New stock news | Ingenic Semiconductor (300223.SZ) plans to list on the Hong Kong stock market. The China Securities Regulatory Commission requires additional clarification on business models and issues related to large models.

On October 31, the China Securities Regulatory Commission announced supplementary materials requirements for overseas issuance and listing (from October 27, 2025 to October 31, 2025), which mentioned that Ingenic Semiconductor (300223.SZ) is required to provide additional explanations on its business model and matters related to large models. According to the disclosure of the Hong Kong Stock Exchange on September 15, Ingenic Semiconductor submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with GUOTAI JUNAN I as its exclusive sponsor. The China Securities Regulatory Commission requested Ingenic Semiconductor to provide explanations on the following matters, and requested lawyers to verify and provide clear legal opinions: 1. Please explain whether the share pledge situation of your controlling shareholder and actual controller may lead to a change in your company's control before and after the issuance, and whether it may result in a prohibition situation as stipulated in Article 8 of the "Measures for the Administration of Domestic Enterprises Issuing Securities Overseas and Listing" due to a change in control. 2. Please explain whether there are any legal prohibitions on the domestic entities held by shareholder Wuyuefeng Investment after piercing through. 3. Regarding business operations: (1) Please elaborate in layman's terms on the business model and specifics of matters related to large models, and explain whether the relevant large model filings have been completed; (2) Please explain the specific situations of your company's subsidiaries engaging in "asset management, investment management, investment consulting, corporate management consulting, business consulting," and whether they are actually conducting financial-related businesses and have obtained necessary qualifications and licenses; (3) Please explain whether the business scope and actual business operations of your company and its subsidiaries involve areas prohibited or restricted for foreign investment according to the "Negative List for Market Access for Foreign Investment (2024 Version)." 4. Please explain the estimated amount of funds to be raised before and after the exercise of overallotment rights, the specific calculation method, the specific use of funds to be raised, the proportion of funds to be used for domestic and overseas investment projects, and if there are overseas investment projects, please explain the compliance with overseas investment approval, approval, or filing procedures. 5. Please explain whether your company and its subsidiaries are involved in the development and operation of websites, mini-programs, apps, WeChat official accounts, and other products, whether they provide information content to third parties, the types of information content provided and measures taken to protect information content security; also, explain the scale of collection and storage of user information, data collection and usage, arrangements or measures for personal information protection and data security before and after listing. The prospectus shows that Ingenic Semiconductor is a leading global provider of "compute+storage+analog" chips, offering high-performance, low-power consumption computing chips, high-quality, highly reliable storage chips, and multi-category high-spec analog chips for markets like automotive electronics, industrial medical, AIoT, and smart security.