New stock news | Ronglian Regenerative Technology plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional information on the implementation of the Jiangxi Hechuang foreign exchange management procedures.

On April 18, the China Securities Regulatory Commission announced the disclosure of supplementary materials required for overseas issuance and listing filing (April 11, 2025 to April 17, 2025). The CSRC requested Ronglian Regeneration Technology to supplement information on the establishment of the Jiangxi Hechuang foreign exchange management program and other matters. According to the disclosure by the Hong Kong Stock Exchange on February 21, Ronglian Regeneration Technology submitted an application to the Hong Kong Stock Exchange GEM and Zhongtai International Financing Limited is its exclusive sponsor. The CSRC requested the company to supplement the following information and asked lawyers to verify and provide clear legal opinions: 1. Regarding the equity structure: (1) the consideration for the transfer of shares by Dan Jing in 2024, pricing basis, consideration payment, and tax payment situation; (2) the consideration for the acquisition of Ruichang Ronglian shares by Jiangxi Hechuang, consideration payment, and tax payment situation of the transferor; (3) implementation of the Jiangxi Hechuang foreign exchange management program. 2. Regarding business compliance: (1) whether the company has established, is under construction, and whether the investment projects this time belong to "high energy-consuming" and "high-emission" projects, and provide relevant basis; (2) itemize the specific amount and proportion of the funds raised in this issuance for domestic and overseas investment projects, and explain the implementation of relevant approval, approval or filing procedures. Ronglian Regeneration Technology was established in March 2017 and is a leading manufacturer of recycled acrylic products in China, mainly engaged in the research and production of recycled acrylic materials. The company provides customers with recycled MMA and PMMA sheets and is committed to promoting the use of renewable resources to promote the development of a circular economy. According to Frost & Sullivan data, as of the end of the fiscal year on December 31, 2023, the company ranked first in China based on recycled MMA production capacity.