新奥股份赴港上市收证监会反馈：需说明股东穿透信息及股份质押影响等问题

Group 1 - The core viewpoint of the article is that Xin'ao Co., Ltd. has received feedback from the China Securities Regulatory Commission (CSRC) regarding its overseas listing application, highlighting several areas that require further clarification and legal opinions [1][2][3] Group 2 - The company is required to provide detailed information regarding shareholders holding more than 5% of the shares, in accordance with regulatory guidelines [1] - The impact of the pledging of shares by the controlling shareholder and their concerted parties on the listing process needs to be clarified [2] - The reasons for reserving stock options in the company's two phases of restricted stock incentive plans must be explained [2] - The foreign shareholding ratios of the company's three subsidiaries engaged in value-added telecommunications services must be disclosed, ensuring compliance with foreign investment policies before and after the listing [2] - The company must confirm whether the shares held by shareholders participating in the "full circulation" plan are subject to pledges, freezes, or other rights defects [3]