New stock news | Jinzhiwei plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires further explanation on matters such as changes in equity.

The China Securities Regulatory Commission issued the "Requirements for Supplementary Materials for Overseas Issuance and Listing (February 2, 2026 - February 6, 2026)". The International Department of the China Securities Regulatory Commission issued supplementary material requirements for 4 companies, among which Jinzhiwei was required to provide supplementary explanations on equity changes and shareholder situations. According to the Hong Kong Stock Exchange disclosure on December 15, Jinzhiwei submitted applications to the Hong Kong Stock Exchange main board, with Guotai Junan Finance Limited and BOC International Asia Limited as its joint sponsors. The China Securities Regulatory Commission requested Jinzhiwei to provide explanations on the following matters and requested lawyers to verify and provide clear legal opinions: 1. Regarding equity changes: (1) Please explain the pricing basis for each of your company's capital increases and equity transfers, whether the capital has been paid, whether there are any outstanding capital contribution obligations, and any flaws in the method of contribution; (2) Please explain if there were instances of shareholding proxy in the history of your company; (3) Please explain the progress of the change in record of the incentive awards granted in December 2025. 2. Regarding shareholder situations: (1) Please explain whether the actual controllers have permanent overseas residency rights in accordance with the requirements of the "Regulatory Rules Applicable Guidelines - Overseas Issuance and Listing No. 2"; (2) Please explain the progress in the change of partners and business registration change procedures for Jinshizhongcheng; (3) Please explain the progress in the identification of state-owned shareholders for Yinhaiyuanhui and Zhuhai Zhengling. 3. Please provide an update on the progress of your company's synthetic algorithm registration application. 4. Regarding this issuance and listing: (1) Please explain the specific plan and arrangements for the subdivision of your company's shares, and whether it will affect the number of shares to be issued; (2) Please explain whether the shares held by the proposed "all circulation" shareholders have any flaws such as being pledged, frozen, or other rights issues. 5. Please further explain your company's business operation model and core competitiveness by matching your report's main customers and suppliers, product features, pricing basis, specific application scenarios, revenue scale, and industry position. The prospectus shows that Jinzhiwei is an AI company focusing on providing AI digital employee solutions and enterprise-level intelligent body solutions. Through its independently developed AI solutions, the company helps enterprises accelerate their digital transformation. By integrating AI algorithms, large language models, and Siasun Robot & Automation process automation technology with industry scenarios, the company has enabled various tasks to be handled by AI digital employees and intelligent bodies. According to data from Frost & Sullivan, the company has served many leading companies in various industries and has gained a leading position in the market. In terms of market share, Jinzhiwei has ranked first in the Chinese AI digital employee solution market for three consecutive years from 2022 to 2024. Throughout the entire historical period, the company also ranked first in the number of large and medium-sized enterprises served in this market. The company's market leadership is particularly evident in the financial services sector, where it has consistently held the top market share from 2022 to 2024. As of June 30, 2025, based on the number of authorized AI digital employees deployed by the company, Jinzhiwei has deployed over 1.8 million AI digital employees. These AI digital employees are involved in over ten industries such as financial services, government affairs, and manufacturing, serving more than 1,300 high-quality clients.