New stock news | Streamax Technology plans to list in Hong Kong. The China Securities Regulatory Commission requires additional clarification on the company's business model and specific details regarding the involvement of AI large models.

On November 21, the China Securities Regulatory Commission announced the "Supplementary Materials Requirements for Overseas Issuance and Listing Filings (November 17, 2025 - November 21, 2025)". The International Department of the China Securities Regulatory Commission issued supplementary material requirements for 7 companies, including requesting Streamax Technology to provide further clarification on the company's business model and specific details regarding AI large models. It is reported that Streamax Technology submitted its listing application to the main board of the Hong Kong Stock Exchange on September 30, with CICC acting as the sole sponsor. The CSRC requested Streamax Technology to provide clarification on the following matters, for lawyers to verify and provide clear legal opinions: 1. Please describe in simple language the company's business model and specific details regarding AI large models, including application scenarios, specific functions, etc. 2. Please explain the specific situation of the company's business involving AI-assisted driving systems, whether it involves obtaining and using geographical information data, whether the business scope of the company and its subsidiaries involve restrictions or prohibitions in foreign investment areas. 3. Please explain whether the company and its subsidiaries are involved in developing and operating websites, mini-programs, apps, WeChat accounts, etc., whether they provide information content to third parties, the types of information content provided, and information content security measures; and also explain the scale of user information collected and stored, data collection and utilization, arrangements or measures for personal information protection and data security before and after listing. According to the prospectus, Streamax Technology's solutions and products mainly include: AI solutions; Streamax Technology's AI solutions use vision-based AI technology for perception, analysis, and decision-making to enhance driving safety and fleet operation efficiency. Video equipment; collects, records, and transmits driving information through cameras and other integrated devices.