New Stock News | CheLianTianXia Plans to List in Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional clarification on whether recent capital increase has been completed and changes in business registration have been processed.

The China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Filings (March 23, 2026 March 27, 2026)". The International Department of the China Securities Regulatory Commission has requested supplementary materials from 11 companies, including Car-Connect Global, to clarify whether they have completed the recent capital increase and changed the business registration, and the progress of state-owned shareholders fulfilling state-owned stock identification and other state-owned asset management procedures. It is reported that Wuxi Car-Connect Global Intelligent Technology Co., Ltd. (referred to as Car-Connect Global) submitted an IPO application to the Hong Kong Stock Exchange Main Board on November 28, 2025, with CICC and Guotai Haitong as joint sponsors. The China Securities Regulatory Commission requested Car-Connect Global to provide supplementary explanations on the following matters and asked lawyers to verify and provide clear legal opinions: 1. Please explain the pricing basis for the new shareholders' investment in the past 12 months, the reasons for the differences in pricing for recent capital increases, and its rationality, as well as the tax payment situation. Please provide a clear conclusion on whether there is any abnormal payment for the investment and whether there is any benefit transfer. 2. Please explain whether the company has completed the business registration for the recent capital increase, and provide a conclusive opinion on the legality and compliance of the issuer's establishment and previous equity changes. 3. Please provide additional information on the progress of state-owned shareholders fulfilling state-owned stock identification and other state asset management procedures. 4. Please explain whether there are any pledges, freezes, or other defects in the shares held by the proposed "full circulation" shareholders in this round. The prospectus shows that Car-Connect Global is a pioneer, leader, and promoter in the evolution of automotive E/E architecture. With professional expertise in the full integration of intelligent automotive systems, the company has created a full-stack solution from hardware platforms, underlying software, application ecosystems to service architectures. The company's product portfolio includes in-car computing solutions and domain controllers. Under the in-car computing solutions, the company provides various options such as intelligent cockpit domain controllers, cockpit-driving fusion domain controllers, and the AutoseeOS software platform for OEMs. According to Frost & Sullivan data, the company ranked second in China's intelligent cockpit domain controller field in terms of revenue in 2024.