Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for 12 companies, including Kangjin Electric, regarding their overseas listing applications [1][2] - Kangjin Electric submitted its listing application to the Hong Kong Stock Exchange on June 27, 2025, with Fosun International Capital and Chuangsheng Financing as joint sponsors [1] - The CSRC has requested Kangjin Electric to clarify its business scope in relation to the "Negative List of Foreign Investment Access (2024 Edition)" and to provide details on any disciplinary actions from the National Equities Exchange and Quotations [2] Group 2 - Kangjin Electric is a technology-driven integrated power equipment provider and smart energy management solutions provider, with a competitive "source-network-load-storage" integrated platform [2] - The company ranks third in the ring network cabinet sector in China, holding a 4.4% market share based on sales revenue in 2024, according to Frost & Sullivan [2] - Since 2016, Kangjin Electric has shifted its strategy towards smart renewable energy solutions, participating in the integrated "source-network-load-storage" system through wind power, photovoltaics, energy storage, and charging infrastructure [2]