Core Viewpoint - The company, Shanjin International Gold Co., Ltd., has authorized its management to initiate the preparation for issuing H-shares and listing on the Hong Kong Stock Exchange to enhance its global strategy and optimize its capital structure [1][2]. Group 1: Company Actions - The board of directors held a meeting on June 19, 2025, where all nine directors participated and unanimously approved the proposal to authorize management to start the preparatory work for the overseas issuance of H-shares [1]. - The company aims to deepen its global strategy, accelerate overseas business development, and leverage international capital market advantages through this H-share issuance [2]. Group 2: Regulatory Compliance - The issuance and listing of H-shares will comply with relevant laws and regulations, including the Company Law of the People's Republic of China and the listing rules of the Hong Kong Stock Exchange [2]. - Specific details regarding the H-share issuance and listing are still under discussion with relevant intermediaries, and the final plan will require approval from the board, shareholders, and regulatory bodies [2].

Core Insights - The article discusses the strategic decision companies face when choosing between domestic and overseas listings, emphasizing the importance of market positioning for fundraising, brand enhancement, and competitive advantage. Differences Between Domestic and Overseas Listings - Regulatory Environment: Domestic listings require strict approval from the China Securities Regulatory Commission, while overseas listings, such as in the US or Hong Kong, follow a registration system with faster approval processes [3][4]. - Listing Cycle: Domestic listings typically take 2-3 years due to stringent requirements, whereas overseas listings can be completed in about a year due to a more mature market [3][4]. - Profitability Requirements: Domestic listings have high profitability and asset scale requirements, such as a minimum net profit of 30 million RMB over three years, while overseas markets like NASDAQ allow companies with high growth potential but no profits to list [4][5]. - Fundraising Channels: Domestic listings have lower fundraising costs but are limited to domestic capital markets, while overseas listings have higher costs but offer diverse global fundraising opportunities [5][6]. - Market Impact: Domestic listings enhance local visibility and acceptance, while overseas listings improve international recognition, aiding future global expansion [7]. - Shareholding Structure: Domestic listings must comply with local regulations, which may impose restrictions, while overseas listings offer more flexibility in shareholding structures [8][9]. Decision-Making Guidelines for Listing - Preferred Domestic Listing Scenarios: - Industries aligned with domestic substitution policies, such as semiconductors and new energy, benefit from favorable review processes and strong local investor interest [10][11]. - Companies with a customer base concentrated in China can achieve better valuation through local investor understanding [12]. - Companies needing RMB financing for domestic operations can avoid currency exchange losses [13]. - Preferred Overseas Listing Scenarios: - Companies with over 30% foreign ownership or urgent USD financing needs, such as NIO's US IPO, are well-suited for overseas listings [14]. - Industries facing domestic regulatory restrictions, like internet and data security, may find overseas listings more viable [15]. - Companies with strong international expansion needs can enhance credibility and facilitate cross-border mergers through overseas listings [16].

石头科技，一家专注于智能扫地机器人及其他智能硬件产品的设计、研发、生产和销售的企业，近年来在行业内崭露头角。其产品线涵盖了智能扫地机器 人、洗地机等智能家居设备，凭借技术创新和产品质量赢得了消费者的青睐。据最新财报显示，2024年，石头科技实现营业收入119.45亿元，同比增长 38%，展现出强劲的市场竞争力。然而，尽管营收大幅增长，其净利润却出现下滑，2024年全年净利润为19.77亿元，同比下降3.64%，扣非后净利润也同样 呈现下降趋势。 石头科技的境外上市计划，无疑将为公司带来新的发展机遇和挑战。一方面，通过在港交所主板上市，公司将能够拓宽融资渠道，提升品牌知名度和国际影 响力；另一方面，境外上市也将使公司面临更为严格的监管和市场考验，需要公司在信息披露、合规运营等方面做出更多努力。 进入2025年，石头科技的业绩波动更为明显。第一季度，公司营收达到34.28亿元，同比增长高达86%，但净利润仅为2.67亿元，同比下降33%，扣非后净利 润也下降了29.28%。这种营收增长与净利润下滑的对比，引发了投资者对公司盈利能力的关注。 近日，北京石头世纪科技股份有限公司（石头科技，科创板代码：688169）正 ...

Group 1 - The core viewpoint of the article highlights the favorable conditions for Carbon Zero Technologies International Inc. (CZTI) to complete its IPO on NASDAQ, supported by macroeconomic factors, policy backing, and the company's competitive strength [1] - CZTI has received a new stock issuance registration letter (Form 8-A12B) from the SEC, indicating progress in its overseas listing process [1] - The company reported a significant revenue growth of 4.5 billion in 2024, showcasing its strategic development and market scale effects [1] Group 2 - The main underwriter for the IPO is Ninth Eternity Securities LLC, with legal representation from Crone Law Group P.C. in the U.S. and Zhong Lun Law Firm in China, along with auditing by Marcum Asia CPAs LLP [2]

Core Viewpoint - The company plans to initiate the process for issuing H-shares and listing on the Hong Kong Stock Exchange to enhance its global strategy and capital strength [1] Group 1 - The fourth board meeting of the company is scheduled for June 10, 2025, to review the proposal for H-share issuance [1] - The company aims to strengthen its international capital operation platform and overall competitiveness through this H-share listing [1] - The board intends to authorize the management to start preliminary preparations for the H-share listing [1] Group 2 - The company will discuss specific steps for the H-share listing with relevant intermediaries [1] - Details regarding the H-share listing are yet to be determined [1]

