u5173\u4e8e\u63a8\u8fdb\u5e76\u8d2d\u8003\u8651\u7684\u57fa\u672c\u534f\u8bae\u4e66\u3002\u57fa\u672c\u534f\u8bae\u4e66\u5c06\u660e\u786e\u5199\u660e\u5356\u65b9\u516c\u53f8\u548c\u4e70\u65b9\u516c\u53f8\u63a8\u8fdb\u5e76\u8d2d\u8003\u8651\u7684\u4e8b\u5b9e\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0c\u901a\u5e38\u8fd9\u90e8\u5206\u5173\u4e8e\u63a8\u8fdb\u5e76\u8d2d\u8003\u8651\u7684\u534f\u8bae\u88ab\u89c6\u4e3a\u6ca1\u6709\u6cd5\u5f8b\u7ea6\u675f\u529b\u7684\u7ec5\u58eb\u534f\u8bae\u3002\u56e0\u6b64\uff0c\u5373\u4f7f\u6700\u7ec8\u6ca1\u6709\u8fbe\u6210\u5e76\u8d2d\u534f\u8bae\uff0c\u5f53\u4e8b\u4eba\u901a\u5e38\u4e5f\u4e0d\u9700\u8981\u627f\u62c5\u8d54\u507f\u635f\u5931\u7b49\u8d23\u4efb\u3002<\/p>\n\n\n\n<p>\u5173\u4e8e\u5e76\u8d2d\u4e2d\u57fa\u672c\u534f\u8bae\u4e66\u7684\u6761\u6b3e\u793a\u4f8b\u548c\u6cd5\u5f8b\u7ea6\u675f\u529b\uff0c\u6211\u4eec\u5728\u4ee5\u4e0b\u6587\u7ae0\u4e2d\u8fdb\u884c\u4e86\u8be6\u7ec6\u89e3\u91ca\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith-law.jp\/corporate\/ma-lawyer-basic-agreement\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith-law.jp\/corporate\/ma-lawyer-basic-agreement[ja]<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B0%BD%E8%81%8C%E8%B0%83%E6%9F%A5%E5%88%B0%E7%AD%BE%E8%AE%A2%E6%9C%80%E7%BB%88%E5%90%88%E5%90%8C\"><\/span>\u5c3d\u804c\u8c03\u67e5\u5230\u7b7e\u8ba2\u6700\u7ec8\u5408\u540c<span 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