O'Creation Holdings (ANE.US) plans to list on Nasdaq. China Securities Regulatory Commission requires additional explanation on issues such as domestic operations entity.

On November 7th, the China Securities Regulatory Commission announced the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (November 3, 2025 - November 7, 2025)". The International Department of the China Securities Regulatory Commission disclosed the supplementary material requirements of 13 companies, among which, it was mentioned that Hainan AoChuang Innovation Energy Development Co., Ltd., based in Haikou, Hainan, the controlling shareholder AoChuang Holdings, Inc. (hereinafter referred to as Hainan AoChuang Holdings) (confidential to public) was required to provide supplementary explanations on domestic operating entities. It is reported that on September 3, 2024, Hainan AoChuang Holdings filed an updated prospectus with the SEC. The company plans to list on NASDAQ with the stock code "ANE". The China Securities Regulatory Commission requested AoChuang Holdings to provide supplementary explanations on the following matters and to have lawyers verify and provide clear legal opinions: 1. Regarding the equity control structure. The compliance of the equity control structure establishment, including but not limited to the compliance with the regulatory procedures related to foreign investment involved in mergers and acquisitions, and to provide conclusive opinions on compliance. 2. Regarding domestic operating entities. 1. The establishment and historical background, business, corporate governance, and standard operation of Hainan AoChuang Innovation Energy Development Co., Ltd. and AoMei (Hainan) New Energy Technology Co., Ltd.; 2. The time, price, pricing basis, fairness of price, payment period, completion status, tax payment, and compliance with foreign investment regulatory procedures of AoMei (Hainan) New Energy Technology Co., Ltd. acquiring the equity of Hainan AoChuang Innovation Energy Development Co., Ltd., and to provide conclusive opinions on compliance. 3. Regarding equity changes. The reasons for the shareholder's acquisition of your company's shares in September 2023, pricing basis, whether there are any relationships with other shareholders, directors, supervisors, senior management, intermediary institutions and their responsible persons, senior management, and staff involved in this issuance, whether any entities prohibited by laws and regulations hold shares of the issuer directly or indirectly, and to provide clear conclusive opinions. 4. Regarding standard operations. 1. Your company's domestic operating entity's business scope includes network reservation taxi services, please further verify whether it is actually engaged in relevant business, and provide a clear opinion on whether the related business falls under the restrictions or prohibitions specified in the "Special Management Measures for Admission of Foreign Investment (Negative List)" for foreign investors. 2. Whether your company's domestic operating entity is actually engaged in business activities such as "insurance agency, insurance brokerage, advertising design, agency; advertising production; advertising publication" included in the business scope. If so, please specify the specific business model. According to the information, Hainan AoChuang Holdings, founded in 2003, is a comprehensive car service provider in Hainan Province, providing comprehensive car-related products and services to customers in Hainan Province mainly through its 4 4S stores. This includes motor vehicle sales and other comprehensive car services, such as maintenance services (including maintenance and repair services, parts sales, car care services), parts sales, insurance agency, and other value-added services.