Core Viewpoint - Chao Hong Ji (潮宏基) plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy, brand image, and competitiveness [1][2] Financial Performance - In 2024, the company achieved a revenue of 6.52 billion yuan, a year-on-year increase of 10.48%, while net profit attributable to shareholders decreased by 41.91% to 194 million yuan [2][3] - The net profit excluding non-recurring gains and losses was 187 million yuan, down 38.72% compared to the previous year [2][3] - The net cash flow from operating activities was 435 million yuan, a decline of 29.22% year-on-year [2][3] Recent Quarterly Results - For Q1 2025, the company reported a revenue of 2.25 billion yuan, reflecting a year-on-year growth of 25.36% [4] - The net profit attributable to shareholders for Q1 2025 was 189 million yuan, up 44.38% year-on-year [4] - The net profit excluding non-recurring gains and losses for Q1 2025 was 188 million yuan, an increase of 46.17% compared to the same period last year [4] Shareholding Structure - As of the end of Q1 2025, the controlling shareholder, Shantou Chao Hong Ji Investment Co., held 28.55% of the shares, with 31% of these shares pledged [4][5] - The chairman and general manager, Liao Chuangbin, holds 3.04% of the shares, with 48% of his holdings also pledged [4][5]

Group 1 - The Hong Kong Securities and Futures Commission (SFC) issued a restriction notice to Huanlian International Asset Management due to concerns about its reliability, integrity, and ability to conduct regulated activities properly [1] - The SFC's action reflects high standards required from market participants to ensure market fairness and transparency [1] Group 2 - The SFC is collaborating with global regulatory bodies to curb illegal activities by financial influencers who promote financial products on social media, potentially putting millions of users at risk [2] - The effectiveness of the SFC's efforts will be enhanced through cooperation with other regulators, emphasizing the need for investors to verify the regulatory status and credibility of financial influencers before making investment decisions [2] Group 3 - Baize Medical Group passed the Hong Kong Stock Exchange (HKEX) listing hearing and is expected to list soon, focusing on oncology medical services through ownership and management of multiple hospitals [3] - The projected revenues for Baize Medical from 2022 to 2024 are 803 million, 1.072 billion, and 1.189 billion respectively, indicating growth potential in the healthcare sector [3] Group 4 - Stone Technology, a manufacturer of smart cleaning robots, announced plans to issue shares and list on the HKEX to enhance its global brand recognition and competitiveness [4] - This move aims to optimize capital structure, diversify financing channels, and strengthen corporate governance, positioning the company to capitalize on the growing demand for smart cleaning robots [4] Group 5 - The latest performance of the Hong Kong stock market shows the Hang Seng Index at 23,792.54, down 0.48%, the Hang Seng Tech Index at 5,286.52, down 0.63%, and the National Enterprises Index at 8,629.75, also down 0.63% [5]

三、请说明：你公司是否属于"高耗能"、"高排放"行业，请核查已建、在建及拟建项目是否属于"高耗 能"、"高排放"项目。 一、请说明：你公司股权控制架构设立的合规性，包括但不限于搭建和返程投资涉及的各主体履行外汇 管理、境外投资、外商投资、税务等监管程序的具体情况，是否依法合规;发行人取得境内实体鹰潭拓 新机电有限公司的支付手段及其合规性，股权转让环节相关转让方纳税申报缴纳情况，是否符合《关于 外国投资者并购境内企业的规定》;请列表说明奥杰英科(苏州)新材有限公司股东和发行人层面股东持股 比例对应情况。 二、请说明：你公司12个月内新增股东入股价格的定价依据及合理性。 智通财经APP获悉，6月6日，中国证监会公布境外发行上市备案补充材料要求公示(2025年5月30日— 2025年6月5日)。证监会要求奥杰股份(AOJE.US)补充说明公司股权控制架构设立的合规性，12个月内新 增股东入股价格的定价依据及合理性等事项。据悉，奥杰股份正稳步推进在美上市进程，拟在纳斯达克 上市。 证监会请奥杰股份补充说明以下事项，请律师进行核查并出具明确的法律意见： 资料显示，奥杰股份主营抗菌环保新材料的研发、生产与销售。总部位于汾 ...

证券代码：688169 证券简称：石 头 科 技 公告编号：2025-048 北京石头世纪科技股份有限公司 关于制定公司于 H 股发行上市后适用的《公司章程（草案）》 及相关内部治理制度的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 北京石头世纪科技股份有限公司（以下简称"公司"）于 2025 年 6 月 6 日 召开第三届董事会第七次会议，审议通过了《关于修订公司于 H 股发行上市后 适用的 <公司章程 草案="草案"> 及相关议事规则（草案）的议案》《关于修订公司 于 H 股发行上市后适用的内部治理制度的议案》等相关议案。现将具体情况公 告如下： 一、制定《公司章程（草案）》情况 基于公司拟于境外发行股份（H 股）并在香港联合交易所有限公司（以下简 称"香港联交所"）主板上市（以下简称"本次发行 H 股并上市"）的需要， 根据《中华人民共和国公司法》《境内企业境外发行证券和上市管理试行办法》 等境内法律、法规、规范性文件及《香港联交所上市规则》 ...

Core Viewpoint - Hainan Huatie (603300) is planning to issue shares overseas and list on the Singapore Exchange as part of its internationalization strategy [1] Group 1 - The company is currently in discussions with relevant intermediaries regarding the specific progress of the S-share listing [1] - The S-share listing will not result in changes to the company's controlling shareholder or actual controller [1] - The specific plan for the S-share listing will need to be submitted for approval by the company's board of directors and shareholders' meeting, and will also require filing with the China Securities Regulatory Commission and approval from regulatory bodies in Singapore [1]