New Stock News | Yuchai Marine Electric plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional disclosure of information on the controlling shareholder, ultimate controller and other specific matters.

The China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuers (April 7, 2026 to April 10, 2026)". The International Department of the China Securities Regulatory Commission required three companies to provide supplementary materials, including requesting Yuchai Ship Electric to provide clarification on the specific situation of the controlling shareholder and actual controller. According to the disclosure of the Hong Kong Stock Exchange on January 27, Guangxi Yuchai Ship Electric Power Co., Ltd. (referred to as Yuchai Ship Electric) submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with CMSC International and China Galaxy International as its joint sponsors. The China Securities Regulatory Commission requested Yuchai Ship Electric to provide clarification on the following matters and to have a lawyer verify and issue clear legal opinions: 1. Please supplement the specific situation of the controlling shareholder and actual controller of the issuer in accordance with the relevant provisions of the Company Law. 2. Please provide additional information on the compliance of the equity incentive plans implemented by your company, including the specific composition and appointment of personnel, the existence of any relationships between the participants and other shareholders, directors, supervisors, and senior management personnel of the issuer, the fairness of the pricing, agreement provisions, decision-making procedures, and normative operations, and provide a clear conclusion on the legality and compliance of these matters, as well as any possible transfer of benefits. 3. Please provide additional information on whether the shares held by the shareholders participating in the "full circulation" in this round of financing by your company are subject to pledges, freezes, or other defects in rights. 4. Please provide additional information on specific transactions between your company and Yuchai Group, Yuchai Holdings, etc. during the reporting period, the fairness of related party transaction prices, and provide a clear conclusion on whether there is any transfer of benefits. The prospectus disclosed that Yuchai Ship Electric is a leading provider of power generation solutions. According to Frost & Sullivan data, based on sales revenue of engines for power generation in China in 2024, the company is the largest engine supplier for power generation in China. According to Frost & Sullivan data, the company is also a leading supplier of marine engines in China, ranking second based on sales revenue of medium and high-speed marine engines in China in 2024.