New Stock News | Honghe Electronics plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires further explanation of the necessity and reasonableness of this Hong Kong listing in relation to the use of the raised funds.

On August 14, the China Securities Regulatory Commission (CSRC) released the Supplementary Material Requirements for Filing for Overseas Issuance and Listing (August 10, 2026 - August 14, 2026). The International Department of the CSRC issued supplementary material requirements for eight enterprises. Among them, Honghe Electronics was asked to further explain the necessity and rationality of its listing in Hong Kong in conjunction with the use of the raised funds. According to the Hong Kong Stock Exchange's disclosure on May 15, Honghe Electronic Materials Technology Co., Ltd. (referred to as Honghe Electronics) submitted its listing application to the main board of the Hong Kong Stock Exchange, with CITIC SEC acting as its sole sponsor. The CSRC requested that Honghe Electronics provide supplementary explanations on the following matters, and asked the lawyer to verify and issue a clear legal opinion: Please further explain the necessity and rationality of this listing in Hong Kong in conjunction with the use of the raised funds. The prospectus shows that Honghe Electronics has integrated production capabilities for electronic yarn and electronic fabric, possessing production lines for low, medium, and high-end products, making it one of the few companies in the world with a complete product line. It focuses on the research, production, and sales of high-end common electronic fabrics such as ultra-thin fabrics, as well as specialized electronic fabrics with low dielectric constant/low dielectric loss factor ("low Dk/Df") and low thermal expansion coefficient ("low CTE").