New stock news | Extreme Vision plans to list in Hong Kong. The China Securities Regulatory Commission requires a supplementary explanation of the specific situation of the pre-listing counseling record of A-shares.

On January 23, the China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Registration (January 19, 2026 to January 23, 2026)". The CSRC's International Department requested supplementary materials from three companies, including Jivision, to provide specific details on the previous A-share listing counseling registration, the progress of state-owned shareholders in handling state-owned share identification, and other matters. According to the Hong Kong Stock Exchange disclosure on January 20, Shandong Jivision Technology Co., Ltd. (referred to as "Jivision") submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC being its exclusive sponsor. The CSRC requested Jivision to provide clarification on the following matters, and asked lawyers to verify and provide clear legal opinions: 1. Please explain the reasons for the addition of new shareholders in the last 12 months, the reasonableness of the share price, the reasons for the price differences, and whether there are abnormal payment for shares, transfer of benefits, etc. 2. Please explain the progress of state-owned shareholders in handling state-owned share identification. 3. Please explain whether there may be any situation affecting control rights after the issuance and listing, when exercising the over-allotment option. 4. Please explain the progress of handling business registration changes for departing employees under the equity incentive plan, and provide a clear conclusion on whether the implementation of the equity incentive plan is legal and compliant. 5. Please explain the specific details of the company's business related to AI large models, and whether the relevant large models have been registered. 6. Please explain whether the company and its subsidiaries are involved in developing and operating websites, mini-programs, apps, WeChat official accounts, etc., providing information content to third parties, the types of information content provided, information content security measures, the scale of collected and stored user information, data collection and usage, personal information protection, data security arrangements or measures before and after listing. 7. Please provide specific details on the previous A-share listing counseling registration, whether there are plans to continue with the A-share listing and specific arrangements, and whether there are any major factors affecting this issuance and listing. 8. After the transfer of shares in July 2025, Qingdao Tianlu Liyang Equity Investment Partnership (Limited Partnership) no longer holds the company's shares. Please explain the reasons and justification for their application for "full circulation", and whether there are shareholding proxy situations. 9. Please explain whether there are any situations of pledged shares, frozen shares, or other defects in rights for the shareholders intending to participate in the "full circulation" in this issuance.