New stock news | China Micro Semicon (Shenzhen) (688380.SH) plans to list on the Hong Kong stock exchange. The China Securities Regulatory Commission requires additional information on the specific situation of technology exports in the past three years.

On October 31, the China Securities Regulatory Commission (CSRC) released the "Supplementary Materials Requirement for Overseas Issuance Listing (October 27, 2025 - October 31, 2025)". It requires China Micro Semicon (Shenzhen) (688380.SH) to provide additional information on the implementation and compliance of its technology export business in the past three years, as well as the specific details of the issuer's overseas production and operations. It is reported that China Micro Semicon (Shenzhen) submitted its listing application to the Hong Kong Stock Exchange Main Board on September 23, with China Securities Co., Ltd. International as its exclusive sponsor. The CSRC requested China Micro Semicon (Shenzhen) to provide clarification on the following matters, and to have lawyers verify and provide clear legal opinions: 1. Regarding the issuer's subsidiary companies involved in "technology import and export", please explain the implementation and compliance of the technology export business in the past three years. 2. Please explain: (1) the specific details of the issuer's overseas production and operations; (2) whether the funds raised by the issuer are intended for the construction of a research and operation center in Hong Kong, and if it involves overseas investment related approval, approval, or filing procedures. 3. Please explain whether the issuer and its subsidiary companies' business scope and actual operations are involved in the "Special Administrative Measures on Foreign Investment Access (Negative List) (2024 Edition)" areas where foreign investment is prohibited or restricted. The prospectus shows that China Micro Semicon (Shenzhen) is a leading provider of intelligent control solutions in China, specializing in the design and delivery of integrated circuit chips, with microcontrollers ("MCU") as the core of the company's products. The company provides efficient, energy-efficient, and cost-effective intelligent control solutions for a wide range of applications. During the reporting period, the company's revenue mainly came from the provision of MCU, SoC, and ASIC solutions, as well as the sale of other related products. According to research data from Frost & Sullivan, the company is one of the earliest domestic enterprises to independently research and design MCUs. The company's first-mover advantage and ongoing innovation have kept the company in a leading position in the industry. Based on 2024 shipment volume, the company is the top MCU enterprise in China based on shipments, and ranks third based on revenue.