New stock news | Mosvis Intelligence plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional clarification on specific details of overseas production and operations.

On November 14, the China Securities Regulatory Commission announced the "Requirements for Supplementary Materials for Overseas Issuance and Listing (November 10, 2025-November 14, 2025)". The International Department of the China Securities Regulatory Commission made public the requirements for supplementary materials for 10 companies, including a mention of Magic Vision Intelligence needing to provide further explanation on the historical evolution of the issuer and specific details of overseas production and operations. According to the disclosure by the Hong Kong Stock Exchange on September 26, Magic Vision Intelligence Technology (Shanghai) Co., Ltd. (referred to as "Magic Vision Intelligence") submitted an application for listing on the main board of the Hong Kong Stock Exchange, with GUOTAI JUNAN I and Guosen (Hong Kong) as its joint sponsors. The China Securities Regulatory Commission requested Magic Vision Intelligence to provide further clarification on the following matters and to have a lawyer verify and provide clear legal opinions: 1. Regarding the historical evolution of the issuer: (1) Please further explain the pricing basis for the transfer of equity involving new shareholders within 12 months before the submission of the application for overseas issuance and listing, the reasons for the difference in pricing from the same period of capital increase, and the rationality thereof, as well as the tax payment situation of the transferring parties in the equity transfer process; (2) Please provide a clear conclusion on whether the establishment and successive equity changes of the issuer comply with laws and regulations. 2. The business scope of the issuer and its subsidiaries includes "commission agency (excluding auctions)," "integrated circuit chip and product manufacturing," "integrated circuit manufacturing," and "radar and supporting equipment manufacturing," please explain the specific business operations. 3. Please explain: (1) the relevant approval, approval, or filing procedures related to the expansion of production capacity involved in the use of raised funds by the issuer; (2) the specific situation of the issuer's overseas production and operations, whether the use of funds raised this time involves overseas investments, and whether relevant approval, approval, or filing procedures have been completed. 4. Regarding the equity incentive plan: (1) If the incentivized objects include external consultants, please verify in accordance with the requirements of the "Regulatory Rules Applicable Guidelines - No. 2 for Overseas Issuance and Listing," and provide a clear conclusion on the existence of benefits transfer and legality and compliance; (2) Please explain why "Shanghai Pingzhi" was set up outside the incentive platform as a platform for non-incentive employees to indirectly hold shares of the issuer and the commercial rationality thereof. 5. Please explain whether the issuer's intelligent driving business involves acquiring and using geographic information data, and further explain whether the business scope and actual business operations of the issuer and its subsidiaries involve areas prohibited or restricted in the "Negative List of Foreign Investment Access Special Management Measures (2024 Edition)". 6. Please explain whether the shares held by shareholders intending to participate in the "full circulation" this time are subject to pledges, freezes, or other defects in rights. The prospectus shows that Magic Vision Intelligence is an intelligent driving solution provider driven by artificial intelligence innovation. It is one of the few suppliers in the industry with AI-native genes and technology accumulation, and has self-research capabilities in all core technologies of algorithms, models, data governance, and intelligent driving software and hardware. Magic Vision Intelligence provides integrated solutions with intelligent driving features from L0 level to L4 level for OEMs and Tier 1 suppliers, helping them in their intelligence transformation and promoting the popularization of intelligent driving, providing users with safe, convenient, and efficient travel experiences. The company's solutions have been selected by OEM customers for 92 models and delivered over 3.3 million sets.