New stock news | Circuit Fabology Microelectronics Equipment (688630.SH) plans to list in Hong Kong. The China Securities Regulatory Commission requires supplementary explanations on the specific use of the funds raised.

On October 31, the China Securities Regulatory Commission announced the "Supplementary Materials Requirements for Overseas Issuance and Listing Registration (October 27, 2025 - October 31, 2025)". Among them, it is required that Circuit Fabology Microelectronics Equipment (688630.SH) provide additional information on the basic situation of its shareholder Yage Ventures holding more than 5% of the shares, the specific use of funds raised and other matters. It is reported that Circuit Fabology Microelectronics Equipment submitted its application for listing on the main board of the Hong Kong Stock Exchange on August 31, 2025, and CICC is its exclusive sponsor. The China Securities Regulatory Commission requested that Circuit Fabology Microelectronics Equipment provide further explanation on the following matters, and requested lawyers to verify and provide clear legal opinions: 1. In accordance with the "Regulatory Rules Application Guidelines - Overseas Issuance and Listing No. 2", please provide information on the basic situation of your company's shareholder Yage Ventures holding more than 5% of the shares. 2. Please explain whether the business scope and actual business operations of your company and its subsidiaries involve areas prohibited or restricted for foreign investment access according to the "Foreign Investment Access Special Management Measures (Negative List) (2024 Edition)". 3. Please specify the specific use of the raised funds, including investment projects, countries or regions involved, and whether there are situations that require overseas investment approval, approval, or filing. The prospectus shows that Circuit Fabology Microelectronics Equipment is a global leader in the direct lithography industry, providing core equipment for the advanced information technology industry in the AI era. With its core high-precision nano-lithography technology research and development capabilities and the application of proprietary technology in various innovative applications, the company is dedicated to manufacturing, selling, and maintaining direct imaging and direct lithography equipment for global customers. Circuit Fabology Microelectronics Equipment has a complete research and development technology system architecture covering light sources and exposure engines, precision workpiece stages, alignment and focusing, data links, and system modular integration design. The company focuses on providing innovative, stable, and reliable nano direct lithography equipment, aiming to maximize value for customers. During the reporting period, the company's product portfolio mainly included PCB direct imaging equipment and automatic line systems, semiconductor direct lithography equipment and automatic line systems.