New stock news | Guangdong Topstar Technology (300607.SZ) plans to list in Hong Kong. The China Securities Regulatory Commission requires supplementary explanations on the overseas investment supervision procedures involving overseas subsidiaries.

The China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Record (February 9, 2026 to March 2, 2026)". The International Department of the China Securities Regulatory Commission issued supplementary material requirements to seven companies, including Guangdong Topstar Technology (300607.SZ), requiring them to explain the specific fulfillment of overseas investment, foreign exchange registration, and other regulatory procedures related to setting up overseas subsidiaries, as well as details on the specific use of funds raised and the proportion of domestic and foreign usage. According to the disclosure by the Hong Kong Stock Exchange on January 16, Guangdong Topstar Technology Co., Ltd. (referred to as Guangdong Topstar Technology) submitted a listing application to the main board of the Hong Kong Stock Exchange, with Huatai International as its sole sponsor. The China Securities Regulatory Commission requested Guangdong Topstar Technology to provide further clarification on the following matters, and to have lawyers verify and provide clear legal opinions: 1. The specific fulfillment of regulatory procedures related to overseas investment, foreign exchange registration, etc., in setting up overseas subsidiaries, and to provide a conclusive opinion on compliance. 2. The specific use of funds raised and the proportion of domestic and foreign usage, whether there are plans to repatriate funds domestically and the specific ratio, whether there are investments in overseas projects, and whether necessary approvals from regulatory authorities have been obtained. 3. The specific details of the business scope of the issuer and its subsidiaries, including activities related to advertising, data processing services, internet data services, and big data services, whether these activities are actually carried out and operational, whether necessary qualifications and licenses have been obtained, and whether the business activities of the issuer and its subsidiaries are subject to restrictions or prohibitions under the "Special Management Measures for Foreign Investment Access (Negative List) (2024 edition)". The prospectus shows that Guangdong Topstar Technology is a leading player in the full-stack industrial Siasun Robot&Automation industry and a pioneer in the humanoid intelligence field in mainland China. Guangdong Topstar Technology has formed a complete chain of independent layout in core components of Siasun Robot&Automation, Siasun Robot&Automation main body, and automation application systems, making it the "chain leader" enterprise in the intelligent Siasun Robot&Automation industrial chain in Guangdong Province. Guangdong Topstar Technology has made significant progress in the humanoid intelligence field and has commercialized applications in multiple manufacturing scenarios. The company has launched the first intelligent humanoid robot "Xiaotuo" used in injection molding scenarios in mainland China. In addition, Guangdong Topstar Technology's four-legged robot "Xingzi" can perform multiple tasks in different application scenarios, including autonomous inspections, forest firefighting operations, and specialized operations in other complex environments.