Group 1 - The China Securities Regulatory Commission (CSRC) has requested Zhaoyi Innovation to provide supplementary explanations regarding its overseas listing application, including potential prohibitive circumstances [1] - Zhaoyi Innovation submitted its listing application to the Hong Kong Stock Exchange on June 19, 2025, with CICC and Huatai International as joint sponsors [1] - The CSRC has outlined specific areas for Zhaoyi Innovation to clarify, including the establishment history and shareholder changes of its predecessor, Zhaoyi Limited, and the operational compliance of its business [1] Group 2 - The company is a global leader in diversified chip design, offering a wide range of products including Flash, niche DRAM, MCU, analog chips, and sensor chips, along with corresponding algorithms and software solutions [2] - The company operates on a fabless business model, focusing on integrated circuit design and R&D to maintain technological leadership [2] - According to a report by Frost & Sullivan, the company is a market leader in multiple sectors and is the only integrated circuit design company ranked in the global top ten for NOR Flash, SLC NAND Flash, niche DRAM, and MCU based on 2024 sales [2]

Group 1 - The China Securities Regulatory Commission has issued a notice regarding Hebei Haiwei Electronic New Materials Technology Co., Ltd.'s overseas issuance and listing of shares, allowing the company to issue up to 47,423,000 overseas listed ordinary shares on the Hong Kong Stock Exchange [1] - The company has 14 shareholders who plan to convert a total of 29,019,539 shares of unlisted domestic shares into overseas listed shares for trading on the Hong Kong Stock Exchange [1] Group 2 - According to the prospectus, Haiwei Electronics is the largest capacitor film manufacturer in China based on capacitor base film sales in 2023 [3] - The company's capacitor film products include capacitor base films and metallized films, which are key components of film capacitors known for their excellent voltage resistance, high-frequency stability, and long service life [3] - Film capacitors have a wide range of end-use applications, including in new energy vehicles, new energy power systems, industrial equipment, and household appliances [3]

Group 1 - The China Securities Regulatory Commission (CSRC) has requested Megmeet Smart (002881.SZ) to provide supplementary explanations regarding the establishment of its predecessor, Fangge Precision, as part of its listing application submitted to the Hong Kong Stock Exchange on June 18, 2025 [1] - The CSRC has outlined specific areas for Megmeet Smart to clarify, including the changes in share capital and shareholders since its establishment, the potential impact of the controlling shareholder's debt repayment ability on the company's control, and the compliance of its subsidiary, Nantong Zhongge, with foreign investment regulations [1] - Megmeet Smart was established in 2007 and listed on the Shenzhen Stock Exchange in June 2017, focusing on wireless communication modules and IoT solutions, with a global market share of 6.4% in the wireless communication module industry as of 2024, ranking fourth globally [2] Group 2 - The company's main products include wireless communication modules (such as smart modules, high-performance modules, and data transmission modules) and IoT solution products, along with related technical development services [2]

Group 1 - The China Securities Regulatory Commission (CSRC) issued supplementary material requirements for seven companies, including Hope Sea Inc. (华富洋), regarding compliance with cross-border fund arrangements and data management practices [1][2] - Hope Sea Inc. submitted its listing application to the Hong Kong Stock Exchange on June 16, 2025, with Agricultural Bank of China International as the sole sponsor [1] - The CSRC requested clarification on the pricing basis, fairness, and tax implications of capital increases and reductions related to the acquisition of 100% equity in a domestic operating entity [1][3] Group 2 - The company provides cross-border fund arrangement services, including currency exchange and structured trade settlement, and must clarify the specific models and pricing basis for these services [2] - The CSRC requires the company to disclose the types, scale, sources, and usage of data collected during its domestic operations, including any implications for personal information protection and data security [3] - Hope Sea Inc. was registered in the Cayman Islands on April 22, 2025, and is backed by Shenzhen Huafu Yang Supply Chain Co., Ltd., a major player in the cross-border supply chain solutions for electronic products [3]

