镁伽科技港股IPO收到证监会反馈意见：要求核查离岸架构合规性、股东信息及控制权稳定性

Core Viewpoint - Megatech is facing regulatory scrutiny as it prepares for an IPO in Hong Kong, with cumulative losses exceeding 2 billion yuan over the past three years [1] Group 1: Offshore Structure and Compliance - The company is required to provide detailed explanations regarding the compliance of its offshore structure and return acquisitions, including foreign exchange management and tax obligations [1][4] - Megatech acquired full ownership of its domestic operating entity, Megatech Robotics, between March 2022 and April 2023, necessitating clarification on the pricing basis, payment methods, and tax compliance related to this acquisition [1][4] - The company previously controlled Beijing Kunze from April 2022 to March 2025 before transferring it to an independent third party, requiring an explanation of the business content and pricing fairness of this transfer [1][4] Group 2: Shareholder Information and Equity Structure - At its establishment on October 11, 2021, the founders held all shares through three offshore entities, and the company must clarify the changes in the equity structure of these entities [2] - The actual controllers and their backgrounds, including their roles and investment timing in the company, need to be disclosed [2] - The company must address any significant discrepancies in share pricing during external financing rounds and provide updates on the latest financing progress prior to the submission of the filing materials [2] Group 3: Control Rights - The company is required to clarify whether its control rights will change post-IPO and the basis for such determinations [3]