New Stock News | New Thinking Motors Plans Hong Kong IPO, China Securities Regulatory Commission requires verification of the historical shareholding situation of the company.

On March 2nd, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing disclosure (February 9, 2026 - March 2, 2026). In regards to changes in equity ownership, the CSRC requires New Thinking Motors to provide a clear conclusion on whether the establishment and various equity changes were legal and compliant. In accordance with the "Regulatory Rules Application Guidance - Overseas Issuance and Listing Class No. 2," a verification of the historical situation of shareholding proxies of the company must be conducted. According to a disclosure by the Hong Kong Stock Exchange on January 2nd, New Thinking Motors has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with China International Capital Corporation and Huatai International acting as its joint sponsors. Furthermore, the CSRC requires additional explanations on the following matters, requesting lawyers to verify and provide clear legal opinions: - Clarification on whether domestic entities exist after the penetration of shareholders with a stake of 5% or more that are prohibited by laws and regulations from holding shares. - In accordance with the "Regulatory Rules Application Guidance - Overseas Issuance and Listing Class No. 2," include the situation of overseas subsidiaries of the company in the legal opinion, describing the specific compliance of overseas investments, foreign exchange registration, and other regulatory procedures, and provide a conclusive opinion on compliance. - Explanation of the specific situations of insufficient payment of social insurance and housing provident fund by the company and its subsidiaries Hefei New Thinking and Shanghai Xinsi'ao, whether it constitutes a significant violation of laws and regulations, and whether it will have a significant impact on this issuance and listing. Regarding this issuance and listing and the "full circulation": 1. Explanation of the expected amount of funds to be raised after the full exercise of the over-allotment option. 2. Explanation of whether shareholders intending to participate in this "full circulation" have any pledges, freezes, or other defects on their shares. The prospectus reveals that New Thinking Motors is a leading global manufacturer of micro-precision motors. The company has established a strategic layout of dual production bases in Jiaxing and Hefei, and dual research and development bases in China and Japan. According to Frost & Sullivan data based on 2024 revenue, New Thinking Motors ranks sixth globally and third in China in the imaging motor market, capturing 9.1% of the Chinese imaging motor market. Based on 2024 revenue, in the optical image stabilization (OIS) imaging motor field, New Thinking Motors ranks fourth globally and first in China, holding a 20.1% market share in China.