New Stock News | Jing Solid Control Plans to List in Hong Kong, China Securities Regulatory Commission Requires Explanation for Withdrawing A-share ChiNext Listing Application

On June 26th, the China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing (June 15, 2026 - June 26, 2026)". It requires Jingshi Measurement and Control to provide additional explanations on the reasons for withdrawing the A-share listing counseling record and the application for listing on the Shenzhen Stock Exchange's ChiNext board, as well as whether there are any significant impacts on the current issuance and listing. According to the Hong Kong Stock Exchange disclosure on April 16th, Zhuhai Jingshi Measurement and Control Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange's main board, with CICC and Pu Yin International being its joint sponsors. The China Securities Regulatory Commission requests Jingshi Measurement and Control to provide further explanations on the following matters, and to have lawyers verify and provide clear legal opinions: 1. Regarding past capital increases and equity transfer pricing, whether the capital contributions have been paid, whether there are any situations of unfulfilled capital obligations, capital diversion, or flawed capital contribution methods, and to provide clear conclusions on the legality and compliance of past equity changes. 2. Please explain the basis and fairness of pricing for new shareholders' entry prices in the past 12 months, the reasons for differences in these entry prices and their reasonableness, tax payment situations, and whether there are abnormal entry prices, and to provide clear conclusions on whether there is any interest transfer. 3. Regarding the equity incentive plan: (1) Please provide clear conclusions on the legality and compliance of the implementation of the equity incentive plan and whether there is any interest transfer; (2) Please explain the fairness of the grant price of the equity incentive plan, whether holders of the incentive shares will still hold them after leaving, whether it complies with previous agreements, and whether there are disputes or potential disputes. 4. Please provide details on the previous A-share listing counseling record and the submission of the listing application to the Shenzhen Stock Exchange's ChiNext board, including the reasons for withdrawal, and whether there are any significant impacts on the current issuance and listing. 5. Please explain the reasons for inconsistencies between your company's filing report and prospectus main business, make adjustments and resubmit relevant filing materials. 6. Please provide additional explanations on whether your company's shareholders have any relationship with the sponsors, whether it affects the independence of intermediary institutions, and whether it complies with the rules of the listing venue. 7. Please provide additional explanations on the specific compliance of regulatory procedures related to overseas investments and forex registration by your company's overseas subsidiaries, and provide conclusive opinions on compliance. 8. Please provide additional explanations on whether the company's fixed asset mortgage situation will have a substantial impact on the company's operations and this issuance and listing. 9. Please explain whether the shares held by shareholders participating in this offering for "full circulation" are subject to pledge, freeze, or other rights defects. According to the prospectus, Jingshi Measurement and Control is a leading domestic provider of comprehensive solutions for industrial and consumer flexible manufacturing, with business coverage in areas such as consumer electronics, automotive, and home appliances based on "intelligent measurement and control technology". According to Zhishi Consulting data, based on the 2024 revenue, Jingshi Measurement and Control has become the second largest functional and performance testing equipment provider for consumer electronics PCBA in China. The company has six R&D centers covering China, the United States, Germany, and serves top manufacturing companies in more than 20 countries and regions worldwide.