New Stock News | Guangzhou Great Power Energy and Technology (300438.SZ) is planning to launch an IPO on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional clarification on specific overseas fundraising projects, etc.

On May 15, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing (May 11, 2026 - May 15, 2026). Among them, the CSRC requires Guangzhou Great Power Energy and Technology (300438.SZ) to provide further explanation on the specific overseas fundraising projects of the company. If applicable, please explain the overseas investment approval, approval, or filing situation. According to the disclosure of the Hong Kong Stock Exchange on January 30, Guangzhou Great Power Energy and Technology Co., Ltd. (hereinafter referred to as: Guangzhou Great Power Energy and Technology (300438.SZ)) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC as its exclusive sponsor. The CSRC requested Guangzhou Great Power Energy and Technology to provide further clarification on the following matters, and to have lawyers verify and provide clear legal opinions: 1. Please provide further explanation on the specific execution of overseas investments, foreign exchange management, and regulatory procedures by overseas subsidiaries of the company, and provide conclusive opinions on compliance. 2. Please provide further explanation on whether the company's equity pledge situation before and after this issuance may lead to changes in the controlling shareholder, considering factors such as debt repayment ability. 3. Please provide further explanation on the specific overseas fundraising projects of the company. If applicable, please explain the fulfillment of overseas investment approval, approval, or filing. According to the prospectus, Guangzhou Great Power Energy and Technology is a global battery manufacturer and integrated energy storage solution provider, with a global footprint covering energy storage batteries, consumer batteries, and power batteries. According to Frost & Sullivan data, in 2024, the company's energy storage batteries ranked ninth globally by shipment volume, with a market share of 3.6%. The company has transformed this expertise in battery manufacturing into a leading position in the portable energy storage battery and household energy storage battery industries. Based on the battery shipment volume in 2024, the company's rankings in these industries are first and third globally, respectively. The company's main business includes research and development, production, and sales of high-performance batteries and integrated energy storage solutions, with a comprehensive product portfolio covering rechargeable batteries and disposable batteries.