New stock news | Zhefu Intelligence plans to launch an IPO in Hong Kong. The China Securities Regulatory Commission requires further details on the pricing basis for previous capital increases and equity transfers.

On July 10, the China Securities Regulatory Commission issued the "Requirements for Supplementary Materials for Overseas Issuance and Listing Approval (July 6, 2026 - July 10, 2026)". The International Department of the China Securities Regulatory Commission required 7 companies to provide supplementary materials. Among them, Zhefu Intelligence was required to explain the pricing basis of each capital increase and equity transfer, whether there were abnormal stock purchase prices, whether there were instances of benefit transfer, etc. According to the Hong Kong Stock Exchange's disclosure on May 4, Zhefu Intelligent Systems (Shanghai) Co., Ltd. submitted an IPO application to the Main Board of the Hong Kong Stock Exchange, with Nam Wah Financing as the exclusive sponsor. The China Securities Regulatory Commission requested Zhefu Intelligence to provide clarification on the following matters and instructed lawyers to verify and provide clear legal opinions: 1. Please provide clarification on: (1) the pricing basis for each capital increase and equity transfer of your company, whether there are abnormal stock purchase prices, instances of benefit transfer, whether paid-in capital has been made, whether there are situations of unfulfilled capital obligations, capital diversion, and defects in capital contribution methods; (2) whether there were instances of shareholding proxies in the company's history; (3) Provide conclusive opinions on the legality and compliance of your company's establishment and historical equity changes, as well as the status of your company's legal entity and effective existence. 2. Please provide clarification on the pricing basis for the entry prices of new shareholders in the 12 months before submitting the overseas issuance and listing approval application, and whether it is fair, as well as the tax payment status of transferors in equity transfer transactions, and provide clear conclusive opinions on whether there are instances of benefit transfer. 3. Please provide clarification on whether your company and its subsidiaries are involved in any restricted or prohibited areas for foreign investment, and whether the issuance and listing and "full circulation" before and after the continuous compliance with foreign investment access requirements. 4. Please provide clarification on whether there are reserved quotas or unallocated quotas for the employee stock ownership platform. 5. Please provide clarification on whether the shares held by shareholders intending to participate in the "full circulation" in this round have any defects such as pledges, freezes, or other rights issues. The prospectus shows that Zhefu Intelligence is a leading one-stop provider of thermal safety solutions for new energy batteries in China, focusing on innovative thermal safety technology for new energy batteries and addressing the thermal safety challenges faced by lithium batteries in various scenarios. Zhefu Intelligence specializes in the research, development, manufacturing, and sales of thermal safety products for new energy batteries, providing a one-stop four-level linked closed-loop safety solution (L1 to L4 systems) and after-sales services, covering comprehensive battery thermal safety systems from battery pack-level thermal management to monitoring and warning, and fire prevention capabilities, including active safety (battery pack-level - battery intelligent thermal management system), monitoring and warning (battery pack-level - battery intelligent detection and warning system), passive safety (battery pack-level - battery intelligent cooling suppression system), and firefighting (cabin-level full submersion firefighting system).