New Stock News | Ugreen Group Limited (301606.SZ) plans to list on Hong Kong Stock Exchange. CSRC requires supplemental explanations on all overseas investments involving overseas subsidiaries.

On May 8th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing (April 27, 2026 - May 8, 2026). Among them, the CSRC requires Ugreen Group Limited to provide additional explanations on the specific fulfillment of regulatory procedures such as overseas investments and foreign exchange registration by all overseas subsidiaries, and to issue a conclusion on compliance. According to the disclosure from the Hong Kong Stock Exchange on February 2nd, Shenzhen Ugreen Group Limited (referred to as Ugreen Group Limited (301606.SZ)) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huatai International as its exclusive sponsor. The prospectus shows that Ugreen Group Limited is a technology consumer electronics brand enterprise, covering a wide range of daily application scenarios such as home, travel, office, and entertainment, relying on four major product categories: creative charging products, intelligent office products, smart audiovisual products, and smart storage products. According to Frost & Sullivan data, in 2025, the company ranked first in the global technology consumer electronics products market in terms of shipments. Specifically, based on retail sales in 2025, the company ranked second in the global charging products market. At the same time, based on shipments and retail sales in 2025, the company is the world's largest consumer-grade network-attached storage (NAS) brand, with market shares of 20.6% and 17.5% respectively. The company's business is rooted in the Chinese market and covers more than 180 countries and regions globally as of September 30, 2025. In 2023, 2024, and the nine months ending on September 30, 2025, overseas markets contributed 50.4%, 57.5%, and 59.6% of revenue respectively.