New stock news | Julong Semiconductor plans to list in Hong Kong. The China Securities Regulatory Commission requires additional disclosure of the penetration situation of the indirect controlling shareholder Jingchen Group.

On November 14, the China Securities Regulatory Commission announced the "Supplementary Materials Requirements for Overseas Issuance and Listing Record (November 10, 2025 to November 14, 2025)". It was mentioned in the announcement that Crystal Semiconductor was required to provide supplementary explanations on the penetration situation of its indirectly controlled shareholder Crystal Group, among other matters. According to the disclosure by the Hong Kong Stock Exchange on September 25, Crystal Semiconductor (Shanghai) Co., Ltd. (referred to as Crystal Semiconductor) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC and HAITONG INT'L as the joint sponsors. The China Securities Regulatory Commission requested Crystal Semiconductor to provide supplementary explanations on the following matters and asked lawyers to verify and provide clear legal opinions: 1. Please provide additional explanations on: (1) the progress of the industrial and commercial registration procedures for changes in your company's registered capital. (2) the progress of the transfer registration of 100% equity of Simar Micro to your company's name, and provide a basic introduction of Simar Micro referencing other subsidiary companies. 2. Please provide additional explanations on the specific situation of your subsidiary companies' business scope, including the design, production, agency, release of various advertisements, property management, etc., whether actual business activities have been carried out and specific operational conditions, and whether necessary qualifications and licenses have been obtained. 3. Please provide supplementary explanations on the penetration situation of Crystal Group, the indirect controlling shareholder of your company, in accordance with the "Regulatory Rules Application Guidelines - Overseas Issuance and Listing Class No. 2", and whether there are subjects prohibited from holding shares by laws and regulations. 4. Please clarify the number and percentage of H shares issued overseas by your company in this issuance when fully exercising the over-allotment option. The prospectus disclosed that Crystal Semiconductor is a globally-positioned, world-leading system-level semiconductor system design company, providing outstanding and leading smart terminal control and connectivity solutions for smart homes, smart offices, smart travel, entertainment and education, industrial production scenes, including smart multimedia and display SoC main control chips, AIoT SoC main control chips, communication and connectivity chips, intelligent automotive SoC chips, etc., committed to empowering global smart terminals from the Internet of Everything to the Intelligence of Everything.