KOKO.US, a fast-growing donkey (mao lu) ride-sharing company, intends to list on the Nasdaq. The China Securities Regulatory Commission has requested additional information regarding the legality of the establishment of the company's ownership control structure.

On November 7th, the China Securities Regulatory Commission (CSRC) issued the "Supplementary Materials Requirements for Overseas Issuance and Listing (November 3, 2025 to November 7, 2025)", and the International Department of CSRC required 13 companies to provide supplementary materials. In the announcement, the CSRC requested Yongli Technology to explain the compliance of the company's equity control structure, the compliance of the issuer's acquisition of the domestic entity Shanghai Yongli Information Technology Co., Ltd., etc. It is reported that Yongli Technology's holding company, Kokobots Group, submitted an IPO application to the US Securities and Exchange Commission (SEC) in July this year, with the stock code "KOKO". AC Sunshine Securities is the sole book manager for this transaction. Yongli Technology is requested to provide the following information for supplementation, have lawyers verify and provide clear legal opinions: 1. Please explain: the compliance of your company's equity control structure establishment, including but not limited to the specific situations of various entities fulfilling foreign exchange management, overseas investment, foreign investment, tax management, and other regulatory procedures involved in construction and return investment, whether it complies with the law; the compliance of the issuer in acquiring the domestic entity Shanghai Yongli Information Technology Co., Ltd., the tax declaration and payment of the transferor involved in the above equity transfer process, whether it complies with the provisions on the acquisition of domestic enterprises by foreign investors. 2. Please explain: the pricing basis and rationality of the newly added shareholders' shareholding prices in your company within 12 months. 3. Please explain: the specific mode, business process, and service content of your company's unmanned driving technology research and development business, whether it involves map surveying and other related businesses, whether the main business and business scope of the domestic operating entity involve foreign investment restrictions or prohibitions stipulated in the "Special Management Measures for Foreign Investment Access (Negative List)", please provide a conclusive opinion. 4. Please explain: the scale of customer information collected and stored by the websites, apps, mini programs, and other products developed and operated by your company, the data collection and use situation, whether it involves providing personal user data information to third parties or overseas, whether it complies with relevant laws and regulations on the export of personal information, explain the arrangements or measures for personal information protection and data security before and after listing. Also, please explain whether a network security review is required and provide relevant supporting materials.