Core Viewpoint - The China Securities Regulatory Commission (CSRC) has published supplementary material requirements for eight companies, including Xingchen Technology, which is preparing for an overseas listing and needs to clarify several aspects regarding its operations and compliance [1][2]. Group 1: Regulatory Requirements - Xingchen Technology is required to provide details on the expected fundraising amount after the exercise of the over-allotment option [1][2]. - The company must explain the progress of the registration capital change after the completion of the restricted stock vesting in August 2025 [1]. - The firm needs to clarify the compliance status of its Taiwan branch's overseas investment filing procedures and provide a conclusive legal opinion [1]. - The company is asked to confirm whether any domestic entities that hold more than 5% of its shares are prohibited from holding shares under relevant laws and regulations [1]. Group 2: Business Operations - Xingchen Technology is a leading fabless designer and supplier of visual AI SoCs, focusing on empowering various industries with its "visual + AI" technology framework [2]. - As of June 30, 2025, the company has successfully designed and developed over 600 SoC products, with a cumulative shipment of 454 million units during the reporting period [2]. - The company's solutions are widely applied in smart security, IoT, and automotive sectors, and it is expanding into rapidly growing markets, including 3D perception applications [2]. - Leveraging its market position in home service robots, Xingchen Technology is entering the broader smart robotics market and is also focusing on emerging fields such as automotive lidar and mobile imaging devices like AI glasses [2].
星宸科技拟港股上市 中国证监会要求补充说明超额配售权行使后的预计募集资金数量等