Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for 10 companies, including Xiangdao Chuxing, which is preparing for an IPO on the Hong Kong Stock Exchange [1] Group 1: Regulatory Requirements - The CSRC has requested Xiangdao Chuxing to provide clarification on the compliance of its implemented equity incentive plan and the progress of state-owned shareholder identification management procedures [1] - Xiangdao Chuxing is required to explain the actual operations of its various business activities, including advertising, telecommunications, big data services, and whether it has obtained necessary licenses [2] - The company must clarify whether its business scope involves any restricted or prohibited foreign investment areas [2] Group 2: Shareholder and Equity Matters - The company is asked to provide details on the progress of its state-owned shareholder identification management procedures [3] - Xiangdao Chuxing needs to justify the reasonableness of the share price for new shareholders in the past 12 months and whether there are any issues of interest transfer [3] - The company must confirm the compliance of its equity incentive plan, including participant relationships with other shareholders and the legality of the plan [3] Group 3: Business Operations and Market Position - Xiangdao Chuxing is recognized as a leading comprehensive smart travel platform in China, offering ride-hailing, vehicle leasing, sales, and Robotaxi services [3] - According to Frost & Sullivan, in 2024, Xiangdao Chuxing ranked fifth in China's ride-hailing platforms by gross transaction value (GTV) and second in corporate travel services [4] - As of June 30, 2025, Xiangdao Chuxing's ride-hailing services have expanded to cover 85 cities in China, with an average of over 600,000 daily orders and a GTV exceeding RMB 5.5 billion in 2024 [4]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for 10 companies, including Xiangdao Travel, which is preparing for an IPO on the Hong Kong Stock Exchange. The CSRC has requested clarifications on various compliance and operational aspects of the company [1][2][3][4]. Group 1: Regulatory Requirements - The CSRC has requested Xiangdao Travel to clarify the compliance of its implemented equity incentive plan and the progress of state-owned shareholder identification management procedures [1]. - The company must provide details on its business operations, including advertising, telecommunications, big data services, and whether it has obtained necessary licenses for these activities [1][2]. - The CSRC requires an explanation of the reasonableness of the share price for new shareholders in the past 12 months and whether there are any issues related to profit transfer [3]. Group 2: Business Operations and Market Position - Xiangdao Travel is recognized as a leading comprehensive smart travel platform in China, offering ride-hailing, vehicle rental, sales, and Robotaxi services [3][4]. - As of June 30, 2025, Xiangdao Travel's ride-hailing services have expanded to cover 85 cities in China, starting from Shanghai and gradually extending to the Yangtze River Delta and other regions [4]. - In 2024, the company ranked fifth in domestic ride-hailing platforms by Gross Transaction Value (GTV) and second in completed orders in Shanghai [4].

Core Viewpoint - Xiangdao Mobility (Shanghai) Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with CICC and Guotai Junan International as joint sponsors [1] Company Overview - Xiangdao Mobility is a leading comprehensive smart mobility platform in China, offering ride-hailing, vehicle leasing, vehicle sales, and Robotaxi services to meet diverse travel needs [4] - The company was initiated by SAIC Motor Corporation and has attracted key industry investors such as Momenta, AutoNavi, and CATL, integrating resources from automotive manufacturers, autonomous driving solution providers, high-precision digital map service providers, and battery system suppliers [4] Market Position - According to Frost & Sullivan, in 2024, Xiangdao Mobility ranks fifth among domestic ride-hailing platforms by Gross Transaction Value (GTV) and second in Shanghai by completed orders [4] - The company also ranks second in the domestic corporate travel service industry by GTV in 2024 [4] Service Expansion - Xiangdao Mobility has expanded its ride-hailing services from Shanghai to the Yangtze River Delta and further to 85 cities across China by June 30, 2025 [4] - The company achieved an average of over 600,000 daily orders and a GTV exceeding RMB 5.5 billion in 2024 [4] Financial Performance - Revenue for Xiangdao Mobility was approximately RMB 4.73 billion, RMB 5.72 billion, RMB 6.39 billion, and RMB 3.01 billion for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [5] - Gross profit figures for the same periods were approximately RMB 49.49 million, RMB 376 million, RMB 448 million, and RMB 341 million [5]

Core Viewpoint - Xiangdao Mobility (Shanghai) Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with CICC and Guotai Junan International as joint sponsors [1] Company Overview - Xiangdao Mobility is a leading comprehensive smart mobility platform in China, offering ride-hailing services, vehicle leasing, vehicle sales, and Robotaxi services to meet diverse travel needs [4] - The company was initiated by SAIC Motor Corporation and has attracted key industry investors such as Momenta, AutoNavi, and CATL, integrating resources from automotive manufacturers, autonomous driving solution providers, high-precision digital map service providers, and battery system suppliers [4] Market Position - According to Frost & Sullivan, in 2024, Xiangdao Mobility ranks fifth among domestic ride-hailing platforms by Gross Transaction Value (GTV) and second in Shanghai by completed orders [4] - The company also ranks second in the domestic corporate travel service industry by GTV in 2024 [4] Service Expansion - Xiangdao Mobility has expanded its ride-hailing services from Shanghai to the Yangtze River Delta and further to 85 cities across China by June 30, 2025 [4] - The company achieved an average of over 600,000 daily orders and a GTV exceeding RMB 5.5 billion in 2024 [4] Financial Performance - Revenue for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, were approximately RMB 4.73 billion, RMB 5.72 billion, RMB 6.39 billion, and RMB 3.01 billion respectively [5] - Gross profit for the same periods was approximately RMB 49.49 million, RMB 376 million, RMB 448 million, and RMB 341 million respectively [5]

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 EnjoyGo Technology Limited 享 道 出 行（ 上 海 ）科 技 股 份 有 限 公 司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。閣下閱覽本文件，即代表閣下知 悉、接納並向本公司、其聯席保薦人、整體協調人、顧問或包銷團成員表示同意： 於本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司註冊處處長登記前，不 會向香港公眾人士提出要約或邀請。倘在適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依 據於香港公司註冊處處長註冊的本公司招股章程作出投資決定。該文件的文本將於發售期內向公眾人士刊 發。 (a) 本文件僅為 ...