Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced supplementary material requirements for 13 companies, including AoChuang Holdings, which plans to go public on NASDAQ under the ticker "ANE" [1] Group 1: Regulatory Requirements - The CSRC has requested AoChuang Holdings to provide clarification on its equity control structure, including compliance with foreign investment regulations and the legitimacy of its setup and reverse mergers [2] - The company must also detail the establishment and operational history of its domestic entities, including Hainan AoChuang New Energy Development Co., Ltd. and Aomei (Hainan) New Energy Technology Co., Ltd., along with compliance regarding share acquisition and foreign investment [2][3] - AoChuang Holdings is required to explain the reasons behind the share acquisition by shareholders in September 2023, including pricing basis and any potential conflicts of interest with other stakeholders [2] Group 2: Business Operations - The domestic operational entity of AoChuang Holdings is involved in various automotive services, including vehicle sales, maintenance, and insurance agency services, primarily serving clients in Hainan Province [3] - The company must verify whether its business activities align with the scope of its business license, particularly regarding network taxi services and other specified operations, ensuring compliance with foreign investment restrictions [3]