New stock news | Wuxi Best Precision Machinery (300580.SZ) plans to list on the Hong Kong stock market. The China Securities Regulatory Commission requires supplementary explanation of matters such as changes in equity.

The China Securities Regulatory Commission issued the "Supplementary Materials Requirement for Overseas Issuance and Listing Filings (March 23, 2026 - March 27, 2026)". The International Department of the China Securities Regulatory Commission issued supplementary material requirements to 11 enterprises, including requesting Wuxi Best Precision Machinery to provide additional explanation on equity changes, shareholder situations, and other matters. It is known that Wuxi Best Precision Machinery (300580.SZ) submitted its listing application to the main board of the Hong Kong Stock Exchange on January 12, 2026, with Guotai Haitong as its exclusive sponsor. The China Securities Regulatory Commission requested Wuxi Best Precision Machinery to provide clarification on the following matters and asked lawyers to verify and provide clear legal opinions: 1. Regarding equity changes: (1) Please explain the pricing basis for your company's previous capital increases and equity transfers, whether the capital has been paid in, whether there are situations where the capital contribution obligations have not been fulfilled or there are defects in the capital contribution method; (2) Please explain the compliance of the procedures for reducing capital, payment of relevant taxes and fees, and the payment situation for the reduction of capital, and provide a clear conclusion on the legality and compliance of your company's establishment and previous equity changes; (3) Please explain if there are situations of shareholding by nominees in your company's history. 2. Regarding shareholder situations: (1) Please explain the basic situation of the domestic entities after the penetration of shareholders holding more than 5% of your company and whether there are entities prohibited from holding shares by laws and regulations; (2) Please explain the progress of identifying Huirui Jincong's state-owned shareholders. 3. Please provide specific information on the situation where Li Mengjun still holds shares in Zhenjiang Demao Property after leaving, whether it complies with relevant regulations, follows relevant procedures, whether there are disputes or controversies, whether it poses obstacles to the issuance and listing in this case; and provide clear conclusions on whether there is any benefit transfer in the implementation of the employee shareholding plan and whether it is legal and compliant. 4. Regarding standardized operations: (1) Please explain the specific compliance of regulatory procedures such as overseas investments and foreign exchange registration of your company's overseas subsidiaries, and provide a conclusion on compliance; (2) Please explain the specific situation of your company and its subsidiaries not fully paying social insurance and housing provident funds, and the rectification situation after administrative penalties, whether the above situation constitutes significant violations of laws and regulations, and whether it has a significant impact on this issuance and listing; (3) Please explain the latest developments in your company's litigation cases, the impact on the company's operations and debt repayment ability, and whether it constitutes a substantial obstacle to this issuance and listing. 5. Regarding this issuance and listing and "full circulation": (1) Please explain the specific plan arrangements for the split of your company's shares, and whether it affects the quantity of shares issued in this issuance; (2) Please explain the estimated amount of funds to be raised after full exercise of the oversubscription rights; (3) Please explain whether the shares held by shareholders who intend to participate in the "full circulation" have any defects such as being pledged, frozen, or other rights. 6. Please explain the detailed situation of the A-share listing counseling filing and application process conducted by your company in the previous period, whether the A-share listing plan will continue and specific arrangements, whether there are circumstances that have a significant impact on this issuance and listing. According to the prospectus, Wuxi Best Precision Machinery is a fundamentally stable company specializing in electronic functional enhancement materials, with a strong market position in the fields of acoustic enhancement materials, electronic ceramic materials, electronic adhesives, and energy enhancement materials. Based on a deep insight into industry development and technological evolution, and with solid research and development capabilities and lean management expertise, the company has established three core technology platforms: inorganic powder technology platform, polymer material technology platform, and composite material technology platform.