Core Viewpoint - The China Securities Regulatory Commission (CSRC) has requested additional information from Xici Technology regarding its business operations and compliance as part of its overseas listing application process [1][2]. Group 1: Regulatory Requirements - The CSRC has asked Xici Technology to provide legal opinions on the legality and compliance of its establishment and past equity changes [2]. - The company must clarify the status of its major shareholders, including any pledges or freezes on shares, and whether any prohibitive conditions apply under relevant regulations [2]. - Xici Technology is required to detail its business operations, specifically regarding its photovoltaic equipment manufacturing, and update on any ongoing litigation that may impact its overseas listing [2]. Group 2: Employee and Fund Management - The company needs to report on the progress of share transfer transactions related to its employee stock ownership plan and provide legal opinions on the fairness and compliance of the plan [2][3]. - Xici Technology must specify the intended use of funds raised from the listing, including domestic and international allocations, and confirm compliance with overseas investment regulations [3]. Group 3: Company Overview - Xici Technology is recognized as a leading IDM company in the global magnetic sensor industry, ranking sixth worldwide and first among Chinese companies based on projected 2024 revenue [3]. - The company possesses a comprehensive magnetic sensing technology portfolio and offers integrated solutions across the entire industry value chain [3].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has requested additional information from Xici Technology regarding its business operations and compliance as part of its overseas listing application process [1][2]. Group 1: Regulatory Requirements - CSRC has asked Xici Technology to provide a legal opinion on the legality and compliance of its establishment and past equity changes [1]. - The company must clarify the status of its major shareholders, including any pledges or freezes on shares, and whether any prohibitive conditions apply under relevant regulations [1][2]. - Xici Technology is required to explain the operational status of its subsidiaries, particularly in the photovoltaic equipment manufacturing sector, and any ongoing litigation that may impact its overseas listing [2]. Group 2: Employee and Financial Matters - The company needs to update on the progress of share transfer transactions related to its former partners and provide a legal opinion on the fairness and compliance of its employee stock ownership plan [2]. - Xici Technology must detail the specific uses of the funds raised from the listing, including the proportions allocated for domestic and overseas projects, and confirm compliance with investment approval processes [2]. Group 3: Listing History and Future Plans - The company is required to disclose the specifics of its previous A-share listing guidance and the reasons for its withdrawal, as well as any plans to pursue A-share listing in the future [2]. - Xici Technology is also asked to confirm whether any issues could significantly affect its current overseas listing application [2]. Group 4: Company Overview - Xici Technology is recognized as a leading IDM company in the global magnetic sensor industry, ranking sixth worldwide and first among Chinese companies based on projected 2024 revenue [3]. - The company possesses a comprehensive magnetic sensing technology portfolio and offers integrated solutions across the entire industry value chain [3].

Core Viewpoint - Xici Technology has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities International and GF Securities (Hong Kong) as joint sponsors [1] Company Overview - Xici Technology is a leading magnetic sensor IDM company, ranked sixth globally and first among Chinese companies in terms of revenue for 2024 [1] - The company possesses a complete magnetic sensing technology portfolio and a fully integrated vertical value chain, offering one-stop solutions [1] - Xici Technology operates under the IDM model, covering chip design, wafer manufacturing, and module design and manufacturing, with business operations in Germany and China [1] Technology Focus - The company is particularly focused on xMR sensor technology, ranking fifth globally and first among Chinese providers in this field [1] - Xici Technology offers a wide range of magnetic sensor solutions, including current sensors and motion sensors, with its current sensor products ranked third globally for 2024 [1] Market Applications - The company's products have gained widespread recognition in various sectors, including green energy, new energy vehicles, automotive, and industrial automation [1]