扬州玺悦赴美IPO，证监会突然“加作业”：0元转让是否合规？关联交易是否公允？

Group 1 - Yangzhou Xiyue has received feedback from the China Securities Regulatory Commission (CSRC) regarding its application for overseas listing in the United States [1] - The CSRC has requested clarification on the compliance of the company's equity control structure, including foreign exchange management and tax compliance [1] - The company was asked to explain the reasons why Hu Jiahui, the spouse of the actual controller Xiong Bin, was not recognized as a joint actual controller [1] Group 2 - The CSRC requires Yangzhou Xiyue to provide details on the shareholding structure before and after the equity restructuring, including any inconsistencies in shareholding ratios [1] - The company must clarify the pricing and payment details related to the capital increase of Andaman Construction in Hangzhou Wukong and other entities [1] - The CSRC has also requested information on the fairness and compliance of zero-cost transfers of shares in certain subsidiaries [1] Group 3 - The CSRC has asked for additional information regarding related party loans provided by Hangzhou Jialin to various entities, including the background and repayment arrangements [2] - The company needs to disclose the registered capital payment status of its domestic entities and any implications for normal business operations [2] - There is a requirement to explain the implications of a frozen shareholding in a subsidiary and its potential impact on the listing process [2] Group 4 - Yangzhou Xiyue must provide details on its business operations, including compliance with foreign investment restrictions and the nature of its subsidiaries' activities [2][3] - The company is required to clarify its digital business practices, including data collection and user information protection measures [3] - The company was established in 2024 in Jiangsu Province, focusing on software and information technology services, with a registered capital of 3 million RMB [3][4]