New Stock News | Jurong Microelectronics plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional clarification on specific business models, etc.

On November 21, the China Securities Regulatory Commission announced the "Supplementary Material Requirements for Overseas Issuance and Listing Record Filing (November 17, 2025 - November 21, 2025)". The International Department of the China Securities Regulatory Commission disclosed the supplementary material requirements for 7 companies, among which it mentioned that Juxin Microelectronics should provide further clarification regarding its specific business model. According to the disclosure by the Hong Kong Stock Exchange on September 29, Wuhan Juxin Microelectronics Co., Ltd. (referred to as Juxin Microelectronics) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with HAITONG INT'L and CITIC SEC as joint sponsors. The China Securities Regulatory Commission requested Juxin Microelectronics to provide clarification on the following matters, and requested lawyers to verify and provide clear legal opinions: 1. Please provide supplementary explanations on the recent three-year situation and compliance of technology exports by the company and its subsidiaries. 2. Please provide supplementary explanations on the specific business model. 3. Please provide supplementary explanations on the specific fulfillment of overseas investments, foreign exchange management, and other regulatory procedures by overseas subsidiaries, and provide conclusive opinions on compliance. 4. Please provide supplementary explanations on the reasonableness of the prices at which new shareholders have invested in the company in the past 12 months, the differences in these investment prices, and provide clear conclusions on whether there is any transfer of benefits. 5. Please provide supplementary explanations on the compliance of the implemented equity incentive plans, including the composition of specific personnel, their positions, the existence of relationships between participating personnel and other shareholders, directors, supervisors, senior management of the issuer, fairness of prices, agreement conditions, decision-making procedures, operational norms, and provide clear conclusions on their legality, compliance, and existence of benefit transfers. 6. Please provide supplementary explanations on whether the shares held by shareholders who intend to participate in the "full circulation" this time are subject to pledges, freezes, or other defects. 7. Please provide supplementary explanations on the specific situation of pending litigation, whether the related situations may have significant adverse effects on future operations or constitute substantial obstacles to this issuance, whether the pending litigation has been fully disclosed. Please have the company and lawyers express clear opinions. The prospectus shows that Juxin Microelectronics is a leading provider of intelligent sensing, machine vision, and imaging technology solutions. It is committed to empowering intelligent devices to achieve accurate perception, excellent imaging, and intelligent upgrades through the deep integration of high-performance analog and digital mixed-signal chips with optimized algorithms. The company's technology revolves around the three core areas of intelligent sensing, machine vision, and imaging technology, providing key DRIVES for high-growth scenarios such as Siasun Robot & Automation, Internet of Things, mobile intelligent devices, digital twins, and automotive electronics, significantly improving interaction efficiency and imaging experience. Leveraging its leading intelligent sensing technology platform and innovative precision drive technology, the company's solutions build the core capabilities of the "perception-decision-execution" closed loop. Through deep collaboration of multimodal sensor fusion and precise driving, the company is committed to empowering intelligent devices to break through the perception limits of complex environments, becoming a pioneer in intelligent device innovation, and leading the commercialization process of sensing and imaging technologies.