Group 1 - The China Securities Regulatory Commission (CSRC) has requested Megmeet Smart (002881.SZ) to provide supplementary information regarding the debt repayment capability of its actual controller as part of its overseas listing application [1] - Megmeet Smart submitted its listing application to the Hong Kong Stock Exchange on June 18, 2025, with China International Capital Corporation (CICC) as the sole sponsor [1] - The CSRC has outlined specific areas for Megmeet Smart to clarify, including the establishment and changes in shareholding of its predecessor, Fangge Precision, and the potential impact of the actual controller's debt situation on the company's control [1] Group 2 - Megmeet Smart was established in 2007 and went public on the Shenzhen Stock Exchange on June 22, 2017, focusing on wireless communication modules and IoT solutions [2] - The company's main products include wireless communication modules (such as smart modules, high-performance modules, and data transmission modules) and IoT solution products along with related technical development services [2] - According to Frost & Sullivan, Megmeet Smart ranked fourth globally in the wireless communication module industry in 2024, holding a market share of 6.4% [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has requested Megmeet Smart (002881) to provide supplementary information regarding the debt repayment capability of its actual controller as part of its listing application submitted to the Hong Kong Stock Exchange [1] - Megmeet Smart was established in 2007 and listed on the Shenzhen Stock Exchange on June 22, 2017, focusing on wireless communication modules and IoT solutions [2] - According to Frost & Sullivan, Megmeet Smart ranked fourth in the global wireless communication module industry in 2024, holding a market share of 6.4% [2] Group 2 - The CSRC has asked Megmeet Smart to clarify the establishment and changes in shareholding of its predecessor, Fangge Precision, since its inception [1] - The CSRC requires Megmeet Smart to explain whether the share pledge situation of its controlling shareholder and actual controller could lead to changes in control of the company before and after the issuance [1] - The CSRC also seeks clarification on the operations and licensing status of Megmeet Smart's subsidiary, Nantong Zhongge, in relation to compliance with the 2024 version of the Negative List for Foreign Investment Access [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for seven companies, including Hope Sea Inc. (华富洋), regarding their overseas listing application, focusing on compliance with cross-border fund arrangements and data management practices [1][2]. Group 1: Regulatory Requirements - CSRC requires Hope Sea to clarify the compliance of cross-border fund arrangements, including the specific model of services provided, pricing basis, and net income composition from these activities [2]. - The company must provide detailed information on the pricing basis and legality of its capital increase and reduction processes related to its domestic operating entity [1][3]. - Hope Sea is also asked to explain the types, scale, sources, and usage of data collected during its operations, particularly concerning personal user information and data security measures [3]. Group 2: Company Background - Hope Sea Inc. was registered in the Cayman Islands on April 22, 2025, and is backed by Shenzhen Huafu Yang Supply Chain Co., Ltd., a leading provider of cross-border supply chain solutions for electronic products in China [3]. - The company has over 20 years of experience in the cross-border supply service industry, focusing on importing electronic products, particularly integrated circuits, from international suppliers to China [3]. - In 2024, Hope Sea's import Gross Merchandise Volume (GMV) reached approximately RMB 34.8 billion [3].

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for seven companies, including Hope Sea Inc. (华富洋), regarding their overseas listing application [1] - Hope Sea Inc. submitted its listing application to the Hong Kong Stock Exchange on June 16, 2025, with Agricultural Bank of China International as the sole sponsor [1] - The CSRC requires Hope Sea to clarify the compliance of its cross-border fund arrangements, including the types, scale, sources, and usage of data collected during its domestic operations [1][2] Group 2 - The company is required to provide details on its capital increase and reduction processes, including pricing basis, fairness, payment of consideration, and tax implications, ensuring compliance with regulations on foreign investment in domestic enterprises [1] - Hope Sea's cross-border fund arrangement services include currency exchange and structured trade settlement, necessitating clarification on the service model, pricing basis, and net income composition [2] - The company must disclose the types, scale, sources, and usage of data collected during its operations, including any implications for personal user information protection and data security measures [3] Group 3 - Hope Sea was registered in the Cayman Islands on April 22, 2025, and is backed by Shenzhen Huafu Yang Supply Chain Co., Ltd., a major provider of electronic product import supply chain solutions in China [3] - The company has over 20 years of experience in cross-border supply services, focusing on importing electronic products, particularly integrated circuits, with a GMV of approximately RMB 34.8 billion in 2024 [3]

Group 1 - The China Securities Regulatory Commission (CSRC) has requested that OmniVision Technologies (603501) provide additional explanations regarding inconsistencies in the identification of its controlling shareholders and the criteria used for such identification [1] - OmniVision has submitted an application for listing on the Hong Kong Stock Exchange, with UBS Group, China International Capital Corporation (601995), PASCHK, and GFSHK acting as joint sponsors [1] - The CSRC has also asked for details on the specific circumstances of share pledges held by the controlling shareholders or those under their control, and the impact on the company's control and normal business operations [1] Group 2 - According to Frost & Sullivan, OmniVision is one of the top ten fabless semiconductor companies globally based on 2024 revenue, focusing on three main product lines: image sensor solutions, display solutions, and analog solutions [1] - OmniVision is expanding its product and solution offerings to serve high-growth industries such as smartphones, automotive, medical, security, and emerging markets like machine vision, smart glasses, and edge AI [1] - OmniVision is recognized as the third-largest digital image sensor supplier globally, according to Frost & Sullivan, based on revenue from image sensor solutions in 2024 [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has announced additional requirements for the filing of overseas listings, specifically requesting XianGong Intelligent to provide supplementary information regarding its technology export operations and compliance over the past three years [1] - The CSRC also requires clarification on the reasonableness of the share price for new shareholders who joined in the last 12 months, as well as an explanation for any discrepancies in these share prices, including a definitive conclusion on whether there is any related party transaction [1] - XianGong Intelligent submitted its listing application to the Hong Kong Stock Exchange on May 27, with China International Capital Corporation (CICC) acting as the sole sponsor [1]