五、请补充说明国有股东履行国有股东标识管理等国资管理程序的进展情况。 六、请补充说明公司开发、运营的网站、APP、小程序等产品情况，收集及储存的用户信息规模、数据 收集使用情况，是否涉及向第三方提供个人用户信息，上市前后个人信息保护和数据安全的安排或措 施。 七、请补充说明公司内部控制、公司治理及合规运作情况。 8月8日，中国证监会公布《境外发行上市备案补充材料要求(2025年8月1日—2025年8月7日)》。中国证 监会对飞速创新等17家企业出具补充材料要求。其中，证监会要求飞速创新说明公司内部控制、公司治 理及合规运作情况等事项。据悉，飞速创新已于2025年5月27日向港交所主板提交上市申请，中金公司 （601995）、中信建投（601066）国际、招商证券国际为联席保荐人。 证监会请飞速创新补充说明以下事项，请律师核查并出具明确的法律意见： 一、请补充说明公司及子公司经营范围是否涉及《外商投资准入特别管理措施(负面清单)(2024年版)》 领域，本次发行上市前后是否持续符合外资准入政策要求。 二、公司股东及股权激励计划曾存在股权代持情形，请列表说明代持双方名称、代持股权比例，代持起 止时间、解除代持方式 ...

Core Viewpoint - The company, Shenzhen Feisu Innovation Technology Co., Ltd., is pursuing an IPO on the Hong Kong Stock Exchange after facing challenges in its previous attempt to list on the A-share market. The company aims to leverage its position in the enterprise-level network solutions sector to support global digital transformation efforts [1][2][8]. Group 1: Company Overview - Shenzhen Feisu Innovation is an information and communication technology product and solution provider focused on enterprise-level network solutions [1]. - The company has received multiple rounds of financing from investors, including Shenzhen Capital Group and Haitong Securities [4][5]. Group 2: IPO Journey - The company initially targeted the A-share market for its IPO in June 2022, but faced scrutiny from the Shenzhen Stock Exchange regarding its financial data and compliance issues, leading to a withdrawal of its application in May 2024 [2][3][4]. - Following the withdrawal, the Shenzhen Stock Exchange issued a warning to the company and its executives regarding internal control deficiencies and compliance failures [4]. Group 3: Market Position and Financial Performance - Feisu Innovation is recognized as the second-largest online DTC network solution provider globally, serving over 450,000 clients across more than 200 countries [6]. - The company's revenue grew from 1.988 billion RMB in 2022 to 2.612 billion RMB in 2024, with a compound annual growth rate of 14.6% [7]. - The company has demonstrated strong customer retention, with net revenue retention rates of 94.4% in 2023 and 102.1% in 2024 [6]. Group 4: Market Risks - A significant portion of the company's revenue, 46.8% from the U.S. and 34.4% from Europe, exposes it to geopolitical risks, particularly related to U.S. trade policies [7]. - Recent developments in U.S.-China trade relations, including a temporary suspension of tariffs, may provide some relief, but ongoing tensions could pose future challenges [7].