New Stock News | Canopy Siasun Robot & Automation plans to list in Hong Kong, China Securities Regulatory Commission requires additional clarification on the specific details of business involving AI large models and other related matters.

On December 26th, the China Securities Regulatory Commission issued the "Supplementary Materials Requirement for Overseas Issuance and Listing Registration (December 22, 2025 - December 26, 2025)". The International Department of the China Securities Regulatory Commission issued supplementary material requirements to 19 companies, among which, Canuop Siasun Robot & Automation was required to provide additional information on the specific details of its AI large model-related business activities. According to the disclosure by the Hong Kong Exchange on November 17th, Chengdu Canuop Siasun Robot & Automation Technology Co., Ltd. has submitted an application to the Hong Kong Exchange Main Board, with Guotai Junan Financing Limited as its exclusive sponsor. The China Securities Regulatory Commission requested Canuop Siasun Robot & Automation to provide additional clarification on the following matters, and asked for legal verification and a clear legal opinion: 1. Please provide additional information on whether your company and its subsidiaries are involved in the development and operation of websites, mini-programs, apps, public accounts, etc., as well as the collection, storage, contact, processing of personal information, or the scale of orders through authorized flagship stores, other brand shopping malls, third-party platform stores, e-commerce store operation services, whether there is involvement in providing information content to third parties, the types of information content provided, and information content security measures; also, explain the scale of user information collection and storage, data collection usage, arrangements or measures for personal information protection and data security before and after going public. 2. Regarding the business model: (1) Please provide additional details on the specific situations of your company's business related to AI large models, application scenarios, specific functions, etc.; (2) Please provide additional details on the specific situations of your company's subsidiaries' business scopes, including industrial IoT data services, whether related businesses have been actually carried out, specific operational situations, whether necessary qualifications and licenses have been obtained, whether there are restrictions or prohibitions on foreign investment areas, foreign capital shareholding limits, and whether continuous compliance with foreign investment access requirements before and after this issuance and listing. 3. Please provide additional information on whether there are any circumstances of pledged, frozen, or other defects in the shares held by the shareholders who are intended to participate in the "full circulation" this time. 4. Please provide additional information on the penetration of "overseas enterprises" and Chinese domestic entities in the top-level investors of your company, and whether there are subjects prohibited from holding shares according to laws and regulations. 5. In accordance with the "Regulatory Rules Application Guidelines - Overseas Issuance and Listing Type No. 2", improve the situations of your company's share capital and evolution, and provide additional information on: (1) the prices and valuation basis of your company's previous capital increases and equity transfers, whether there are abnormal situations in the consideration for entering shares, whether the capital has been fully paid, whether there is any benefit transfer; (2) verify whether the establishment and previous changes in equity of your company are legal and compliant, and provide conclusive opinions; (3) provide additional information on whether there is shareholding representation in your company, including historical evolution and whether there is shareholding representation at the level of indirect shareholders, not limited to the level of direct shareholders. If it exists, conduct verification according to the relevant requirements of "Regulatory Rules Application Guidelines - Overseas Issuance and Listing Type No. 2" for shareholding representation. According to the prospectus, Canuop Siasun Robot & Automation is a leading industrial Siasun Robot & Automation company in China, and a pioneer in embodied intelligent Siasun Robot & Automation. With full-stack independent core technology and multi-scenario intelligent application capabilities, it has successfully built a matrix of three major categories of independently developed products covering industrial Siasun Robot & Automation, collaborative Siasun Robot & Automation, and embodied intelligent Siasun Robot & Automation. According to Frost & Sullivan data, based on revenue in 2024, Canuop Siasun Robot & Automation ranks first among all Chinese welding Siasun Robot & Automation manufacturers.