New Stock News | Qingdao TGOOD Electric (300001.SZ) plans to have a Hong Kong IPO. The China Securities Regulatory Commission requires additional explanations on the use of the raised funds and relevant approval situations to be provided.

The China Securities Regulatory Commission (CSRC) issued the "Supplementary Material Requirements for Overseas Issuance and Listing Recordings (May 25, 2026 - May 29, 2026)." The CSRC's International Department has issued supplementary material requirements to 11 companies. Among them, Qingdao TGOOD Electric (300001.SZ) is required to provide additional explanations on the approval, approval, or filing procedures for the use of funds raised. According to the disclosure of the Hong Kong Stock Exchange on February 26, Qingdao TGOOD Electric Co., Ltd. submitted an application for listing on the main board of the Hong Kong Stock Exchange, with China Galaxy International and GF SEC as its joint sponsors. The CSRC has requested Qingdao TGOOD Electric to provide additional explanations on the following matters and ask lawyers to verify and provide clear legal opinions: The approval, approval, or filing procedures for the use of funds raised; for projects involving overseas fundraising, explain the procedures for overseas investment approval, approval, or filing. The prospectus shows that Qingdao TGOOD Electric is the world's largest manufacturer of high-voltage prefabricated container substations and China's largest manufacturer of electric vehicle charging equipment and operator of charging networks. Qingdao TGOOD Electric's business includes the research and development, manufacturing, sales, construction, and operation of high-voltage and medium-voltage prefabricated container substations, transformers, switchgear, electric vehicle charging equipment, and charging networks. According to data from Zhishi Consultancy, based on sales revenue from prefabricated container substations in 2023 and 2024, Qingdao TGOOD Electric is the world's largest provider of prefabricated container substations and the largest provider of high-voltage prefabricated container substations. During the reporting period, Qingdao TGOOD Electric sold a total of 1,242 sets of high-voltage prefabricated container substations. According to data from Zhishi Consultancy, based on revenue, public charging terminal quantity, total annual charging volume, and total charging power indicators in 2023 and 2024, Qingdao TGOOD Electric is the largest manufacturer of electric vehicle charging equipment and operator of charging networks in China.