New Stock News | Zhongxin Home Furnishing Plans Hong Kong IPO, CSRC Requires Supplementary Explanation of Company's Project Environmental Protection Situation, Etc.

On April 10, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing disclosures (April 7, 2026 - April 10, 2026). The CSRC requested Zhongxin Home Furnishing to provide explanations on whether the existing, under construction, and proposed investment projects are "high-energy consumption" and "high-emission" projects. According to the disclosure by the Hong Kong Stock Exchange on January 30, Jiangsu Zhongxin Home Furnishing New Materials Co., Ltd. (referred to as Zhongxin Home Furnishing) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Agricultural Bank International as its sole sponsor. The CSRC has requested Zhongxin Home Furnishing to provide clarification on the following matters and requested legal counsel to provide clear legal opinions: 1. Please provide supplementary information on the specific compliance status of overseas investments, foreign exchange registrations, and other regulatory procedures of your company's overseas subsidiaries, and issue a conclusive opinion on compliance. 2. Please provide supplementary information on whether the existing, under construction, and proposed investment projects of your company are "high-energy consumption" and "high-emission" projects, and provide supporting evidence. 3. Please provide supplementary information on whether the shares held by the shareholders participating in the "full circulation" in this issuance have been pledged, frozen, or have other defects in rights. According to the prospectus, Zhongxin Home Furnishing is a reputable manufacturer of PVC flooring products in China, leading in the SPC flooring field. With nearly 20 years of industry experience, the company is dedicated to providing high-quality PVC flooring products to global customers, focusing on product innovation, smart manufacturing, and global business expansion. The company's products are popular in international markets, with customers in China, Europe, the United States, and other countries and regions. In 2023, 2024, and the nine months ending September 30, 2025, the company's overseas revenue accounted for 96.0%, 97.9%, and 99.4% of total revenue, respectively, with revenue from the US market accounting for 79.6%, 68.5%, and 81.2% of total revenue.