Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for 10 companies, including Tongshifu, regarding their overseas listing applications [1] - Tongshifu submitted its listing application to the Hong Kong Stock Exchange on May 9, 2025, with CMB International as the sole sponsor [1] - The CSRC has requested Tongshifu to clarify the specific situation of domestic entities among its major overseas shareholders holding more than 5% of shares [1][2] Group 2 - The CSRC requires Tongshifu to explain the reasons, evolution, legality, and potential disputes related to the shareholding arrangements of its shareholders [1] - The company must also clarify whether its business scope involves any sectors restricted or prohibited for foreign investment [1] - Tongshifu is a leading cultural and creative product brand rooted in Chinese culture, holding a 35% market share in the copper cultural craft product market in China as of December 31, 2024 [3] Group 3 - According to the Frost & Sullivan report, Tongshifu ranked first in the copper cultural product category on Tmall and JD.com for the years ending December 31, 2022, 2023, and 2024 [3] - The revenue from copper cultural products for Tongshifu was approximately 480 million RMB, 488 million RMB, and 551 million RMB for the years ending December 31, 2022, 2023, and 2024, respectively, accounting for 95.4%, 96.3%, and 96.6% of total revenue during the same periods [3]