World Alliance (OCP.US) plans to list on the US stock market. The China Securities Regulatory Commission has requested further explanation of the main changes in the two declaration and record filing reports.

date
18/04/2025
avatar
GMT Eight
Kuangshi Alliance, located in Xiamen Torch High-tech Zone Software Park Phase III, is a mobile advertising service provider.
On April 18, the China Securities Regulatory Commission announced the requirement for supplementary materials for overseas issuance and listing disclosure (April 11, 2025 - April 17, 2025) to be made public. The CSRC requested that OCP US Alliance (OCP.US) provide explanations on the major changes in the company's two filing reports. According to the documents, OCP Alliance updated its prospectus with the Securities and Exchange Commission (SEC) on January 8, 2025, and plans to go public on the New York Stock Exchange through an IPO. The CSRC requested the company to provide explanations on the following matters and asked lawyers to conduct checks and provide clear legal opinions: 1. Major changes in the company's two filing reports: (1) The reasons and specific circumstances for the separation of the main operating entity, Xiamen Xinqianhui Network-1 Technologies, Inc., from the previous filing. (2) The reasons for the establishment of six new domestic operating entities, Xiamen Nanook, Xiamen Liuqulin, Xiamen Yuyao, Xiamen Changyan, Xiamen Wanbang, and Xiamen Intervel, after the previous filing, and the rationality of only five out of the current 13 domestic operating entities actually engaging in business operations. 2. The business scope of the company's domestic operating entities includes application system integration services in the artificial intelligence industry, general application systems for artificial intelligence, public data platforms for artificial intelligence, and software development for artificial intelligence. Please explain the specific business situation and whether it complies with the "Interim Measures for the Management of Generative Artificial Intelligence Services." 3. The fulfillment of commitments made by the company in the previous filing. OCP Alliance, located in Phase Three of the Xiamen Torch High-tech Zone Software Park, is a mobile advertising service provider that offers customized mobile advertising placement services to clients (including developing mobile advertising plans, placing ads on media platforms, monitoring ad performance data, and optimizing ad placement strategies), and also provides ad agency services to its clients. Mobile media placement is the core business of OCP Alliance, with the revenue contribution in the fiscal years of 2023 and 2024 both exceeding 99%.