LY iTECH(SZ:002600) 2 1 Shi Ji Jing Ji Bao Dao·2026-01-05 12:21Core Viewpoint - The China Securities Regulatory Commission (CSRC) has requested supplementary materials from 19 companies, including Linyi Intelligent Manufacturing, regarding their overseas listing applications, focusing on various aspects such as share pledges, major asset acquisitions, AI business specifics, and compliance [2][3]. Group 1: Share Pledge and Control - The CSRC is particularly interested in the share pledge situation of Linyi Intelligent Manufacturing's controlling shareholder and the potential impact on company control, as well as any violations of regulations regarding overseas securities issuance [3]. - The controlling shareholder, Zeng Fangqin, holds nearly 60% of the company's shares, with a relatively low pledge ratio of 6.09% of the pledged shares and 3.45% of the total share capital [3]. Group 2: Major Asset Acquisitions - Linyi Intelligent Manufacturing has been active in capital operations since its reverse merger in 2017, with significant acquisitions including Selcon in 2019 and Zhejiang Jintai in 2021, and a recent acquisition of 60% of Jiangsu Keda [5]. - The company announced a cash acquisition of 35% of Limin Da, aiming to gain control over the company and enhance its server hardware offerings [5][6]. Group 3: AI Business Development - The company is transitioning from a consumer electronics supplier to an "AI terminal + robotics" platform, planning to invest at least 200 million yuan annually to become a top global player in embodied intelligent hardware [7]. - The CSRC has requested detailed information on the company's AI business, particularly in the AI large model sector, including application scenarios and functionalities [7][8]. Group 4: Compliance and Regulatory Issues - The CSRC has raised concerns regarding compliance, requiring the company to verify the operational scope of its subsidiaries and ensure adherence to foreign investment regulations [9].