New Stock News | Jiangsu Xinquan Automotive Trim Plans to List in Hong Kong. The China Securities Regulatory Commission requests additional information on the specific implementation of overseas investment, foreign exchange management, and other regulatory procedures related to overseas subsidiaries.

On May 15, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing disclosure (May 11, 2026 - May 15, 2026). The CSRC International division issued supplementary material requirements for 14 companies, including Jiangsu Xinquan Automotive Trim, requiring clarification on the specific compliance of overseas investments and foreign exchange management procedures of the company's overseas subsidiaries. It is reported that Jiangsu Xinquan Automotive Trim submitted an application to the Hong Kong Stock Exchange on January 27, 2026, with CITIC SEC as the sole sponsor. The CSRC requested Jiangsu Xinquan Automotive Trim to provide clarification on the following matters, and requested lawyers to verify and provide clear legal opinions: 1. Please provide clarification on the specific compliance of overseas investments and foreign exchange management procedures of the company's overseas subsidiaries, and provide a conclusive opinion on compliance. 2. Please provide clarification on the issuance price, fundraising scale, and the compliance of overseas investment approval, approval, or filing for the projects involved in the overseas fundraising. The prospectus shows that since its establishment in 2001, Jiangsu Xinquan Automotive Trim has been focusing on providing solutions for automotive trim systems, mainly for car manufacturers, engaging in the research and development, manufacturing, and sales of automotive interior and exterior trims. As of the last feasible date, the company has established 24 production bases in locations such as Changzhou, Wuhu, Shanghai, and Ningbo, and set up 6 research and development centers in Changzhou, Shanghai, Wuhu, and Ningbo. On the same day, the company had established 3 production bases in Malaysia, Slovakia, and Mexico, and set up 2 research and development centers in Germany and the United States, forming an efficient global research and development and manufacturing system.