New Stock News | Topica Dawa plans to list in Hong Kong. The China Securities Regulatory Commission requires additional explanations on the compliance of the red chip architecture construction.

According to the China Securities Regulatory Commission (CSRC) APP, on July 3, the CSRC issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Filings (June 29, 2026 - July 3, 2026)". The CSRC International Department issued supplementary material requirements for 7 companies. Among them, Tuo Bida was required to explain whether shareholders holding more than 5% of the shares have completed the foreign exchange registration specified in Document No. 37, as well as the transaction consideration, pricing basis, tax payment, etc. in the process of constructing red-chip structures involving the acquisition of domestic entities. According to the disclosure of the Hong Kong Stock Exchange on January 26, Tuo Bida (Group) Holdings Limited has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Zhongtai International as the sole sponsor.