New Stock News | Huaqin Technology (603296.SH) Plans to List in Hong Kong. The China Securities Regulatory Commission Requires Supplementary Explanation on the Specific Situation Involving the Business of Intelligent Driving Assistance Controllers.

On November 21, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filings (November 17, 2025-November 21, 2025). The CSRC's International Department disclosed the requirements for supplementary materials from 7 companies, including a request for Huaqin Technology (603296.SH) to provide specific details on the company and its subsidiaries' involvement in smart driving assistance controllers and the usage of the products. According to a disclosure by the Hong Kong Stock Exchange on September 16, Huaqin Technology Limited (Huaqin Technology, 603296.SH) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC and BofA SECURITIES acting as its joint sponsors. The CSRC requested Huaqin Technology to provide clarification on the following matters, and to have lawyers verify and provide clear legal opinions: 1. Please explain the specific situation of shareholder's equity held by the actual controller's pledged shares of the issuer, and consider factors such as debt repayment capacity to determine whether the pledging of shares before and after this issuance may lead to a change in control, and whether it constitutes a prohibitive situation under Article 8 of the Measures for the Administration of the Issuance of Securities by Domestic Enterprises Overseas for Listing. 2. Please provide details, in accordance with the "Guidelines for the Application of Regulatory RulesNo.2 for Overseas Issuance and Listing: Guidance on Content and Format of Filing Materials", on the issuance and listing plan, as well as the specific domestic and international uses and corresponding proportions of the raised funds, whether it involves specific investment projects, and whether necessary approvals, approvals or filings have been completed. 3. Please explain the specific situation and usage of smart driving assistance controllers in the business of the issuer and its subsidiaries. According to the prospectus, Huaqin Technology is a globally leading, technology-driven intelligent product platform company that provides end-to-end solutions across the entire value chain for clients. With more than 20 years of experience in the field of intelligent products, the company has deeply engaged in the iteration and development of products and technology in the mobile communication, internet, cloud computing, and artificial intelligence era, providing intelligent products for leading global technology companies in the mobile terminal, computing and data center businesses, AIoT, and innovative business fields. Huaqin Technology has established a solid leading position in key product areas and, according to research by Insight Consultancy, is a leading global full-stack intelligent product ODM platform, achieving global firsts in multiple categories of intelligent products.