New Stock News | Digiwin Co.,Ltd. (300378.SZ) plans Hong Kong IPO; CSRC requires explanation of the specific performance of regulatory procedures such as overseas investment involved in the establishment of overseas subsidiaries.

On September 30, the China Securities Regulatory Commission (CSRC) published supplementary material requirements for overseas issuance and listing filings (September 20, 2026 September 30, 2026). The CSRC required Digiwin Co.,Ltd. to supplement its explanation of the specific performance of regulatory procedures such as overseas investment and foreign exchange management involved in the establishment of overseas subsidiaries, and to issue a conclusive opinion on compliance. According to a disclosure by the Hong Kong Stock Exchange on May 10, Digiwin Co.,Ltd. (300378.SZ) submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with CMSC International as the sole sponsor. At the same time, the CSRC required Digiwin Co.,Ltd. to supplement its explanation of the following matters, and requested that lawyers verify and issue clear legal opinions: In light of debt repayment capacity and other circumstances, supplement the explanation of whether major borrowings, credit facility contracts, etc. may lead to major ownership disputes, or lead to a change in major shareholders, before and after the completion of this issuance. Supplement the explanation of all pending litigation and arbitration involving the company, whether the relevant circumstances will have a material adverse impact on the company's future operations, whether they will constitute a substantive obstacle to this issuance, and whether the relevant circumstances have been fully disclosed. List item by item the specific amounts and proportions of the proceeds from this issuance to be used for domestic and overseas investment projects, and explain the performance of the relevant approval, verification, or filing procedures. If the relevant procedures are in the process of being performed, please issue a commitment that all proceeds will be repatriated to the domestic territory. At the same time, please further explain the necessity and reasonableness of this Hong Kong listing in light of the direction of the proceeds. Supplement the explanation of the specific circumstances of transactions with Foxconn Industrial Internet and others during the reporting period, the fairness of the relevant related-party transaction prices, and issue a clear conclusive opinion on whether there is any transfer of benefits. Supplement the explanation of the company's property management and cultural and artistic exchange activities. According to the prospectus, the company is a leading provider of digital and intelligent solutions for the manufacturing industry. The company's digital and intelligent solutions for the manufacturing industry cover a comprehensive portfolio of digital and intelligent software products, integrated digital and intelligent software and hardware solutions, and digital and intelligent technical service products. The company provides relevant products and services in key functional areas across the operational value chain of manufacturing enterprises, including R&D and design, digital management, production control, and AI Internet of Things (AIoT).