巴奴被指上市前突击分红、社保公积金欠缴等问题，迎来证监会九连问

Group 1 - The core issue is that Banu International received feedback from the Securities Regulatory Commission regarding its overseas listing, focusing on three main areas: equity structure, data security, and the reasonableness of dividends, with a total of nine specific questions [2] - Banu International submitted its prospectus to the Hong Kong Stock Exchange on June 16, with CICC and Zhuhai International as joint sponsors. The company is the third-largest brand in China's hot pot market, holding a 0.4% market share based on projected 2024 revenue [4] - The company announced a dividend of 70 million yuan to shareholders in January 2025, which has been fully paid as of June 9. The Du Zhongbing family received over 58 million yuan in dividends based on voting rights [4] Group 2 - The Securities Regulatory Commission requested Banu International to clarify the internal decision-making process regarding dividends, tax payments, foreign exchange management, and the necessity of financing for the upcoming listing in light of the company's debt situation [4] - The company has reported outstanding social insurance and housing fund payments of approximately 1.6 million yuan, 1.2 million yuan, 700,000 yuan, and 100,000 yuan for the years 2022, 2023, 2024, and the first three months of 2025, respectively [5] - Banu International acknowledged three main reasons for the outstanding payments: a large and high-turnover employee base, reluctance from some employees to contribute due to reduced take-home pay, and a preference among some employees for local rural social security plans [7] Group 3 - The Securities Regulatory Commission also requested clarification on the social insurance and housing fund contributions for non-full-time employees (part-time and outsourced workers) and a conclusive opinion on the legality and compliance of labor practices [8]